On Thursday, in the course of Afternoon trade, Shares of Hudson City Bancorp, Inc. (NASDAQ:HCBK), dropped -2.74%, and is now trading at $9.95.
Hudson City Bancorp has declared that it will engage in a month long campaign during August 2015 to address seasonal shortages at local area food pantries. Summer months tend to impact food distribution and resources as children are not receiving meals in school and donation levels decrease. Working with the Center for Food Action (CFA), a 501(c)3 organization, Hudson City Savings Bank will collect food and monetary donations from our employees and the public in our Bergen and Passaic County branches and Administrative offices. Additionally, Hudson City Savings Bank will provide a can for can match of all food items collected during the campaign, and a dollar for dollar match of all monetary donations made by Hudson City employees.
Hudson City Bancorp, Inc. maintains its corporate offices in Paramus, New Jersey. Hudson City Savings Bank, a well-established community financial institution serving its customers since 1868, is the largest thrift institution headquartered in New Jersey. Hudson City Savings Bank presently operates a total of 135 banking offices in the New York metropolitan and surrounding areas.
Hudson City Bancorp, Inc. operates as the holding company of Hudson City Savings Bank that provides various banking products and services in the United States. Its deposit products comprise passbook and statement savings accounts, interest-bearing transaction accounts, checking accounts, money market accounts, and time deposits, in addition to IRA accounts and qualified retirement plans.
During an Afternoon trade, Shares of Hologic, Inc. (NASDAQ:HOLX), dipped -2.20%, and is now trading at $41.35.
Hologic, declared the Company’s financial results for the fiscal third quarter ended June 27, 2015. Quarterly revenues of $693.9 million raised 9.7% on a stated basis, and 12.2% on a constant currency basis. GAAP earnings per share (EPS) of $0.10 raised 150%, while non-GAAP EPS of $0.43 raised 16.2%.
“Our third quarter financial results demonstrate the noteworthy progress we have made in building a company that can grow sustainably on both the top and bottom lines,” said Steve MacMillan, Hologic’s Chairman, President and Chief Executive Officer. “Growth was led by accelerated adoption of our Genius 3D mammography systems, but our diagnostics and surgical businesses also showed broad-based strength. While we are proud of our accomplishments to date, we also believe we have multiple growth opportunities still ahead of us.”
Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women in the United States and internationally. The company operates in four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health.
Shares of Terex Corporation (NYSE:TEX), during its Thursday’s current trading session fell -1.65%, and is now trading at $23.81.
Terex Corporation, declared the following senior executive changes:
- Tim Ford, presently President, Terex Cranes, is leaving the Company to pursue other opportunities.
- With Mr. Ford’s departure, Ken Lousberg, presently President of Terex China, will take on the role of President of Terex Cranes in addition to the responsibility for Latin America formerly with Mr. Ford. While Mr. Lousberg will retain responsibility for China, a Country Leader for our Chinese business will be named as soon as possible to assist coordinates our business in China reporting to Mr. Lousberg. Mr. Lousberg joined Terex through the Genie acquisition in 2002 and has held several senior administration positions at various Terex operations.
- George Ellis will take on a new role as Senior Vice President, Operations Planning and President, Terex Construction. In addition to retaining his current responsibilities for Terex Construction, Government Programs and India, Mr. Ellis will assume global responsibility for the Terex Business System, sourcing, transportation, logistics, and manufacturing footprint. Mr. Ellis also joined Terex through the Genie acquisition in 2002 and has held several senior administration positions at various Terex operations.
- Scott Hensel, now Vice President, Terex Services North America has been named to the newly created position of Vice President and Managing Director, Terex Utilities and Services reporting to Ken Lousberg. In this new role, in addition to his current responsibility for managing and growing the North American services business, Mr. Hensel will have administration responsibility for the Terex Utilities business. Mr. Hensel was formerly a partner at McKinsey & Company and joined Terex in 2014 to improve and grow the Terex Services North America business.
- Kieran Hegarty, President, Terex Materials Processing will assume administration responsibility for the Terex Fuchs business which will become part of the Terex Materials Processing segment.
Terex Corporation operates as a lifting and material handling solutions company. Its Aerial Work Platforms segment designs, manufactures, services, and markets aerial work platform equipment, telehandlers, and light towers, in addition to related components and replacement parts under Terex and Genie names.
Finally, American Tower Corp (NYSE:AMT), lost -1.04% Thursday.
American Tower Corporation stated financial results for the quarter ended June 30, 2015.
Jim Taiclet, American Tower’s Chief Executive Officer stated, “Our second quarter 2015 results reflected yet another quarter of strong demand for our tower space both domestically and abroad. In the U.S., we are rapidly integrating our Verizon portfolio, which already has more than 900 lease applications in its pipeline. Internationally, leasing activity from our top customers, counting Telefónica, América Móvil and Airtel, drove Organic Core Growth in revenue of nearly 12%.
SECOND QUARTER 2015 OPERATING RESULTS OVERVIEW
- American Tower generated the following operating results for the quarter ended June 30, 2015 (unless otherwise indicated, all comparative information is presented against the quarter ended June 30, 2014).
- Total revenue raised 13.9% to $1,174 million, and total rental and administration revenue raised 14.8% to $1,154 million.
- Total rental and administration revenue Core Growth was about 23.2%, and total rental and administration Organic Core Growth was about 7.3%.
- Total rental and administration Gross Margin raised 13.1% to $843 million, and total rental and administration Gross Margin percentage was 73%.
- Adjusted EBITDA raised 11.7% to $762 million, Core Growth in Adjusted EBITDA was 21.1%, and Adjusted EBITDA Margin was 65%.
- Adjusted Funds from Operations (AFFO) raised 13.3% to $537 million, AFFO per Share raised 5.9% to $1.26, and Core Growth in AFFO was about 25.4%.
- Net income attributable to American Tower common stockholders reduced 43.8% to $129 million, and Net income attributable to American Tower common stockholders per basic and diluted common share reduced to $0.31 and $0.30, respectively.
- The Company incurred about $75 million in one-time debt retirement costs in the quarter, which, together with raised depreciation expense associated with recently accomplished acquisitions, were the primary drivers of the net income decline as compared to the preceding period.
- Cash offered by operating activities reduced 3.3% to $1,036 million for the first half of 2015.
American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. The firm engages in leasing of space on multi-tenant communications sites to wireless service providers, radio and television broadcast companies, wireless data and data providers, government agencies and municipalities and tenants in a number of other industries.
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