On Friday, Shares of Verizon Communications Inc. (NYSE:VZ), lost -0.36% to $49.79.
Customers in the most remote corners of the nation this week are celebrating the fifth anniversary of Verizon’s LTE In Rural America (LRA) program, which delivers advanced high-speed wireless technology to even the smallest towns and rural counties.
The LRA program, introduced in May 2010, now covers about 2.6 million people in areas totaling more than 100,000 square miles, from rugged stretches of Alaska to rustic areas of Kentucky and myriad sparsely-populated areas in thirteen other states.
Presently, 21 rural wireless carriers take part in the program. Verizon provides technical support and resources to assist a rural wireless company build out its own 4G LTE network. The program extends the footprint of 4G LTE coverage for both the rural carrier and Verizon, as customers can take advantage of both networks.
Recently, through the LRA program, dozens of smartphones and several of the latest tablets are certified to run on the 4G LTE networks, allowing customers to upload and download large files, stream video, access the internet, play online games and more at fast 4G LTE speeds.
Verizon Communications Inc., through its auxiliaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies worldwide.
Shares of Patterson-UTI Energy Inc. (NASDAQ:PTEN), declined -0.48% to $20.89, during its last trading session.
Patterson-UTI Energy, declared that it will make a presentation on May 19, 2015 at the UBS Global Oil and Gas Conference. Representing the Company at the conference will be Andy Hendricks, Chief Executive Officer.
Patterson-UTI Energy, Inc., through its auxiliaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas.
At the end of Friday’s trade, Shares of V.F. Corporation (NYSE:VFC), gained 0.96% to $71.26.
V.F. Corporation, stated financial results for its first quarter ended April 4, 2015. All per share amounts are presented on a diluted basis. This release refers to “currency neutral” and “stated” amounts, terms that are described under the “Currency Neutral – Not taking into account the Impact of Foreign Currency” paragraph. Reconciliations of GAAP measures to currency neutral amounts are presented in the supplemental financial information comprised of with this release, which identifies and quantifies all excluded items. Unless otherwise noted, currency neutral and stated amounts are the same.
First Quarter 2015 Highlights
- Revenues rose 8 percent on a currency neutral basis counting growth in our Outdoor & Action Sports, Jeanswear, Imagewear and Sportswear coalitions, and our international and direct-to-consumer businesses. On a stated basis, revenues raised 2 percent over the 2014 quarter.
- Gross margin was 49.0 percent on a stated basis, down 40 basis points contrast with the same quarter last year and in line with our expectations. Continued benefit from the shift of our revenue mix toward higher margin businesses was more than offset by the impact of foreign currency. The company continues to expect a 70 basis point improvement for the full year to reach 49.5 percent on a currency neutral basis (49.2 percent stated).
- Operating income on a stated basis was down 1 percent to $398 million contrast with the same period of 2014. Operating margin on a stated basis declined 50 basis points to 14.0 percent, which comprises a 70 basis point headwind from changes in foreign currency rates.
- Earnings per share were up 13 percent on a currency neutral basis and were flat on a stated basis contrast with last year’s same period.
V.F. Corporation designs, manufactures, markets, and distributes branded lifestyle apparel, footwear, and accessories in the United States and Europe. The company offers outdoor apparel, footwear and equipment, youth culture/action sports-inspired footwear, handbags, luggage, backpacks, totes, accessories, merino wool socks, women’s activewear, and travel accessories under the The North Face, Vans, Timberland, Kipling, Napapijri, Jansport, Reef, Smartwool, Eastpak, lucy, and Eagle Creek brands.
Finally, Cheetah Mobile Inc. (NYSE:CMCM), ended its last trade with 5.82% gain, and closed at $30.53, hitting its highest level.
Cheetah Mobile, declared that it plans to release its first quarter 2015 financial results on Tuesday, May 19, 2015 before market opens. The Company will hold a conference call on Tuesday, May 19, 2015 at 8:00 am Eastern Time or 8:00 pm Beijing Time to talk about the financial results.
Cheetah Mobile Inc. operates a platform that offer mobile and PC applications for users and global content distribution channels for business partners in China. The companys suite of applications optimizes mobile and PC Internet system performance and provides real time protection against known and unknown security threats. Its mobile and PC applications for users comprise Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.
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