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Sunday 13 September 2015
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Afternoon Trade News Report on: Bristow Group (NYSE:BRS), Alaska Air Group, (NYSE:ALK), Tenet Healthcare (NYSE:THC), Equity Commonwealth (NYSE:EQC)

During Tuesday’s Afternoon trade, Shares of Bristow Group Inc (NYSE:BRS), lost -2.70% to $37.78.

Bristow Group Inc. (BRS), the leading provider of helicopter services to the offshore energy industry, declared that its Board of Directors approved a quarterly dividend of $0.34 per share of common stock issued and outstanding at the close of business on September 1, 2015 (the “Record Date”). The dividend will be payable on September 15, 2015 to stockholders of record at the close of business on the Record Date. There were 34,920,082 shares of Bristow’s common stock issued and outstanding as of July 31, 2015.

Bristow Group Inc. provides helicopter services to the offshore energy industry in Africa, Americas, the Asia Pacific, and Europe Caspian. Its helicopters are used principally to transport personnel between onshore bases and offshore production platforms, drilling rigs, and other installations, in addition to transport time-sensitive equipment to these offshore locations.

Shares of Alaska Air Group, Inc. (NYSE:ALK), declined -1.03% to $80.67, during its Afternoon trading session.

Alaska’s annual fall fare sale kicks off, with steep discounts on popular routes throughout North America.

One-way fares start at $59 and comprise new and popular destinations like Albuquerque, New Mexico, Puerto Vallarta, Mexico and Honolulu, Hawaii.* Visit www.alaskaair.com to find great savings and purchase tickets, or call 1-800-ALASKAAIR (800-252-7522 or Hearing & Speech Impaired (TTY): Dial 711 for Relay Services).

With Alaska’s new flight experience, Alaska Beyond™, customers will enjoy more of what they love, throughout their journey. Depending on the route flown, onboard amenities may comprise free entertainment on customers’ own devices and power at every seat to keep gadgets charged. Customers will also enjoy inspired Northwest food and beverages, such as Beecher’s Flagship cheese, exclusively blended Canoe Ridge wine and an entrée by award-winning chef Tom Douglas.

Alaska Air Group, Inc., through its auxiliaries, provides passengers and cargo air transportation services primarily in the United States. The company operates through Alaska Mainline and Alaska Regional segments. It serves about 100 cities in Alaska, the Lower 48, Hawaii, Canada, and Mexico. As of December 31, 2014, the company’s fleet comprised of 137 Boeing 737 jet aircraft; and 51 Bombardier Q400 turboprop aircraft.

Tenet Healthcare Corp (NYSE:THC), during its Tuesday’s Afternoon trading session decreased -1.22% to $51.76.

Tenet Healthcare Corporation (THC) stated Adjusted EBITDA of $568 million for the second quarter of 2015, an enhance of $108 million, or 23.5 percent, contrast to $460 million in the second quarter of 2014. The results for the second quarter of 2015 comprised of $16 million of Adjusted EBITDA generated by United Surgical Partners International (USPI) and Aspen Healthcare, which were attained by Tenet on June 16, 2015.

Tenet generated same-hospital growth in admissions and adjusted admissions of 1.7 percent and 2.3 percent, respectively, contrast to the second quarter of 2014. Paying admissions raised 2.1 percent, reflecting growth in the number of newly insured patients. Surgeries performed in our hospital segment raised 1.5 percent and emergency department visits raised 2.4 percent. On a pro forma same-facility system-wide basis, counting the results of USPI and Aspen in both the second quarters of 2015 and 2014, surgical and imaging cases in our Ambulatory Care segment grew by 6.8 percent.

The company continues to benefit from declines in uninsured and charity volumes. In the six states in which we operate that expanded their Medicaid programs, same-hospital uninsured plus charity admissions declined by 639 admissions, or 31.5 percent, and Medicaid admissions raised by 767 admissions, or 2.6 percent. Uninsured plus charity outpatient visits reduced by 8,729 visits, or 15.8 percent, and Medicaid outpatient visits grew by 32,714 visits, or 9.2 percent. The six states are comprised of five states that expanded Medicaid in 2014 (Arizona, California, Illinois, Massachusetts and Michigan) and one state that expanded Medicaid in 2015 (Pennsylvania).

Tenet Healthcare Corporation, a healthcare services company, primarily operates acute care hospitals and related healthcare facilities in the United States. It operates through two segments, Hospital Operations and Other, and Conifer. The company’s general hospitals offer acute care services, operating and recovery rooms, radiology services, respiratory therapy services, clinical laboratories, and pharmacies.

Finally, Equity Commonwealth (NYSE:EQC), gained 0.07%, to $27.39.

Equity Commonwealth (EQC) stated financial results for the quarter ended June 30, 2015. All per share results are stated on a fully diluted basis.

Results for the quarter ended June 30, 2015

Funds from Operations (FFO), as defined by the National Association of Real Estate Investment Trusts, for the quarter ended June 30, 2015 were $77.2 million, or $0.59 per share. This compares to FFO for the quarter ended June 30, 2014 of $87.1 million, or $0.70 per share.

Normalized FFO was $67.8 million, or $0.52 per share. This compares to Normalized FFO for the quarter ended June 30, 2014 of $81.3 million, or $0.66 per share. The following items influenced Normalized FFO per share for the quarter ended June 30, 2015 contrast to the corresponding 2014 period:

  • about ($0.13) per share from properties sold;
  • about ($0.11) per share due to the sale of the company’s entire interest in Select Income REIT (SIR) in 2014;
  • about $0.08 per share from lower interest expense; and
  • about $0.06 per share from lower general & administrative (G&A) expense, not taking into account shareholder litigation and transition expenses.

Equity Commonwealth (EQC) is an internally managed and self-advised real estate investment trust (REIT). The Company is engaged in the ownership and operation primarily of office buildings in central business district (CBD) and suburban locations throughout the United States. The Company’s two reportable segments comprise CBD properties and suburban properties. Its portfolio comprises of 156 properties (262 buildings) with a combined 42.9 million square feet.

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