On Wednesday, Shares of KBR, Inc. (NYSE:KBR), gained 7.50% to $17.06.
KBR, declared its first quarter 2015 financial results.
First Quarter Results
Net income attributable to KBR was $44 million or $0.30 per diluted share ($0.33 per diluted share not taking into account $5 million in pre-tax U.S. Government legacy legal fees), in the first quarter of 2015 contrast to a net loss of $43 million or a net loss of $0.29 per diluted share, in the first quarter of 2014. Merged revenue in the first quarter of 2015 was $1.4 billion contrast to $1.6 billion in the first quarter of 2014.
Technology & Consulting (T&C) Results
Technology & Consulting gross profit of $19 million raised $4 million while revenue was $72 million, a decrease of $19 million. The earnings and resulting margin enhance reflect a shift in the mix of work to more technology related activities during the quarter on olefins, syngas and refining projects as compared to sales of propriety equipment in the preceding year. The earnings also reflect the cost reduction initiatives presently underway.
Looking forward, while lower oil prices are impacting workloads for the upstream consulting business, the company sees continued global technology opportunities for syngas, refining and olefins projects counting new builds and revamps to improve efficiencies of existing facilities.
KBR, Inc. operates as an engineering, construction, and services company worldwide. The company operates through three segments: Technology & Consulting, Engineering & Construction, and Government Services.
At the end of Wednesday’s trade, Shares of NOW Inc. (NYSE:DNOW), jumped 5.92% to $23.80.
NOW, has planned a conference call to talk about the results for the first quarter of 2015 on Thursday, May 7, 2015 at 8:00 am (US Central Time). Financial results for the first quarter of 2015 are predictable to be released that morning before the market opens.
NOW Inc. distributes energy and industrial products in the United States, Canada, and internationally. It offers consumable maintenance, repair, and operating supplies; and pipes, valves, fittings, flanges, electrical products, artificial lift solutions, mill tools, safety supplies, and spare parts, in addition to provides application systems and parts integration, optimization solutions, and after-sales support services.
NetSuite Inc. (NYSE:N), ended its last trade with 5.85% gain, and closed at $96.48.
NetSuite, declared that it has been awarded a 5-Star rating in The Channel Company’s CRN 2015 Partner Program Guide for the fifth successive year. This annual directory is the definitive listing of technology vendors that service solution providers or provide products through the IT channel. The 5-Star Partner Program rating recognizes an elite subset of companies that offer solution providers the best partnering elements in their channel programs.
Launched in 2002, the NetSuite Solution Provider Program is the industry’s leading cloud channel partner program, providing hundreds of channel partners with a cloud solution to offer prospective customers and grow their businesses in addition to industry-leading margins and incentive programs.
NetSuite Inc. provides cloud-based financials/enterprise resource planning (ERP) and omnichannel commerce software suites in the United States and internationally.
Finally, Matador Resources Company (NYSE:MTDR), closed at $28.99, with 5.84% gain.
Today, Matador Resources declared plans to release first quarter 2015 operational and financial results after the close of trading on Wednesday, May 6, 2015. Administration will also host a live conference call on Thursday, May 7, 2015 at 9:00 a.m. Central Time to review first quarter 2015 financial results and operational highlights.
Matador Resources Company, an independent energy company, engages in the exploration, development, production, and acquisition of oil and natural gas resources in the United States.
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