On Thursday, Nucor Corporation (NYSE:NUE)’s shares inclined 0.44% to $38.63.
Nucor Corporation declared guidance for its third quarter ending October 3, 2015. Nucor anticipates third quarter results to be in the range of $0.45 to $0.50 per diluted share. This range is a decrease from the third quarter of 2014 earnings of $0.76 per diluted share and is an improvement contrast to the second quarter of 2015 earnings of $0.39 per diluted share.
Projected third quarter results comprise a LIFO credit of $83.0 million ($0.16 per diluted share), contrast to a credit of $95.5 million ($0.19 per diluted share) in the second quarter of 2015 and a credit of $14.5 million ($0.03 per diluted share) in the third quarter of 2014. Comprised in the second quarter of 2015 results was a $9.3 million ($0.03 per diluted share) benefit related to state tax credits. Comprised in the third quarter of 2014 results was a $12.5 million ($0.03 per diluted share) charge related to the partial write down of assets within the steel mills segment.
Nucor Corporation (Nucor) manufactures steel and steel products. The Company also produces direct reduced iron (DRI) for use in the Company’s steel mills. It also processes ferrous and nonferrous metals and brokers ferrous and nonferrous metals, pig iron, hot briquetted iron (HBI) and DRI. Nucor operates in three segments: steel mills, steel products and raw materials.
NetApp Inc. (NASDAQ:NTAP)’s shares dropped -0.71% to $29.49.
NetApp CEO George Kurian, together with select leaders in Silicon Valley, will join Prime Minister of India Narendra Modi for dinner and a negotiation focused on India’s business and technology sectors. NetApp, through technology, incremental monetary investments, and corporate social responsibility programs, is proposing to support several Indian government initiatives, counting but not limited to:
- Digital India: States across India presently have separate cloud architectures. Through the Indian government’s Digital India campaign, data needs to be shared and managed across clouds, which results in the need for data portability and seamless delivery of data. The Data Fabric, NetApp’s vision for the future of data administration, offers a solution capable of managing, moving, and protecting all the data across the hybrid cloud.
- Digital Locker: Part of the Digital India campaign, Digital Locker aims to minimize the use of physical documents and enable sharing of e-documents across multiple agencies. NetApp values Digital Locker as another example of the Government of India’s vision to leverage technology for the benefit of its citizens.
NetApp, Inc. (NetApp) is engaged in providing software, systems and services to manage and store customer data. The Company offers a portfolio of products and services to a range of customer workloads across various data types and deployment models. Its data management solutions enable customers on-premises or in a public cloud resource to control, integrate, move and manage it. It offers both all-flash arrays and hybrid flash arrays and its portfolio includes hybrid and all-flash storage offerings.
At the end of Thursday’s trade, Avis Budget Group Inc. (NASDAQ:CAR)‘s shares surged 3.61% to $44.23.
Avis Budget Group declared that David B. Wyshner, Senior Executive Vice President and Chief Financial Officer, will present at the forthcoming Deutsche Bank Leveraged Finance Conference on September 29, 2015 at 1:00 p.m. Eastern time.
Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis is a rental car supplier and Budget is a rental vehicle supplier. The Company also own Payless, a car rental brand and Apex, which is a car rental brand in New Zealand and Australia.
Discovery Communications Inc. (NASDAQ:DISCA), ended its Thursday’s trading session with -0.07% loss, and closed at $27.65.
According to the latest information the short interest in Discovery Communications, Inc. – Series A Common Stock plummeted by 0.9% or 175,048 shares. The final shorts are 13.9% of the total floated shares. The positions dropped from 20,425,848 shares on August 31,2015 to 20,250,800 on September 15,2015. According to the per-day average trading of 3,015,671 shares, the days to cover are 7. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on September 24th.
Discovery Communications, Inc. (Discovery) is a media company. The Company provides content across multiple distribution platforms, including pay-TV, free-to-air and broadcast television, Websites, digital distribution arrangements and content licensing agreements.
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