On Thursday, Shares of American Water Works Company Inc (NYSE:AWK), gained 0.82% to $54.18.
American Water, declared that Greg Panagos, vice president of Investor Relations, will give a presentation during the Midwest IDEAS Investor Conference in Chicago on Aug. 26, 2015.
Founded in 1886, American Water is the largest and most geographically diverse publicly traded U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs 6,800 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to an estimated 15 million people in 47 states and Ontario, Canada.
American Water Works Company, Inc., through its auxiliaries, provides water and wastewater services in the United States and Canada. The company operates through two segments, Regulated Businesses and Market-Based Operations. The Regulated Businesses segment offers water and wastewater services to about 1,600 communities in 16 states.
Shares of Kearny Financial Corp (NASDAQ:KRNY), inclined 0.17% to $11.52, during its last trading session.
Kearny Financial Corp., stated a net loss for the quarter ended June 30, 2015 of $3.3 million, or $(0.04) per basic and diluted share. The net loss primarily reflected a $10.0 million charitable contribution made by the Company to the KearnyBank Foundation in conjunction with the closing of the Company’s second-step conversion and stock offering, as discussed in greater detail below. The contribution comprised of $5.0 million in cash and 500,000 shares of the Company’s common stock valued at $10.00 per share for a total contribution of $10.0 million. After giving effect to the income tax benefit, the contribution reduced net income for the quarter by about $6.1 million or $0.07 per basic and diluted share.
The results represent a decrease of $7.2 million contrast to net income of $3.9 million, or $0.04 per basic and diluted share, for the preceding quarter ended March 31, 2015. The decrease in net income between linked quarters reflected a decrease in non-interest income and a slight enhance in non-interest expense that were partially offset by an enhance in net interest income and a slight decrease in the provision for loan losses. The overall pre-tax net loss resulted in an income tax benefit recognized during the quarter ended June 30, 2015. By comparison, the Company recorded pre-tax net income and corresponding income tax expense for the preceding quarter ended March 31, 2015.
For the fiscal year ended June 30, 2015, the Company stated net income of $5.6 million or $0.06 per diluted share, representing a decrease of $4.6 million contrast to net income of $10.2 million or $0.11 per diluted share for the fiscal year ended June 30, 2014. The decrease in net income was largely attributable to the charitable contribution to the KearnyBank Foundation discussed above. The decrease in net income also reflected an enhance in other non-interest expense and in the provision for loan losses coupled with a decrease in non-interest income. These factors were partially offset by an enhance in net interest income. In total, these factors resulted in a decrease in pre-tax net income between comparative periods. The effects of the Company’s tax-favored income sources coupled with other reductions in income tax expense resulted in the recognition of a net income tax benefit during the year ended June 30, 2015. By comparison, the Company recorded income tax expense for the year ended June 30, 2014 as taxable sources of net income outweighed the effects of the Company’s tax favored income sources during the year.
Kearny Financial Corp. operates as a holding company for Kearny Federal Savings Bank that provides various banking products and services. The company offers various deposit products, counting interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.
At the end of Thursday’s trade, Shares of Altera Corporation (NASDAQ:ALTR), lost -0.14% to $49.32.
Altera Corporation declared it will showcase at the Intel Developers Forum (IDF) how FPGA accelerators are being used to enable networking, security and machine learning workloads in a power and cost efficient way. Altera’s participation at IDF15 comprises in-booth demonstrations (booth #359) and technical presentations. IDF15 takes place in San Francisco, Calif., August 18-20, 2015 at the Moscone Center West.
FPGAs provide a platform to significantly enhance compute performance and data processing while reducing system costs and power in high-performance computing and data center applications. The technologies Altera is highlighting at IDF15 showcase the use of FPGAs to provide high-bandwidth, low-latency connections to network and storage systems, in addition to using FPGAs for compression, data filtering, and algorithmic acceleration.
Altera Corporation, a semiconductor company, designs and sells programmable logic devices (PLDs), HardCopy application-specific integrated circuit (ASIC) devices, power system-on-chip devices (PowerSoCs), pre-defined design building blocks, and associated development tools.
Finally, Agrium Inc. (USA) (NYSE:AGU), ended its last trade with 1.06% gain, and closed at $102.76.
Agrium Inc., declared it has received an issuer bid exemption order dated June 12, 2015 from the Ontario Securities Commission permitting it to make private agreement purchases of Agrium’s common shares from an arm’s length third-party seller under the Corporation’s existing Normal Course Issuer Bid (“NICB”). All Common Shares purchased following the Order will be cancelled.
Under the NICB, Agrium will pay the market price at the time of acquisition for any Common Shares purchased through the TSX, the NYSE or alternative trading platforms or otherwise as may be permitted by applicable securities laws and regulations. Following the Order, however, any private purchases of Common Shares made under the NCIB will be at a discount to the prevailing market price, may be made in one or more tranches, and will reduce the number of Common Shares Agrium is permitted to purchase under the NCIB. The purchases must otherwise comply with the terms of the Order, counting that only one such purchase is permitted per calendar week, the purchases cannot occur after August 31, 2015, and the total number of Common Shares which may be purchased from the selling shareholder referenced in the Order is limited to 1,175,000. The Order further stipulates that the maximum number of Common Shares which may be purchased by way of all such private agreements following the Order and any similar order granted cannot exceed 2,395,288 during the currency of Agrium’s NCIB, being one-third of 7,185,866, which is the total number of Common Shares which may be purchased under the NCIB.
Agrium Inc. produces, markets, and distributes crop nutrients, crop protection products, seeds, and merchandise products primarily in the United States, Canada, South America, Europe, and Australia, and internationally. It operates in two segments, Retail and Wholesale.
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