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Friday 21 August 2015
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Trending Losers - RSP Permian, (NYSE:RSPP), Wisconsin Energy, (NYSE:WEC), Globalstar, (NYSEMKT:GSAT), Palo Alto Networks, (NYSE:PANW)

On Tuesday, Shares of RSP Permian, Inc. (NYSE:RSPP), loss -3.82% to $27.96.

RSP Permian, declared that it will release its first quarter 2015 results after the New York Stock Exchange closes on Tuesday, May 12, 2015. In connection with the earnings release, RSP will host a conference call and webcast for investors on Wednesday, May 13, 2015 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) to talk about the Company’s results for the quarter. Hosting the call will be Steve Gray, Chief Executive Officer, Zane Arrott, Chief Operating Officer and Scott McNeill, Chief Financial Officer.

RSP Permian, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas.

Shares of Wisconsin Energy Corp. (NYSE:WEC), declined -3.77% to $47.97, during its last trading session.

Wisconsin Energy Corporation, stated net income of $195.8 million or 86 cents a share for the first quarter of 2015. This compares to net income of $207.6 million or 91 cents a share for the first quarter of 2014.

Costs related to the acquisition of Integrys Energy reduced earnings by 4 cents a share in the most recent quarter. Not taking into account the effect of this item, adjusted earnings for the first quarter of 2015 were 90 cents a share.

First quarter 2015 revenues totaled $1.39 billion. Revenues were $1.70 billion in the first quarter of 2014 – driven by the polar vortex and higher spot market prices for natural gas.

“While this winter was colder than normal, we did not experience the extreme conditions that persisted throughout the winter months last year,” said Gale Klappa, chairman and chief executive officer. “However, the second month of this year was actually colder than February of 2014, and we delivered more natural gas to our retail customers this February than during any other February in history – surpassing the previous record by 5.5 percent.

“Overall, the quarter was marked by high reliability and effective cost controls. In addition, we continued to see an uptick in customer growth, particularly in our natural gas distribution business,” Klappa said.

Wisconsin Energy Corporation, through its auxiliaries, generates and distributes electric energy. The company operates in two segments, Utility Energy and Non-Utility Energy. It generates electricity from coal, natural gas, oil, hydroelectric, wind, and biomass.

At the end of Tuesday’s trade, Shares of Globalstar Inc. (NYSEMKT:GSAT), dipped -3.77% to $2.30.

Globalstar, will declare its first quarter 2015 financial results on Thursday, May 7, 2015 after the market’s close. The Company will conduct an earnings conference call that evening at 5:00 p.m. Eastern Time to talk about first quarter 2015 results.

Globalstar, Inc. provides mobile voice and data communications services through satellite worldwide. The company offers duplex two-way voice and data products, counting mobile voice and data satellite communications services and equipment for remote business continuity, recreational, emergency response, and other applications; fixed voice and data satellite communications services and equipment in rural villages, ships, industrial and commercial sites, and residential sites; and satellite data modem services comprising asynchronous and packet data services.

Finally, Palo Alto Networks, Inc. (NYSE:PANW), ended its last trade with -3.76% loss, and closed at $147.03.

Palo Alto Networks, declared that it will release its financial results for its third quarter of fiscal year 2015 ended April 30, 2015 after U.S. markets close on Wednesday, May 27, 2015. Palo Alto Networks will host a conference call that day at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to talk about the results.

Palo Alto Networks, Inc. provides enterprise security platform to enterprises, service providers, and government entities worldwide. Its platform comprises Next-Generation Firewall that delivers application, user, and content visibility and control, in addition to protection against network-based cyber threats; and Threat Intelligence Cloud that offers central intelligence capabilities, in addition to automated delivery of preventative measures against cyber attacks.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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