On Wednesday, Shares of Ford Motor Co. (NYSE:F), lost -1.29% to $15.30.
On Wednesday, June 3, Bernard Silverstone, Ford Motor Company group vice president and Ford Motor Credit Company chairman and chief executive officer, will take part in the Deutsche Bank Global Industrials and Basic Materials Conference in Chicago. The presentation will start at 3:20 p.m. EDT. A question-and-answer session will be comprised of in the 35-minute presentation.
Ford Motor Company manufactures and distributes automobiles worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector develops, manufactures, distributes, and services vehicles, parts, and accessories.
Shares of Groupon, Inc. (NASDAQ:GRPN), declined -1.36% to $6.54, during its last trading session.
On May 5, Groupon declared financial results for the quarter ended March 31, 2015.
First Quarter 2015 Summary
- Gross billings, which reflect the total dollar value of customer purchases of goods and services, raised to $1.6 billion in the first quarter 2015, contrast with $1.5 billion in the first quarter 2014. Gross billings grew 10% globally, not taking into account the unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter. On this F/X neutral basis, North America billings raised 14%, EMEA raised 7% and Rest of World declined 1%. Counting the $117.7 million unfavorable impact from foreign exchange, billings raised 2% contrast with first quarter 2014.
- Revenue raised to $750.4 million in the first quarter 2015, contrast with $728.4 million in the first quarter 2014. Revenue grew 10%, not taking into account the unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter. On this F/X neutral basis, North America revenue raised 11%, EMEA raised 13% and Rest of World declined 8%. Counting the $51.3 million unfavorable impact from foreign exchange, revenue raised 3% contrast with first quarter 2014.
- Gross profit was $347.4 million in the first quarter 2015, contrast with $365.5 million in the first quarter 2014. Not taking into account the $27.7 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, gross profit would have been $375.1 million.
- Adjusted EBITDA, a non-GAAP financial measure, was $72.4 million in the first quarter 2015, contrast with $45.8 million in the first quarter 2014, as lower gross profit was more than offset by lower operating expenses, both reflecting the impact of year-over-year changes in foreign exchange rates.
- Net loss attributable to common stockholders was $14.3 million, or $0.02 per share. Non-GAAP net earnings attributable to common stockholders was $21.3 million, or $0.03 per share.
- First quarter 2015 results comprised of $19.5 million of pre-tax non-operating foreign currency losses, $17.6 million of which was related to non-cash losses on intercompany balances.
- Operating cash flow for the trailing twelve months ended March 31, 2015 was $307.8 million. Free cash flow, a non-GAAP financial measure, was $22.4 million in the first quarter 2015, bringing free cash flow for the trailing twelve months ended March 31, 2015 to $222.0 million.
- At the end of the quarter, Groupon had $975.5 million in cash and cash equivalents.
Groupon, Inc. operates online local commerce marketplaces that connect merchants to consumers by offering goods and services at a discount worldwide. It also offers deals on products for which it acts as the merchant of record.
At the end of Wednesday’s trade, Shares of CVS Health Corporation (NYSE:CVS), lost -1.03% to $101.27.
CVS Health Corporation, is nearing a deal to buy pharmacy service provider Omnicare Inc (OCR.N) for more than $12 billion, according to two people familiar with the matter.
A deal between the two companies could be declared as early as Thursday, one of the people said. Reuters Reports.
CVS Health Corporation, together with its auxiliaries, provides integrated pharmacy health care services in the United States. The company operates through Pharmacy Services and Retail Pharmacy segments.
Finally, Duke Energy Corporation (NYSE:DUK), ended its last trade with 0.46% gain, and closed at $76.54.
Duke Energy Florida and the University of South Florida St. Petersburg (USFSP) recently unveiled a new solar battery project that will explore how to store and use energy from the sun. A $1 million grant from Duke Energy is funding the research at USFSP.
As part of the grant, a 100-kilowatt (kW) solar photovoltaic (PV) system has already been installed on the top of the university’s 5th Avenue South parking garage.
Solar energy that is not used by the garage for lights, elevators and electric-vehicle charging stations is stored in battery systems or put onto the electric grid for immediate use. High-resolution data is being collected on the PV installation and on the energy storage system which is displayed on an online dashboard and several kiosks on campus.
The new larger energy storage system operates in conjunction with two smaller existing USF energy storage systems. This creates an opportunity to build upon existing battery technology while advancing clean energy solutions.
USFSP has an existing 2.0-kW solar energy system located at its Central Facilities Plant that was constructed in partnership with Duke Energy and the USF Tampa School of Engineering. Additionally, a series of solar panels provides power for decorative lights on campus.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power.
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