On Tuesday, Zoetis Inc (NYSE:ZTS)’s shares declined -1.97% to $47.73.
Zoetis Inc. (ZTS) stated its financial results for the second quarter of 2015 and updated its full year 2015 guidance.
The company stated revenue of $1.2 billion for the second quarter of 2015, which raised 1% contrast to the second quarter of 2014. Revenue reflected an operational2 enhance of 11%, not taking into account the impact of foreign exchange.
The net loss for the second quarter of 2015 was $37 million, or $0.07 per diluted share, which comprises $263 million in pre-tax charges related to the company’s formerly declared comprehensive operational efficiency initiative. Adjusted net income1 for the second quarter of 2015 was $216 million, or $0.43 per diluted share, an enhance of 14% and 13%, respectively. Adjusted net income for the second quarter of 2015 excludes the net impact of $253 million, or $0.50 per diluted share, for purchase accounting adjustments, acquisition-related costs and certain noteworthy items. On an operational basis, adjusted net income for the second quarter of 2015 raised 20%, with foreign currency having a negative impact of 6 percentage points.
Zoetis Inc. engages in the discovery, development, manufacture, and commercialization of animal health medicines and vaccines for livestock and companion animals worldwide. The company operates through four segments: the United States; Europe/Africa/Middle East; Canada/Latin America; and Asia/Pacific. It offers anti-infectives that prevent, kill, or slow the growth of bacteria, fungi, or protozoa; vaccines that are biological preparations to prevent diseases of the respiratory, gastrointestinal, and reproductive tracts or induce a specific immune response; and parasiticides that prevent or eliminate external and internal parasites, such as fleas, ticks, and worms.
United Parcel Service, Inc. (NYSE:UPS)’s shares dropped -0.14% to $102.76.
The UPS (UPS) Board of Directors declared a regular quarterly dividend of $0.73 per share on all outstanding Class A and Class B shares.
The dividend is payable September 1, 2015, to shareowners of record on August 17, 2015.
United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.
At the end of Tuesday’s trade, Statoil ASA(ADR) (NYSE:STO)‘s shares dipped -1.13% to $15.79.
The nomination committee in Statoil (STO) recommends that the company’s corporate assembly elects Wenche Agerup as a new member of Statoil’s board of directors.
The nomination committee in Statoil recommends that Wenche Agerup is elected as new member of the board. Catherine Hughes withdrew from the Statoil board with effect from 19 April 2015. The nomination committee’s search for a new, female board member as a replacement for Hughes is now finalised, and the nomination committee proposes that a supplementary election to the board is held in the corporate assembly meeting 20 August 2015.
Statoil ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Processing and Renewable Energy; and Other segments.
Dover Corp (NYSE:DOV), ended its Tuesday’s trading session with -0.67% loss, and closed at $63.97.
The Board of Directors of Dover (DOV) raised its quarterly cash dividend to $0.42 (forty-two cents) per share, from the previous $0.40 (forty cents) per share, an enhance of $0.02 (two cents) or 5%. This is the 60th successive year in which the Company has raised its annual cash dividend. With this enhance, Dover has the third longest record of successive annual dividend enhances of listed companies, as stated by Mergent`s Dividend Achievers.
This raised dividend will be paid on September 15, 2015 to shareholders of record as of August 31, 2015.
Dover Corporation manufactures and sells a range of equipment and components, specialty systems, and support services in the United States. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of oil, natural gas liquids, and gas to drilling and production, bearings and compression, and automation end markets.
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