On Wednesday, Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD), lost -1.38% to $10.02.
Brocade Communications Systems, planned to report its financial results for its third quarter 2015 on Thursday, August 20 following the close of the market. The earnings declaration in addition to the prepared materials for the conference call will be accessible shortly after 1 p.m. PT (4 p.m. ET) at www.brcd.com and will be furnished to the SEC on form 8-K.
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments.
Shares of Methanex Corporation (USA) (NASDAQ:MEOH), declined -1.73% to $44.82, during its last trading session.
For the second quarter of 2015, Methanex, stated Adjusted EBITDA of $129 million and Adjusted net income of $51 million ($0.56 per share on a diluted basis). This compares with Adjusted EBITDA of $97 million and Adjusted net income of $21 million ($0.23 per share on a diluted basis) for the first quarter of 2015. Net income attributable to Methanex shareholders was $104 million in the second quarter contrast to $9 million in the first quarter of 2015.
John Floren, President and CEO of Methanex commented, “Our second quarter Adjusted net income reflects higher average realized methanol pricing contrast to the first quarter of 2015. Prices raised as the margins for most methanol energy applications improved relative to the first quarter, in alignment with higher oil and related product prices. These energy applications, especially methanol-to-olefins, have continued to drive growth in demand for our product. The higher average realized pricing in Q2 was partially offset by lower produced product sales volume relative to the first quarter. Net income attributable to Methanex shareholders of $104 million in the second quarter of 2015 comprises a $57 million after tax gain related to the termination of a terminal services agreement.”
“We returned over $85 million to shareholders in the second quarter of 2015 in the form of dividends and share repurchases. With cash on hand, an undrawn credit facility, robust balance sheet, and strong future cash flow generation capability, we are well positioned to meet our financial commitments, invest to grow the Company and return excess cash to shareholders.”
Methanex Corporation produces and supplies methanol in the Asia Pacific, North America, Europe, and South America. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.
Finally, Barnes & Noble, Inc. (NYSE:BKS), ended its last trade with -0.47% loss, and closed at $17.11.
Barnes & Noble, declared that it was named the number 1 retailer in a Tenet Partners study of the Top 20 Most powerful “back-to-school” retail brands. Tenet Partners is a leading brand innovation and marketing firm, and its annual study of about 10,000 consumers and business decision-makers found that Barnes & Noble has the highest familiarity (degree of awareness) and favorability (positive perception) scores among leading back-to-school retailers. Barnes & Noble offers a broad assortment of products that are perfect for students of all ages at its nearly 650 stores nationwide, in addition to online at BN.com.
“Barnes & Noble is proud to be named the number 1 retailer for back-to-school shopping and we believe it’s a reflection on our unique offering of products for students of all ages,” said Jaime Carey, Chief Operating Officer at Barnes & Noble. “From books, to science and math products, to school supplies and so much more, no other retailer can match the carefully curated selection that Barnes & Noble offers customers during the back-to-school season, and throughout the year.”
Barnes & Noble, Inc. retails books, textbooks, magazines, newspapers, and other contents in the United States. It sells trade books, counting hardcover and paperback consumer titles; mass market paperbacks, such as mystery, romance, science fiction, and other fiction; children’s books; eBooks and other digital content; textbooks and course-related materials; NOOK and related accessories; bargain books; gifts; emblematic apparel and gifts; school and dorm supplies; café products and services; educational toys and games; and music and movies.
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