On Tuesday, Whirlpool Corporation (NYSE:WHR)’s shares declined -7.14% to $183.70.
Whirlpool Corporation (WHR) declared first-quarter GAAP net earnings of $191 million, or $2.38 per diluted share, contrast to $160 million, or $2.02 per diluted share, stated for the same preceding-year period. Ongoing business earnings per diluted share (1) totaled $2.14, contrast to $2.20 in the same preceding-year period. The benefit of cost and capacity-reduction initiatives, ongoing cost productivity and benefits from the acquisition integration activities were offset by unfavorable currency and a weakened demand environment in Brazil.
Whirlpool Corporation manufactures and markets home appliances and related products worldwide. The company’s principal products comprise laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other portable household appliances. It also produces hermetic compressors for refrigeration systems.
SUPERVALU INC. (SVU)‘s shares dropped -7.57% to $9.89.
SUPERVALU INC. (SVU) stated fourth quarter fiscal 2015 net sales of $4.36 billion and net earnings from ongoing operations of $36 million ($0.13 per diluted share).
Results for the fourth quarter of fiscal 2015 comprised of $30 million in after-tax debt refinancing, benefit plan and store closure costs and charges. When adjusted for these items, fourth quarter fiscal 2015 net earnings from ongoing operations were $66 million ($0.24 per diluted share) which comprised of an approximate $0.03 per diluted share benefit related to the additional week in fiscal 2015. Net earnings from ongoing operations for last year’s fourth quarter were $42 million ($0.15 per diluted share) and comprised of $8 million in after-tax net costs and charges primarily for employee severance and debt refinancing activities. When adjusted for these items, fourth quarter fiscal 2014 net earnings from ongoing operations were $50 million ($0.18 per diluted share). [See tables 1-5 for a reconciliation of GAAP and non-GAAP (adjusted) results appearing in this release.]
SUPERVALU INC., together with its auxiliaries, operates as a grocery wholesaler and retailer in the United States. It operates through three segments: Independent Business, Save-A-Lot, and Retail Food.
At the end of Tuesday’s trade, Molycorp Inc (NYSE:MCP)‘s shares dipped -6.35% to $0.862.
Molycorp Inc (MCP) to supply rare earth materials over the next 10 years from its Mountain Pass, California facility for incorporation into Siemens’ high-efficiency, direct drive wind turbine generators. Molycorp will supply rare earth materials to Shin-Etsu Chemical Co., Ltd., which will produce the rare earth magnets Siemens intends to utilize in its wind turbines.
Siemens officials noted that key factors in choosing Molycorp were Molycorp’s ability to provide greater global diversification and reliability to its supply chain, in addition to the environmental and process innovations Molycorp has built into its Mountain Pass rare earth facility. Among those innovations are the facility’s ability to recycle water, regenerate the chemical reagents needed in rare earth production, generate power from a high-efficiency natural gas cogeneration power plant, and dispose of mine tailings through an innovative paste tailings system.
Molycorp, Inc. produces and sells rare earths and rare metal materials in the United States and internationally. The company’s Resources segment extracts rare earth minerals, counting light rare earth concentrates; rare earth oxides (REO), such as lanthanum, cerium, and neodymium-praseodymium; heavy rare earth concentrates, which comprise samarium, europium, gadolinium, terbium, dysprosium, and others; and SorbX and PhosFIX, a line of rare earth-based water treatment products.
Bitauto Hldg Ltd (ADR) (NYSE:BITA), ended its Tuesday’s trading session with -7.56% loss, and closed at $59.91.
Bitauto Hldg Ltd (ADR) (BITA) declared that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2014 with the Securities and Exchange Commissioned on April 20, 2015.
The annual report can be accessed on Bitauto’s investor relations website at http://ir.bitauto.com/. Bitauto will provide hardcopies of the annual report containing its audited merged financial statements, free of charge, to its shareholders and ADS holders upon request.
Bitauto Holdings Limited provides Internet content and marketing services for the automotive industry in the People’s Republic of China. The company operates in four segments: bitauto.com Advertising Business, EP Platform Business, taoche.com Business, and Digital Marketing Solutions Business.
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