On Thursday, in the course of current trade, Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM), gained 1.14%, and is now trading at $23.59, after the company stated a 15.4% year over year enhance in May sales to NT$70.16 billion (US$2.26 billion).
The total was the lowest the company has stated since February when it stated NT$62.65 billion in revenue.
Despite the year over year gains, the company practiced a 7% month to month decline in sales.
At its annual general meeting yesterday, the company said that it anticipates revenue growth to slow this year to 14% from last year’s pace of 28% growth, according to Reuters.
Taiwan Semiconductor Manufacturing Company Limited engages in the computer-aided design, manufacture, packaging, testing, sale, and marketing of integrated circuits and other semiconductor devices. The company is also involved in researching, developing, designing, manufacturing, and selling renewable energy and saving related technologies and products.
During Morning trade, Shares of SeaDrill Limited (NYSE:SDRL), dipped -2.68%, and is now trading at $12.34, as Global oil prices fell on Thursday on a stronger dollar and concerns about a continued global glut of oil.
Light, sweet crude for July delivery recently fell 77 cents, or 1.3%, to $60.66 a barrel on the New York Mercantile Exchange. Brent, the global benchmark, fell 85 cents, or 1.3%, to $64.85 a barrel on ICE Futures Europe, according to WSJ.
Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates through Floaters and Jack-up Rigs segments. The Floaters segment provides drilling, completion, and maintenance services for offshore exploration and production wells. Its drilling contracts regarding semi-submersible rigs and drillships for harsh and benign environments in mid, deep, and ultra-deep waters.
Finally, Williams Companies, Inc. (NYSE:WMB), gained 0.25% Thursday.
The Williams Companies, declared that its partner Utica Gas Services has successfully accomplished the formerly declared acquisition of about 13 percent of additional equity interest in Utica East Ohio Midstream LLC (UEO) from a partner of EV Energy Partners, L.P. (EVEP) for about $357 million.
With this acquisition, Williams Partners has raised its equity interest in UEO from 49 percent to 62 percent. UEO is a substantial natural gas midstream business in the Utica Shale in eastern Ohio. The gathering, processing, fractionation and storage assets are anchored by long-term, fee-based contracted commitments.
“We are very happy to expand our ownership position in this valuable asset in the Utica,” said Alan Armstrong, chief executive officer of Williams Partners’ general partner. “UEO has practiced consistent volume growth and we see attractive growth opportunities as the Utica continues to develop.”
Simultaneous with the Williams Partners transaction, the other member of UEO attained about 8 percent of additional equity interest in UEO.
The Williams Companies, Inc. operates as an energy infrastructure company primarily in the United States. The company operates in three segments: Williams Partners, Access Midstream, and Williams NGL & Petchem Services.
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