On Friday, in the course of current trade, Shares of Telefonica S.A. (ADR) (NYSE:TEF), climbed 1.06%, and is now trading at $15.28.
Telefónica, presented its results corresponding to the first semester of 2015 and reports a net profit of 3,693 million euros, double the amount reached in the same period of 2014 (+105.4%). Additionally, the Company has raised revenue growth guidance for the full year to >9.5 % (vs. >7% formerly).
Telefónica consolidates its new growth cycle quarter after quarter. Up until June, and in stated terms, merged revenue grew +12.5% to 23,419 million euros, OIBDA raised +7.2% to 7,320 million euros, and earnings per share (0.75 euros per share) doubled contrast to the same period of 2014. At the end of June, Telefónica Group’s customer base raised +13% yoy to 329,4 million accesses.
Telefónica, S.A. provides fixed and mobile communication services primarily in Europe and Latin America. The company offers mobile voice, value added, mobile data and Internet, wholesale, corporate, roaming, fixed wireless, and trunking and paging services.
During an Afternoon trade, Shares of Fulton Financial Corp (NASDAQ:FULT), dipped -0.23%, and is now trading at $12.91.
Fulton Financial Reports Second Quarter Earnings of $0.21 per Share
- Diluted earnings per share was 21 cents, a 4.5 percent decrease from the first quarter of 2015 and unchanged from the second quarter of 2014.
- Net interest income reduced $661,000, or 0.5 percent, contrast to the first quarter of 2015 and reduced $5.0 million, or 3.9%, contrast to the second quarter of 2014. The net interest margin reduced 7 basis points contrast to the first quarter of 2015, to 3.20 percent. The net interest margin for the second quarter of 2014 was 3.41 percent.
- Average loans raised $97.1 million, or 0.7 percent, contrast to the first quarter of 2015 and $396.9 million, or 3.1 percent, contrast to the second quarter of 2014. Average deposits raised $107.1 million, or 0.8 percent, contrast to the first quarter of 2015 and $878.6 million, or 7.0 percent, contrast to the second quarter of 2014.
- The provision for credit losses was $2.2 million, contrast to a $3.7 million negative provision in the first quarter of 2015 and a $3.5 million provision in the second quarter of 2014.
- Non-interest income, not taking into account investment securities gains, raised $3.5 million, or 8.6 percent, in comparison to the first quarter of 2015, and raised $314,000, or 0.7 percent, in comparison to the second quarter of 2014.
- Non-interest expense was largely unchanged contrast to the first quarter of 2015 and raised $2.2 million, or 1.9 percent, contrast to the second quarter of 2014.
- In April 2015, the Corporation declared that its Board of Directors approved the repurchase of up to $50 million of the Corporation’s common stock through December 31, 2015. During the second quarter of 2015, 1.5 million shares were repurchased under this program at a total cost of $19.0 million.
- In June 2015, the Corporation issued $150.0 million of subordinated debt, the net proceeds of which were used to redeem $150 million of trust preferred securities in July 2015.
Fulton Financial Corporation operates as a multi-bank financial holding company that provides a range of banking and financial services to businesses and consumers. It offers personal banking services that comprise various checking account and savings deposit products, certificates of deposit, and individual retirement accounts.
Shares of Cott Corporation (USA) (NYSE:COT), during its Friday’s current trading session raised 1.26%, and is now trading at $11.23.
Cott Corporation, declared its results for the second quarter ended July 4, 2015.
SECOND QUARTER 2015 HIGHLIGHTS
- Revenue of $780 million was higher by 42% contrast to $549 million as a result of the acquisition of DS Services, offset in part by the impact of foreign exchange and a product mix shift towards contract manufacturing and across other private label categories in our traditional business.
- Gross profit was $241 million contrast to $79 million, which resulted in gross profit as a percentage of revenue of 30.9% contrast to 14.4%.
- Adjusted EBITDA raised 93% to $108 million contrast to $56 million. Stated EBITDA was $103 million contrast to $32 million.
- With continued focus on Cott’s planned precedingities designed to build long-term shareowner value:
- DS Services revenue raised 2.2% (3.1% on an adjusted basis). Synergy capture and integration of DS Services continued to make good progress with $2 million of synergies realized during the second quarter for a total of over $3 million of synergies realized to date.
- Two agreements have been signed for the acquisition of home and office delivery (“HOD”) water businesses which together generate about $9 million in annual revenues. The acquisitions, which are subject to customary closing conditions, are predictable to close in the third quarter of 2015.
- The North America business unit continued to expand its contract manufacturing business, which grew by about 7 million serving equivalent cases. For the North America business unit, gross margin raised 165 basis points to 14.5%.
- Convertible and non-convertible preferred shares of $149 million were fully redeemed on June 11, 2015 with proceeds from our oversubscribed equity offering and cash on hand.
Cott Corporation, together with its auxiliaries, produces and sells beverages on behalf of retailers, brand owners, and distributors worldwide. Its product lines comprise carbonated soft drinks, juice and juice-based products, clear and flavored waters, energy drinks and shots, sports products, new age beverages, ready-to-drink teas and alcoholic beverages, beverage concentrates, liquid enhancers, and freezables, in addition to hot chocolate, coffee, malt drinks, creamers/whiteners, and cereals.
Finally, Informatica Corporation (NASDAQ:INFA) , lost -0.04% Friday.
Informatica Corporation, declared that Gartner, Inc., a leading IT research and advisory firm, has positioned Informatica as a Leader in its 2015 Magic Quadrant for Data Integration Tools report, published July 29, 2015, based on ability to execute and completeness of vision.
According to the Gartner report, “Data integration is central to enterprises’ information infrastructure. Enterprises pursuing frictionless sharing of data are increasingly favoring tools that are flexible in regard to time-to-value demands, integration patterns, optimization for cost and delivery models, and synergies with information and application infrastructures.”
Informatica Corporation provides enterprise data integration software and services worldwide. Its enterprise data integration products comprise PowerCenter, PowerExchange, and Data Integration Hub, in addition to PowerCenter Express, an entry-level data integration and profiling edition for departments or small to mid-market business, and cloud data integration solutions.
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