On Wednesday, Shares of SunEdison, Inc. (NYSE:SUNE), gained 1.87% to $22.87.
SunEdison declared financial results for the 2015 second quarter.
Quarterly Review:
SunEdison Devco: Unmatched Organic Execution
- Record 404 MW delivered Q2 vs. guidance of 300-340 MW; up 186 MW year-over-year
- 9 GW of projects under construction, up 1.1 GW quarter-over-quarter
- 1 GW Pipeline and 5.6 GW Backlog, 1.0 GW of gross pipeline additions
- 2 GW - 4.5 GW 2016 guidance initiated, up 50 percent vs. preceding outlook
TerraForm Power: Delivering World Class Execution and Growth
- $65 million Q2 cash accessible for distribution, $0.335 DPS
- $1.35 2015 DPS guidance on track, up 50 percent since IPO
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials.
Shares of InvenSense, Inc. (NYSE:INVN), declined -9.02% to $11.70, during its last trading session, hitting its lowest level.
InvenSense declared results for its first quarter of fiscal year 2016, ended June 28, 2015.
Net revenue for the first quarter of fiscal 2016 was $106.3 million, up 7 percent from $99.3 million for the fourth quarter of fiscal 2015, and up 59 percent from $66.7 million for the first quarter of fiscal 2015.
Gross margin determined in accordance with U.S. generally accepted accounting principles (GAAP) was 42 percent for the first quarter of fiscal 2016, slightly down from 43 percent for the fourth quarter of fiscal 2015. GAAP gross margin for first quarter of fiscal 2016 comprised of stock-based compensation and related payroll taxes, and amortization of acquisition intangibles. Not taking into account these items, non-GAAP gross margin was 45 percent for the first quarter of fiscal 2016, slightly down from 46 percent for the fourth quarter of fiscal 2015.
InvenSense, Inc. designs, develops, markets, and sells micro-electro-mechanical system (MEMS) gyroscopes for motion tracking devices in consumer electronics.
Finally, ONEOK Inc. (NYSE:OKE), ended its last trade with -2.44% loss, and closed at $34.82, hitting its lowest level.
ONEOK declared second-quarter 2015 financial results.
SECOND-QUARTER AND YEAR-TO-DATE 2015 FINANCIAL PERFORMANCE
Second-quarter 2015 results raised, contrast with the second quarter 2014, due primarily to higher natural gas and natural gas liquids volumes at ONEOK Partners (OKS).
Variances in financial performance in the first six months of 2015, contrast with the same period in 2014, are primarily a reflection of significantly higher weather-related seasonal demand in the Midwest, resulting in higher prices for propane and natural gas, due to severely cold weather during the first quarter 2014 and sustained lower commodity prices through the first half of 2015.
Enhances in second-quarter 2015 operating income reflect:
- Higher NGL exchange-services volumes from recently connected natural gas processing plants in the Williston Basin, Powder River Basin and Mid-Continent regions, and additional revenues from minimum volume obligations;
- Higher NGL transportation margins, primarily from the acquisition of the West Texas LPG pipeline system; and
- Higher margins due to changes in contract mix and higher natural gas volumes gathered, processed and sold, and higher NGL volumes sold, in the natural gas gathering and processing segment; offset partially by
- Lower net realized NGL, natural gas and condensate prices.
ONEOK, Inc., through its general partner interests in ONEOK Partners, L.P., engages in the gathering, processing, storage, and transportation of natural gas in the United States.
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