On Friday, Shares of Seadrill Ltd (NYSE:SDRL), lost -2.48% to $7.08.
Seadrill Limited, has settled a Total Return Swap agreement (TRS) expired on September 3, 2015 with 4,000,000 common shares in Seadrill Limited as underlying security. Seadrill has subsequently reached a new TRS agreement with exposure to 4,000,000 Seadrill Limited common shares. The expiry date for the new TRS is December 3, 2015 and the reference price is NOK62.80222 per share.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments.
Shares of J M Smucker Co (NYSE:SJM), declined -1.07% to $115.63, during its last trading session.
The J. M. Smucker Company, declared results for the first quarter ended July 31, 2015, of its 2016 fiscal year. All comparisons are to the first quarter of the preceding fiscal year, unless otherwise noted.
EXECUTIVE SUMMARY
- Net sales raised $628.2 million, or 47 percent, reflecting the contribution of Big Heart Pet Brands, attained in fiscal 2015, and the Company’s U.S. retail launch of Dunkin’ Donuts K-Cup pods during the quarter.
- Net income per diluted share was in line with the preceding year, as the benefit from Big Heart operations was offset by higher interest expense and the impact of additional shares outstanding.
- Non-GAAP income per diluted share was $1.32, a decrease of 1 percent.
- Adjusted non-GAAP income per diluted share, which excludes amortization, was $1.60, an improvement of 7 percent.
- The Company maintained its fiscal 2016 earnings outlook with non-GAAP income per diluted share predictable to range from $5.65 to $5.80, and adjusted non-GAAP income per diluted share predictable to range from $6.80 to $6.95.
- The Company reconfirmed its synergy target related to the Big Heart acquisition of $200 million by the end of fiscal 2018.
The J. M. Smucker Company manufactures and markets branded food products worldwide. It operates through four segments: U.S. Retail Coffee; U.S. Retail Consumer Foods; U.S. Retail Pet Foods; and International, Foodservice, and Natural Foods.
Finally, Hormel Foods Corp (NYSE:HRL), ended its last trade with -0.83% loss, and closed at $60.67.
Hormel Foods Corporation, declared that Jeffrey M. Ettinger, chairman of the board, president and chief executive officer, and Glenn R. Leitch, group vice president; president, Jennie-O Turkey Store, Inc., will present at 10:30 a.m. ET on Thursday, Sept. 10, 2015, during the Barclays Global Consumer Staples Conference in Boston, Mass.
Hormel Foods Corporation produces and markets various meat and food products worldwide. The company operates in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, and International & Other. I
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
