On Monday, Shares of Frontier Communications Corporation (NASDAQ:FTR), gained 9.11% to $5.15.
Frontier Communications Corporation stated second quarter 2015 revenue of $1,368 million, operating income of $193 million and net loss of $28 million, or $0.03 per share. Not taking into account acquisition related interest expense of $73 million, acquisition and integration costs of $35 million and certain tax benefit items of $15 million (combined impact of $55 million, or $0.06 per share after tax), non-GAAP adjusted net income was $27 million, or $0.03 per share, for the second quarter of 2015, as determined by the Company in the attached Plan B.
Revenue for the second quarter of 2015 was $1,368 million, a decrease of $3 million, or 0.2%, from $1,371 million stated in the first quarter of 2015. In the second quarter, the $264 million in revenues attributable to our Connecticut operations were flat to those stated for the first quarter.
Customer revenue for the second quarter of 2015 of $1,236 million raised 0.3% from $1,233 million in the first quarter of 2015. For our legacy Frontier operations, the enhance in data services revenue exceeded the decline in voice services revenue. Total residential revenue was stable at $615 million for the second quarter of 2015, contrast to $617 million in the first quarter of 2015. Total business revenue was $621 million for the second quarter of 2015, contrast to $616 million in the first quarter of 2015, an enhance of 0.8%.
Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States.
Shares of Applied Materials, Inc. (NASDAQ:AMAT), declined -1.15% to $17.16, during its last trading session, hitting its lowest level.
Applied Materials will hold a webcast to talk about its third quarter of fiscal 2015 financial results, together with its business outlook, on Thursday, August 13, 2015, at 4:30 p.m. ET (1:30 p.m. PT).
Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, flat panel display, solar photovoltaic (PV), and related industries worldwide. The company’s Silicon Systems Group segment develops, manufactures, and sells a range of manufacturing equipment used to fabricate semiconductor chips or integrated circuits.
Finally, Merck & Co. Inc. (NYSE:MRK), ended its last trade with 0.15% gain, and closed at $59.05.
Guinea will inoculate all people who have come into contact with new cases of Ebola after successful trials of a vaccine developed by Merck & Co., the head of the campaign against the virus said, according to Bloomberg.
Guinea’s government, the World Health Organization and the medical charity Doctors Without Borders began a series of trials of the VSV-EBOV vaccine in the West African nation on March 7, National Coordinator of the Fight against Ebola in Guinea Sakoba Keita told reporters Friday in the capital, Conakry. Bloomberg Reports
“The vaccine showed a 100 percent efficacy,” Keita said. “From recently, all the contacts will be vaccinated so as to stop the evolution of the virus.” Bloomberg added.
Merck & Co., Inc. provides health care solutions worldwide. The company offer therapeutic and preventive agents to treat cardiovascular, type 2 diabetes, asthma, nasal allergy symptoms, allergic rhinitis, chronic hepatitis C virus, HIV-1 infection, fungal infections, intra-abdominal infections, hypertension, arthritis and pain, inflammatory, osteoporosis, male pattern hair loss, and fertility diseases.
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