During Thursday’s Current trade, Shares of Cree, Inc. (NASDAQ:CREE), gain 1.20% to $25.21.
Cree, Inc. Declares 2015 Fourth Quarter Earnings Release Webcast
When: August 11, 2015 at 5:00 p.m. EDT
Cree, Inc. develops, manufactures, and sells lighting-class light emitting diode (LED), lighting, and semiconductor products for power and radio-frequency (RF) applications in the United States, China, Europe, South Korea, Japan, Malaysia, Taiwan, and internationally. The company’s LED Products segment provides blue and green LED chips that are used in various applications, counting video screens, gaming displays, function indicator lights and automotive backlighting, headlamps, and directional indicators; LED components comprising packaged LED products for lighting applications, and surface mount and through-hole packaged LED products for video, signage, general illumination, transportation, gaming, and specialty lighting applications; and silicon carbide (SiC) materials, which are used in manufacturing products for RF, power switching, gemstone, and other applications.
Shares of Resolute Forest Products Inc (NYSE:RFP), declined -1.54% to $9.61, during its current trading session.
Resolute Forest Products Inc. (RFP) stated net income of $7 million (not taking into account special items), or $0.07 per share, for the quarter ended June 30, 2015 , contrast to net income of $17 million (not taking into account special items), or $0.18 per share, in the same period in 2014. Sales were $926 million in the quarter, down $165 million , or 15%, from the second quarter of 2014. GAAP net loss was $4 million , or $0 .04 per share, contrast to a net loss of $2 million , or $0.02 per share, in the second quarter of 2014.
Operating Income Variance Against Preceding Quarter
Merged
The company stated operating income of $16 million in the quarter, contrast to an operating loss of $15 million in the first quarter. The $31 million improvement reflects lower costs ($38 million) due to the effect of spring temperatures, natural gas pricing and better mill productivity, in addition to higher volume ($12 million) and the favorable effect of the weaker Canadian dollar ( $9 million ), despite lower realized prices across all grades ( $31 million ), particularly wood products and newsprint. There were no closure costs in the quarter, contrast to $6 million of closure costs associated with the permanent newsprint capacity closures at Iroquois Falls, Ontario , and Clermont, Quebec , in the first quarter.
Resolute Forest Products Inc. operates in the forest products industry in the United States, Canada, and South Korea. It operates through four segments: Newsprint, Specialty Papers, Market Pulp, and Wood Products. The Newsprint segment produces newsprint and sells to newspaper publishers all over the world and also to commercial printers in North America for uses such as inserts and flyers.
Baytex Energy Corp (USA) (NYSE:BTE), during its Thursday’s current trading session decreased -1.37% to $7.90.
Baytex Energy Corp. (BTE) reports its operating and financial results for the three and six months ended June 30, 2015.
Highlights
- Generated production of 84,812 boe/d (82% oil and NGL) in Q2/2015;
- Delivered funds from operations (“FFO”) of $158.0 million ($0.77 per share) in Q2/2015;
- Realized an operating netback (sales price less royalties, production and operating expenses, and transportation expenses) in Q2/2015 of $20.66/boe ($25.85/boe counting financial derivative gains);
- Advanced the multi-zone development potential of our Eagle Ford acreage with 30-day initial production rates per well ranging from 900 to 1,600 boe/d for two projects that targeted three separate horizons;
- Maintained a conservative payout ratio, net of participation in our dividend reinvestment plan (“DRIP”), of 24% (39% before DRIP) in Q2/2015; and
- Accomplished an equity financing on April 2, 2015, raising net proceeds of about $606 million which were applied to reduce outstanding indebtedness.
Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, exploitation, and production of oil and natural gas in the Western Canadian Sedimentary Basin and the United States. The company offers heavy oil, light oil, condensate, and natural gas liquids.
Finally, Duke Realty Corp (NYSE:DRE), decreased -0.66%, to $19.70.
Duke Realty Corporation ( DRE), a leading industrial, medical and suburban office property REIT, recently stated results for the second quarter of 2015.
Quarterly Highlights
- Core Funds from Operations per diluted share was $0.28 for the quarter. Funds from Operations (“FFO”) per diluted share as defined by the National Association of Real Estate Investment Trusts (“NAREIT”) was $0.06 for the quarter.
- Operating results:
- Occupancy in the total portfolio, counting properties under development, of 93.5 percent and in-service portfolio occupancy of 95.8 percent;
- Same-property net operating income growth of 6.2 percent for the quarter ended June 30, 2015 as contrast to the quarter ended June 30, 2014 and 6.3 percent for the twelve months ended June 30, 2015 as contrast to the twelve months ended June 30, 2014;
- Adjusted Funds from Operations (“AFFO”) of $0.25 per diluted share, which results in a dividend payout ratio of 68 percent;
Duke Realty Corporation is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It offers a single point of responsibility for all aspects of a project, counting leasing, asset administration, construction and development. The firm primarily invests in commercial real estate sector. It was founded in 1972 and is headquartered in Indianapolis, Indiana with additional offices in Atlanta, Georgia; Baltimore, Maryland; Central Florida; Chicago, Illinois; Cincinnati, Ohio; Columbus, Ohio; Dallas, Texas; Houston, Texas; Minneapolis, Minnesota; Nashville, Tennessee; New Jersey; Northern and Southern California; Pennsylvania; Phoenix, Arizona; Raleigh, North Carolina; St. Louis, Missouri; Savannah, Georgia; Seattle, Washington; Washington D.C.; and South Florida.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
