On Wednesday, Shares of Marathon Oil Corporation (NYSE:MRO), lost -3.51% to $19.79, hitting its lowest level.
Marathon Oil Corporation stated a second quarter 2015 adjusted net loss of $155 million, or $0.23 per diluted share, not taking into account the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect comparability of results. The stated net loss was $386 million, or $0.57 per diluted share.
Quarter Highlights
- Second quarter capital program at approx. $680 million, down 40% from first quarter; full-year capital program at or below $3.3 billion
- Total Company net production from ongoing operations (not taking into account Libya) averaged 407,000 net boed, up 6% over the year-ago quarter; U.S. resource play net production of 220,000 net boed up nearly 30% over year-ago quarter
- Reaffirming total Company and U.S. resource play production growth rates of 5-7% and 20%, respectively, year over year
- Reduced North America E&P production costs per boe more than 30% below year-ago quarter; adjusting full-year guidance down $1.25 per boe
- Raised captured savings from U.S. unconventional drilling and completions (D&C) costs by an additional $50 million to greater than $300 million
- Top-performing Eagle Ford rig drilled two wells achieving an average of 3,100 feet per day
- Best three-horizon “stack-and-frac” in Eagle Ford achieved 30-day IP rates of 1,400-1,650 gross boed; Bakken Three Forks second bench well delivered 30-day IP rate of 1,226 gross boed
- Recorded 96% average operational availability for Company-operated assets
- Progressing non-core asset sales with signed agreement for about $100 million.
Marathon Oil Corporation is an energy company based in Houston, Texas, with operations in North America, Europe and Africa.
Shares of Kate Spade & Company (NYSE:KATE), inclined 3.77% to $21.48, during its last trading session.
Kate Spade & Company declared results for the second quarter ended July 4, 2015.
Net sales for the second quarter of 2015, not taking into account sales for wind-down operations, were $273 million, an enhance of $46 million, or 20.1% contrast to the second quarter of 2014, adjusting 2014 net sales for wind-down operations and not taking into account changes in foreign currency exchange rates and 2015 planned initiatives. Refer to the table entitled “Reconciliation of Non-GAAP Net Sales Information” for a reconciliation from GAAP results.
Stated net sales for the second quarter of 2015 were $281 million, an enhance of $15 million, or 5.7%, from the comparable 2014 period.
Kate Spade & Company, together with its auxiliaries, designs and markets apparel and accessories. The company operates in three segments: KATE SPADE North America, KATE SPADE International, and Adelington Design Group. It offers handbags, briefcases, small leather goods, fashion accessories, jewelry, fragrances, and apparel for men, women, and children.
Finally, Oclaro, Inc. (NASDAQ:OCLR), ended its last trade with 20.66% gain, and closed at $2.57.
Oclaro declared the financial results for its fourth quarter and fiscal year 2015, which ended June 27, 2015.
Results for the Fourth Quarter of Fiscal 2015
- Revenues were $82.2 million for the fourth quarter of fiscal 2015, contrast with revenues of $83.0 million in the third quarter of fiscal 2015.
- GAAP gross margin was 19.3% for the fourth quarter of fiscal 2015, contrast with a GAAP gross margin of 15.3% in the third quarter of fiscal 2015.
- Non-GAAP gross margin was 19.9% for the fourth quarter of fiscal 2015, contrast with a non-GAAP gross margin of 15.8% in the third quarter of fiscal 2015.
- GAAP operating loss was $8.4 million for the fourth quarter of fiscal 2015. This compares with a GAAP operating loss of $13.4 million for the third quarter of fiscal 2015.
Oclaro, Inc. designs, manufactures, and markets lasers and optical components, modules, and subsystems for the optical communications, industrial, and consumer laser markets worldwide. The company’s products generate, detect, combine, and separate light signals in telecom networks.
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