During Friday’s current trade, Shares of Freeport-McMoRan Inc. (NYSE:FCX), gained 4.24%, and is now trading at $20.92.
Freeport-McMoRan, declared:
- Net loss attributable to common stock totaled $2.5 billion, $2.38 per share, for first-quarter 2015, contrast with net income attributable to common stock of $510 million, $0.49 per share, for first-quarter 2014. After adjusting for net charges totaling $2.4 billion, $2.32 per share, primarily for the reduction of the carrying value of oil and gas properties and the related tax charge to establish a deferred tax valuation allowance, adjusted net loss attributable to common stock totaled $60 million, $0.06 per share, for first-quarter 2015.
- Merged sales totaled 960 million pounds of copper, 263 thousand ounces of gold, 23 million pounds of molybdenum and 12.5 million barrels of oil equivalents (MMBOE) for first-quarter 2015, contrast with 871 million pounds of copper, 187 thousand ounces of gold, 27 million pounds of molybdenum and 16.1 MMBOE for first-quarter 2014.
- Merged sales for the year 2015 are predictable to approximate 4.2 billion pounds of copper, 1.3 million ounces of gold, 95 million pounds of molybdenum and 52.3 MMBOE, counting 960 million pounds of copper, 300 thousand ounces of gold, 25 million pounds of molybdenum and 12.9 MMBOE for second-quarter 2015.
- Average realized prices were $2.72 per pound for copper, $1,186 per ounce for gold and $56.51 per barrel for oil (counting $11.97 per barrel for realized cash gains on derivative contracts) for first-quarter 2015.
- Merged unit net cash costs for first-quarter 2015 averaged $1.64 per pound of copper for mining operations and $20.26 per barrel of oil equivalents (BOE) for oil and gas operations.
- Operating cash flows totaled $717 million (net of $86 million in working capital uses and changes in other tax payments) for first-quarter 2015. Based on current sales volume and cost estimates and assuming average prices of $2.75 per pound for copper, $1,200 per ounce for gold, $8 per pound for molybdenum and $65 per barrel for Brent crude oil for the remainder of 2015, operating cash flows for the year 2015 are predictable to approximate $4.4 billion.
Freeport-McMoRan Inc., a natural resource company, engages in the acquisition of mineral assets, and oil and natural gas resources. It primarily explores for copper, gold, molybdenum, cobalt, silver, and other metals, in addition to oil and gas.
During morning trade, Shares of 3D Systems Corporation (NYSE:DDD), dropped -7.73%, and is now trading at $27.82.
3D Systems Corporation, declared that it anticipates its first quarter revenue to be in the range of $158 million to $160 million. The company anticipates to report a GAAP loss in the range of $0.13 per share to $0.15 per share and non-GAAP earnings in the range of $0.02 per share to $0.04 per share. The company anticipates to report that it ended the quarter with about $200 million of accessible cash.
These preliminary results are based on current expectations, subject to quarter-end closing adjustments, and actual results may differ.
The company believes that economic weaknesses attributable to several factors, counting the decline in the Euro and Yen relative to the U.S. Dollar and the aftershock of lower oil prices, caused the majority of its aerospace, automotive and healthcare customers to curb new printer purchases during the quarter and curtail their materials and service purchases. In addition, certain metal and nylon applications and performance issues delayed the company’s ability to sell additional printers during the quarter. The combined impact of these factors compressed the company’s predictable revenue growth for the quarter to 9% over the comparable quarter of 2014, or 17% at first quarter 2014 exchange rates. A stronger U.S. Dollar reduced total quarterly revenues by about $12 million at comparable Q1 2014 currency rates.
The company anticipates to report positive contributions from most of its revenue categories, counting software, services and consumer, over the comparable 2014 period. However, stronger consumer products performance that yielded a 169% consumer printer units enhance and continued direct metal demand that generated 46% metal printer units growth, were not enough to make up for the revenue shortfall from postponed industrial customers’ purchases.
3D Systems Corporation, through its auxiliaries, operates as a provider of 3D printing centric design-to-manufacturing solutions in the Americas, Germany, and the Asia-Pacific, in addition to other European, the Middle East, and African countries.
Shares of Infosys Ltd. (NYSE:INFY), during its Friday’s current trading session lost -7.15%, and is now trading at $32.41.
Today, Infosys declared merged results under International Financial Reporting Standards (IFRS) for the year and quarter ended March 31, 2015.
Year ended March 31, 2015
- Revenues were $ 8,711 million for the year ended March 31, 2015
- YoY growth was 7.1% in constant currency; 5.6% in stated terms
- Net profit was $ 2,013 million for the year ended March 31, 2015
- YoY growth was 15.0%
- Earnings per share (EPS) was $ 1.76 for the year ended March 31, 2015
- YoY growth was 15.0%.
Quarter ended March 31, 2015
- Revenues were $ 2,159 million for the quarter ended March 31, 2015
- YoY growth was 3.2%; QoQ growth was (2.6%) in stated terms, YoY growth was 7.8% in constant currency;
- Net profit was $ 498 million for the quarter ended March 31, 2015
- YoY growth was 2.3%; QoQ growth was (4.6%)
- Earnings per share (EPS) was $ 0.44 for the quarter ended March 31, 2015
- YoY growth was 2.3%; QoQ growth was (4.6%).
Infosys Limited provides business consulting, technology, engineering, and outsourcing services worldwide. Its solutions comprise business IT services comprising application development and maintenance, independent validation services, infrastructure administration, business process administration, and engineering services comprising of product engineering and life cycle solutions; and consulting and systems integration services, counting consulting, enterprise solutions, systems integration, and advanced technologies.
Finally, Alcoa Inc. (NYSE:AA), gained 0.49% Friday.
Alcoa, will host a live webcast of its 2015 Annual Meeting of Shareholders on Friday, May 1, 2015 starting at 9:30 a.m. EDT. Registration for the webcast is required. To register, go to www.alcoa.com/annualmeeting. Presentation materials will be accessible online.
Alcoa Inc. produces and manages primary aluminum, fabricated aluminum, and alumina worldwide. The company operates through four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions.
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.
