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Thursday 20 August 2015
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Latest Update

Active Stock’s News Report: Comcast Corporation (NASDAQ:CMCSA), The AES Corporation (NYSE:AES), Outfront Media Inc. (NYSE:OUT)

On Tuesday, Shares of Comcast Corporation (NASDAQ:CMCSA), lost -1.11% to $58.79.

The top 20 TV episodes on Xfinity On Demand that aired live or on Xfinity On Demand during the week of July 27 – August 2 were:

  1. Power (episode 8), STARZ
  2. I Am Cait (episode 2), E!
  3. Ballers (episode 7), HBO
  4. True Detective (episode 7), HBO
  5. Teen Mom 2 (episode 4), MTV
  6. Love & Hip Hop Atlanta (episode 13), VH1
  7. Bachelor in Paradise (season premiere), ABC
  8. Mr. Robot (episode 6), USA
  9. Zoo (episode 5), CBS
  10. The Last Ship (episode 8), TNT
  11. Dance Moms (episode 29), Lifetime
  12. Scream: The TV Series (episode 5), MTV
  13. Bring It! (episode 16), Lifetime
  14. Odd Mom Out (episode 9), Bravo
  15. Teen Wolf (episode 6), MTV
  16. The Real Housewives of Orange County (episode 8), Bravo
  17. The Bachelorette (season finale), ABC
  18. Suits (episode 6), USA
  19. Basketball Wives LA (episode 4), VH1
  20. Big Brother (episode 18), CBS.

 

Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand and also provides these services to businesses.

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name.

Shares of The AES Corporation (NYSE:AES), declined -2.60% to $12.35, during its last trading session.

The AES Corporation stated Adjusted Earnings Per Share (Adjusted EPS, a non-GAAP financial measure) of $0.25 for the second quarter of 2015, a decrease of $0.03 from second quarter 2014, mainly due to the timing of planned maintenance at certain businesses, a stronger US Dollar, lower demand and contracting strategy in Brazil, as well as the $0.02 net impact from the reversal of liabilities in Brazil and Europe. These negative impacts were largely offset by improved hydrology in Panama and Colombia, the Company’s capital allocations and a lower adjusted effective tax rate of 30% in 2015 as compared to 40% in 2014.

Second quarter 2015 Diluted Earnings Per Share from Ongoing Operations was $0.10, a decrease of $0.10 from second quarter 2014, largely driven by raised debt extinguishment expense of $0.11 primarily related to costs incurred to retire and refinance expensive near-term debt maturities.

Second quarter 2015 Proportional Free Cash Flow (a non-GAAP financial measure) was $62 million, an enhance of $15 million from second quarter 2014, primarily driven by lower Parent interest and improved working capital and hydrological conditions at the Company’s Mexico, Central America and the Caribbean Planned Business Unit (MCAC SBU). This was partially offset by a higher tax payment at Chivor in Colombia and unfavorable hydrological conditions at the Company’s generation business, Tiete, in Brazil.

The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries.

Finally, Outfront Media Inc. (NYSE:OUT), ended its last trade with 2.50% gain, and closed at $24.64.

OUTFRONT Media stated results for the quarter ended June 30, 2015.

Second Quarter 2015 Results

 

Merged: Stated revenues of $384.7 million raised $50.3 million, or 15.0%, for the second quarter of 2015 as contrast to the same preceding-year period. On an organic basis, revenues of $335.6 million for the second quarter of 2015 were up 2.8% contrast to the same preceding-year period.

Stated billboard revenues of $280.1 million raised $35.9 million, or 14.7%, due to acquisitions and raised revenues from digital, partially offset by foreign currency exchange losses. On an organic basis, billboard revenues were down 1.0% contrast to the second quarter of 2014 due to lower billboard results in the U.S.

Stated transit and other revenues of $104.6 million raised $14.4 million, or 16.0%, due to stronger market conditions in local and national advertising, in addition to acquisitions. On an organic basis, transit and other revenues raised 12.7% over the second quarter of 2014.

Total Operating expenses of $206.4 million grew $34.8 million, or 20.3%, primarily as a result of acquisitions and higher transit franchise expenses driven by higher transit revenues. Selling, General and Administrative expenses (“SG&A”) of $63.6 million grew $8.2 million, or 14.8% over the three months ended June 30, 2014, primarily as a result of acquisitions, a $2.2 million enhance in planned business development expenses, and $1.6 million of incremental stand-alone costs.

Stated Adjusted OIBDA of $119.1 million raised $8.8 million, or 8.0%.

OUTFRONT Media Inc. provides advertising space on out-of-home advertising structures and sites in the United States, Canada, and Latin America. Its portfolio primarily comprises of billboard displays, which are principally located on the heavily traveled highways and roadways; and transit advertising displays with multi-year contracts with municipalities in various cities across the United States.

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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 with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.




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