On Thursday, Shares of Hewlett-Packard Company (NYSE:HPQ), lost -1.41% to $27.35, hitting its lowest level.
Hewlett-Packard Company declared financial results for its fiscal 2015 third quarter ended July 31, 2015.
Third quarter net revenue of $25.3 billion was down 8% from the preceding-year period and down 2% on a constant currency basis.
Third quarter GAAP diluted net earnings per share (EPS) was $0.47, down from $0.52 in the preceding-year period and below its formerly offered outlook of $0.50 to $0.54. Third quarter non-GAAP diluted net EPS was $0.88, down from to $0.89 in the preceding-year period and above its formerly offered outlook of $0.83 to $0.87. Third quarter non-GAAP net earnings and non-GAAP diluted net EPS exclude after-tax costs of $750 million and $0.41 per diluted share, respectively, related to separation costs, the amortization of intangible assets, impairment of data center assets, defined benefit plan settlement charges, acquisition-related charges and restructuring charges.
Hewlett-Packard Company, together with its auxiliaries, provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), in addition to the government, health, and education sectors worldwide.
Shares of Brocade Communications Systems, Inc. (NASDAQ:BRCD), declined -3.19% to $9.72, during its last trading session.
Brocade Communications Systems stated financial results for its third fiscal quarter ended August 1, 2015. Brocade stated third quarter revenue of $552 million, up 1% year over year and up 1% sequentially. The Company stated GAAP diluted earnings per share (EPS) of $0.21, up from $0.20 in Q3 2014, and up from $0.18 in Q2 2015. Non-GAAP diluted EPS was $0.27 for Q3 2015, up from $0.23 in Q3 2014 and up from $0.22 in Q2 2015. Tax benefits recognized in Q3 2015 raised both GAAP and non-GAAP diluted EPS by about $0.02 in the quarter.
The Brocade Board of Directors has declared a quarterly cash dividend of $0.045 per share of the Company’s common stock. The dividend payment will be made on October 2, 2015 to stockholders of record at the close of market on September 10, 2015.
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.
Finally, Baker Hughes Incorporated (NYSE:BHI), ended its last trade with -5.05% loss, and closed at $51.36.
Baker Hughes Incorporated declared that the international rig count for July 2015 was 1,118, down 28 from the 1,146 counted in June 2015, and down 264 from the 1,382 counted in July 2014. The international offshore rig count for July 2015 was 264, down 13 from the 277 counted in June 2015, and down 72 from the 336 counted in July 2014.
The average U.S. rig count for July 2015 was 866, up 5 from the 861 counted in June 2015, and down 1,010 from the 1,876 counted in July 2014. The average Canadian rig count for July 2015 was 183, up 54 from the 129 counted in June 2015, and down 167 from the 350 counted in July 2014.
The worldwide rig count for July 2015 was 2,167, up 31 from the 2,136 counted in June 2015, and down 1,441 from the 3,608 counted in July 2014.
Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. The company offers drilling and evaluation products and services, which comprise drill bits for performance drilling, hole enlargement, and coring; conventional and rotary steerable systems used to drill wells; measurement-while-drilling and logging-while-drilling systems to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems; surface logging; emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
