On Tuesday, in the course of afternoon trade, Shares of ArcelorMittal SA (ADR) (NYSE:MT), climbed 0.22%, and is now trading at $8.96.
ArcelorMittal, declared results for the three and six month periods ended June 30, 2015.
Highlights:
- Health and safety: LTIF rate of 0.68x in 2Q 2015, lower as contrast to 0.88x in 1Q 2015 and 0.87x in 2Q 2014
- EBITDA of $1.4 billion in 2Q 2015, stable as contrast to 1Q 2015[2]
- Net income of $0.2 billion in 2Q 2015 as contrast to a net loss of $0.7 billion in 1Q 2015
- Steel shipments of 22.2Mt in 2Q 2015, an enhance of 3.4% YoY
- 4Mt own iron ore production as contrast to 16.6Mt in 2Q 2014; 10.8Mt shipped and stated at market prices, an enhance of 2.7% as contrast to 10.5Mt in 2Q 2014
- Iron ore unit cash costs reduced by 14% YoY; FY 2015 cost reduction target at 15%
- Net debt of $16.6 billion as of June 30, 2015, stable as contrast to March 31, 2015 mainly due to positive free cash flow of $0.5 billion offset by negative forex ($0.2 billion) and dividends ($0.3 billion); Net debt lower by $0.9 billion YoY
ArcelorMittal, together with its auxiliaries, operates as an integrated steel and mining company worldwide. The company operates through five segments: NAFTA; Europe; Brazil and Neighboring Countries (Brazil); Africa & Commonwealth of Independent States (ACIS); and Mining.
During an Afternoon trade, Shares of Integrated Device Technology Inc (NASDAQ:IDTI), climbed 4.69%, and is now trading at $19.99.
Integrated Device Technology, declared results for the fiscal first quarter ended June 28, 2015.
“First quarter fiscal 2016 revenue raised by more than 27 percent year-over-year, driven primarily by strength in our High Performance Computing and Wireless Power products,” said Greg Waters, president and chief executive officer. “We are delivering on our commitment of superior earnings leverage with growth, and are happy to declare a non-GAAP operating margin of 29.3 percent for the quarter.
Integrated Device Technology, Inc. designs, develops, manufactures, and markets a range of semiconductor solutions for the communications, computing, and consumer industries worldwide. It operates in two segments, Communications, and Computing and Consumer.
Finally, Enphase Energy Inc (NASDAQ:ENPH) , lost 0.18% Tuesday.
Enphase Energy, declared the Company will be participating at forthcoming investor conferences.
Kris Sennesael, CFO at Enphase Energy, is planned to take part at the Jefferies Conference in New York, NY with a company presentation on August 10, 2015 at 9:20 AM EDT.
Enphase Energy, Inc., together with its auxiliaries, designs, develops, and sells microinverter systems for the solar photovoltaic industry in the United States and internationally.
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