During Tuesday’s Afternoon trade, Shares of Olin Corporation (NYSE:OLN), lost -2.36% to $20.71.
Olin Corporation (OLN) declared that its second quarter 2015 income from ongoing operations was $42.3 million, or $0.54 per diluted share, which compares to income from ongoing operations of $36.6 million, or $0.46 per diluted share in the second quarter of 2014. Sales in the second quarter of 2015 were $535.4 million contrast to $570.4 million in the second quarter of 2014.
Second quarter 2015 results comprised of a pretax gain of $52.2 million related to property damage and business interruption insurance recoveries resulting from the June 2014 incident at one of the two chlor alkali production units at our Becancour, Canada facility. Second quarter 2015 results also comprised of pretax acquisition-related financing and other costs of $22.1 million, raised legacy environmental costs of $3.9 million and pretax restructuring charges of $0.7 million.
Olin Corporation manufactures and sells chlor alkali products in the United States and internationally. The company operates through three segments: Chlor Alkali Products, Chemical Distribution, and Winchester. The Chlor Alkali Products segment provides chlorine/caustic soda that is used in pulp and paper processing, chemical manufacturing, and water purification, in addition to in the manufacture of vinyl chloride, bleach, swimming pool chemicals, and urethane chemicals; sodium hypochlorite for use in household cleaners, laundry bleaching, swimming pool sanitizers, semiconductors, water treatment, textile, pulp and paper, and food processing; and hydrogen used in fuel source, hydrogen peroxide, and hydrochloric acid.
Shares of Violin Memory Inc (NYSE:VMEM), declined -4.13% to $2.09, during its Afternoon trading session.
Violin Memory®, Inc., (VMEM), a global pioneer of award-winning all-flash storage platform solutions for primary storage and active workloads, recently declared that it will report financial results for its second quarter ended July 31, 2015, on Thursday, August 27, 2015. The results will be comprised of in a press release with accompanying financial information that will be released after U.S. markets close.
Violin Memory, Inc. develops and supplies memory-based storage systems to bring storage performance in line with high-speed applications, servers, and networks worldwide. The company provides flash storage platforms and all flash arrays that integrate enterprise-class hardware and software technologies to address the limitations of hard disk drive-based and solid state drive-based storage solutions that use off-the-shelf components.
21Vianet Group Inc (NASDAQ:VNET), during its Tuesday’s Afternoon trading session decreased -1.59% to $21.07.
Server Farm Realty, LLC (SFR), one of the nation’s most innovative, privately-owned data center developers, and 21Vianet Group, Inc. (VNET), (“21Vianet”), a leading carrier-neutral Internet data center services provider in China, recently declare a planned partnership to offer data center infrastructure and services, network connectivity, and cloud and Information and Communications Technology (ICT) solutions to support multinational companies’ IT infrastructure deployment and business development in China in addition to the U.S.
Under this partnership and with support from Server Farm Realty, 21Vianet also launches its first U.S. data center, US-SV1, in Santa Clara, CA. The companies’ successful partnership on this newly built data center facility in Silicon Valley provides advanced data center architecture and enterprise-class solutions in support of Chinese customers.
On this platform, 21Vianet and SFR have successfully delivered a first customer project in Santa Clara for a leading cloud computing solution provider from China. This project, which held an official service launch event on June 12, 2015, plays a key role for the customer’s launching of its first full cloud services suite in the United States with the support by 21Vianet and SFR.
21Vianet Group, Inc. provides carrier-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small- to mid-sized enterprises in the People’s Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network; and other hosting related value-added services. The company’s hosting and related services comprise managed hosting services that offer data center space to customers servers and networking equipment and provide tailored server administration services; and interconnectivity services that allow customers to connect their servers with Internet backbones and other networks through its border gateway protocol network or single-line, dual-line, or multiple-line network.
Finally, Hain Celestial Group Inc (NASDAQ:HAIN), decreased -5.94%, to $64.32.
Hain Celestial Group, Inc. (NASDAQ: HAIN), to declare the recent launch of several new lines of coffeehouse-style beverages featuring the goodness of tea plus on-trend flavors like Dirty Chai and Matcha Green. The brand’s new Celestial™ Lattes are accessible in both ready-to-drink bottles and concentrated formats, while new Celestial™ Teahouse Chai Teas are offered in traditional tea bags.
The Hain Celestial Group, Inc., together with its auxiliaries, manufactures, markets, distributes, and sells organic and natural products in the United States, the United Kingdom, Canada, and Europe. Its grocery products comprise infant formula, rice, non-dairy beverages, frozen desserts, flour and baking mixes, breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, granola and cereal bars, canned, chilled fresh, aseptic and instant soups, and greek-style yogurt, in addition to infant, toddler, and kids foods.
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