On Monday, Shares of AT&T, Inc. (NYSE:T), lost -0.23% to $34.66, despite new owner of DirecTV, offers TV-wireless discount.
AT&T customers will save $10 a month and get a single bill for their TV and wireless services under a new package the company is offering after its $48.5 billion purchase of satellite TV company DirecTV 10 days ago, according to AP.
Under the new package, customers will get a single number to call for customer service. And employees at AT&T stores will be able to set up customers’ phones so they can start watching TV through apps right away, even before service is installed in the living room. But the content on phones — a subset of what’s accessible on regular TVs — won’t differ from what DirecTV customers have already been able to get on their apps. AP Reports
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.
Shares of Gilead Sciences Inc. (NASDAQ:GILD), inclined 1.48% to $119.60, during its last trading session.
Gilead Sciences declared its results of operations for the second quarter ended June 30, 2015. The financial results that follow represent a year over year comparison of second quarter 2015 to the second quarter 2014. Total revenues were $8.2 billion in 2015 contrast to $6.5 billion in 2014. Net income was $4.5 billion or $2.92 per diluted share in 2015 contrast to $3.7 billion or $2.20 per diluted share in 2014. Non-GAAP net income, which excludes amounts related to acquisition, restructuring, stock-based compensation and other, was $4.8 billion or $3.15 per diluted share in 2015 contrast to $3.9 billion or $2.36 per diluted share in 2014.
Product Sales
Total product sales for the second quarter of 2015 were $8.1 billion contrast to $6.4 billion for the second quarter of 2014. Product sales in the U.S. were $5.6 billion contrast to $4.8 billion for the second quarter of 2014. In Europe, product sales were $2.0 billion contrast to $1.3 billion for the same period in 2014.
Gilead Sciences, Inc., a biopharmaceutical company, discovers, develops, and commercializes medicines in areas of unmet medical need in North America, South America, Europe, and the Asia-Pacific.
Finally, Patterson-UTI Energy Inc. (NASDAQ:PTEN), ended its last trade with 0.45% gain, and closed at $16.56.
Patterson-UTI Energy stated financial results for the three and six months ended June 30, 2015. The Company stated a net loss of $19.0 million, or $0.13 per share, for the second quarter of 2015, contrast to net income of $54.3 million, or $0.37 per share, for the quarter ended June 30, 2014. Revenues for the second quarter of 2015 were $473 million, contrast to $757 million for the second quarter of 2014.
Andy Hendricks, Patterson-UTI’s Chief Executive Officer, stated, “Market conditions were difficult during the second quarter as the rapid decline in the industry rig count created many challenges. We managed through these challenges with a focus on scaling our business and reducing our cost structure. I am happy with our ongoing cost cutting efforts in contract drilling, and especially within our pressure pumping segment where cost reductions resulted in better than predictable margins.”
Mr. Hendricks added, “During the second quarter, our rig count averaged 122 rigs in the United States and two rigs in Canada, contrast to the first quarter average of 165 rigs in the United States and eight in Canada. The rig count appears to be stabilizing in the United States, and as such we expect our average rig count in July will be consistent with our second quarter exit rate of 110 rigs in the United States. In Canada, we expect our average rig count in July will enhance to three rigs, which represents a limited seasonal recovery.
Patterson-UTI Energy, Inc., through its auxiliaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas.
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