On Tuesday, Shares of Verizon Communications Inc. (NYSE:VZ), lost -2.35% to $46.97.
Verizon Communications, declared double-digit percentage growth in year-over-year quarterly earnings on an adjusted basis (non-GAAP) and continued strong cash flows.
“Verizon has delivered another quarter of strong financial and operational results, based on consistent network reliability and superior value that continues to attract new customers,” said Chairman and CEO Lowell McAdam. “In the second quarter, we again balanced quality Verizon Wireless connections growth with low churn and profitability, and we declared and accomplished our acquisition of AOL. We’re now poised to offer customers exciting new over-the-top (OTT) mobile video services, and we look forward to a very positive second half of 2015.”
The company stated $1.04 in EPS in second-quarter 2015, contrast with $1.01 per share in second-quarter 2014.
There were no non-operational adjustments to second-quarter 2015 per-share results; second-quarter-2014 results comprised of a 10-cent-per-share non-operational gain related to the sale of spectrum licenses.
Second-quarter 2015 earnings of $1.04 per share compares with 91 cents per share in adjusted EPS (non-GAAP) in second-quarter 2014 – an enhance of 14.3 percent.
Verizon Communications Inc., through its auxiliaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.
Shares of Exact Sciences Corporation (NASDAQ:EXAS), declined -6.96% to $25.15, during its last trading session.
Exact Sciences Corporation, declared that Jefferies LLC and Robert W. Baird & Co. Incorporated, the underwriters of the Company’s formerly declared public offering of 7,000,000 shares of common stock, are reoffering the shares to the public at an initial price of $25.50 per share. The Company has also granted the underwriters an option to purchase up to 1,050,000 of additional shares. The offering is predictable to close on or about July 24, 2015, subject to customary closing conditions.
The Company intends to use the net proceeds of this offering to fund expansion of Cologuard® commercialization activities, to fund product development efforts, and for general corporate and working capital purposes.
Exact Sciences Corporation, a molecular diagnostics company, focuses on developing non-invasive colorectal cancer screening products. The company develops the Cologuard, a non-invasive stool-based DNA colorectal cancer screening test that is designed to detect pre-cancerous lesions or polyps, and each of the four stages of colorectal cancer.
Finally, Ascena Retail Group Inc. (NASDAQ:ASNA), ended its last trade with -1.26% loss, and closed at $13.27.
On July 10, Ascena Retail Group declared that it has updated its financial outlook for the quarter and fiscal year ending July 25, 2015 primarily to reflect its recent decision to accelerate its planned merchandise transition at Justice and to incorporate lower than predictable top-line performance at Justice and dressbarn. Separately, the Company also declared that in the fourth quarter it anticipates to take a non-cash, pre-tax goodwill and intangible asset impairment charge in the range of $275 million to $325 million related to Lane Bryant, and a pre-tax charge of about $50 million to establish a reserve for the future settlement of the formerly revealed Justice class action litigation.
Subject to completion of the Company’s fourth quarter close and audit of its fiscal year 2015 financial statements, the Company now anticipates full-year adjusted EBITDA from ongoing operations in the range of $365 million to $375 million, and full-year adjusted earnings per diluted share from ongoing operations in the range of $0.57 to $0.60 as contrast to its preceding expectation of $0.70 to $0.75 per share. These ranges exclude the above-mentioned charges for the goodwill and intangible asset impairment and the litigation reserve.
Ascena Retail Group, Inc., through its auxiliaries, operates as a specialty retailer of apparel for women, and tween girls and boys. It operates through five segments: Justice, Lane Bryant, maurices, dressbarn, and Catherines segments.
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