On Wednesday, Shares of Transocean Ltd. (NYSE:RIG), gained 0.98% to $12.34, hitting its lowest level.
Transocean stated net income attributable to controlling interest of $342 million, $0.93 per diluted share, for the three months ended June 30, 2015. Second quarter 2015 results comprised of net unfavorable items of $66 million, $0.18 per diluted share, as follows:
- $653 million, $1.79 per diluted share, associated with an impairment of the Midwater Floater asset group due primarily to the deterioration of the market outlook for this rig class;
- $144 million, $0.39 per diluted share, primarily related to impairment of assets held for sale; and
- $11 million, $0.03 per diluted share, in costs related to one-time termination benefits.
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
Shares of Windstream Holdings, Inc. (NASDAQ:WIN), inclined 2.37% to $5.18, during its last trading session.
Windstream Holdings stated second-quarter results highlighted by improving financial trends and the declaration of a share repurchase program.
Share Repurchase Program
Recently Windstream declared a share repurchase program of up to $75 million, which is predictable to be accomplished by December 31, 2016. Windstream will buy back shares opportunistically through open market purchases funded primarily by cash from operations.
“In order to create value for our shareholders, the board of directors has authorized a share repurchase program of up to $75 million,” Thomas added. “Windstream stock is significantly undervalued and a share buyback is an attractive investment and an efficient way to return capital to shareholders.”
In addition, the board of directors declared the regular quarterly dividend of 15-cents per share to shareholders of record as of Sept 30, 2015.
Windstream Holdings, Inc. provides communications and technology solutions in the United States. It offers managed services and cloud computing services to businesses, in addition to broadband, voice, and video services to consumers primarily in rural markets.
Finally, Tenet Healthcare Corp. (NYSE:THC), ended its last trade with -4.35% loss, and closed at $55.
Tenet Healthcare Corporation stated Adjusted EBITDA of $568 million for the second quarter of 2015, an enhance of $108 million, or 23.5 percent, contrast to $460 million in the second quarter of 2014. The results for the second quarter of 2015 comprised of $16 million of Adjusted EBITDA generated by United Surgical Partners International (USPI) and Aspen Healthcare, which were attained by Tenet on June 16, 2015.
“This was another strong quarter for Tenet with EBITDA that exceeded our expectations,” said Trevor Fetter, chairman and chief executive officer. “We continued to focus on aggressive implementation of our strategy to improve care delivery and more closely align our business with key trends shaping the healthcare system. In our hospital business, we made progress on multiple planned partnerships that will assist us achieve leadership positions in our markets, in addition to plans to divest facilities. We also accomplished our joint venture with USPI, which makes us the leader in the fast-growing ambulatory surgery sector. We continue to position Tenet as a partner of choice for not-for-profit health systems, and we remain incredibly optimistic about the many opportunities to grow with new and existing partners through our acute care business, USPI and Conifer.”
Tenet Healthcare Corporation, a healthcare services company, primarily operates acute care hospitals and related healthcare facilities in the United States. It operates through two segments, Hospital Operations and Other, and Conifer.
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