On Thursday, Following Stocks were among the “Top 100 Gainers” of U.S. Stock Market: Plains All American Pipeline, L.P. (NYSE:PAA), Francesca’s Holdings Corporation (NASDAQ:FRAN), Infinera Corporation (NASDAQ:INFN), Sanchez Energy Corporation (NYSE:SN)
Plains All American Pipeline, L.P. (NYSE:PAA), with shares gained 2.22%, closed at $47.89.
Francesca’s Holdings Corporation (NASDAQ:FRAN), with shares jumped 5.21%, settled at $16.76.
Infinera Corporation (NASDAQ:INFN), with shares climbed 5.17%, and closed at $18.72.
Sanchez Energy Corporation (NYSE:SN), surged 5.11%, and closed at $13.36.
Latest NEWS regarding these Stocks are depicted underneath:
Plains All American Pipeline, L.P. (NYSE:PAA)
Plains All American Pipeline, L.P. (PAA), declared the formation of Caddo Pipeline LLC, a 50/50 joint venture with Delek Logistics Partners, LP (DKL) to develop the Caddo Pipeline, an 80-mile, 12-inch pipeline between Longview, Texas, and Shreveport, La. The Caddo Pipeline will originate at the Plains Atlas Terminal in Longview and will have the capacity to move up to 80,000 barrels of domestic crude oil per day to supply refineries in the Shreveport area and Delek Logistics’ pipeline system supplying Delek US Holdings’ (DK) El Dorado, Ark. refinery. Under the contract, PAA will construct and operate the Caddo Pipeline. The total project investment is predictable to be about $100 million; the pipeline is supported by long-term shipper commitments and is predictable to be accomplished in mid-2016.
Plains All American Pipeline, L.P. is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids (“NGL”), natural gas and refined products. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles over 4.1 million barrels per day of crude oil and NGL on its pipelines. PAA is headquartered in Houston, Texas.
Plains All American Pipeline, L.P., through with its auxiliaries, engages in the transportation, storage, terminalling, and marketing of crude oil, natural gas liquids (NGL), natural gas, and refined products in the United States and Canada. The corporation operates in three segments: Transportation, Facilities, and Supply and Logistics.
Francesca’s Holdings Corporation (NASDAQ:FRAN)
Francesca’s Holdings Corporation (FRAN), stated financial results for the fourth quarter and fiscal year ended January 31, 2015.
FOURTH QUARTER RESULTS:
Net sales for the thirteen weeks ended January 31, 2015 raised 17% to $107.6 million from $92.1 million in the preceding year quarter. This raise was driven by 88 new boutiques opened since the preceding year quarter and a 1% raise in comparable sales. Direct-to-consumer sales raised 42% as compared to the preceding year quarter primarily due to raised traffic.
Gross profit, as a percentage of net sales, reduced to 45.7% from 50.6% in the preceding year quarter. This unfavorable variance comprised of a 430 basis points decrease in merchandise margin due to the disposal of certain slow-moving merchandise at a net cost of $1.8 million (170 basis points point as a percentage of net sales), raised markdowns and promotional activities in addition to a merchandise mix change to the lower margin categories in the current year quarter as contrast to the preceding year quarter. The remaining change is attributable to deleveraging of fixed occupancy costs.
Adjusted selling, general and administrative expenses (“SG&A”) raised 23% to $33.9 million from $27.7 million in the preceding year quarter. The raise in adjusted SG&A is primarily due to higher boutique and corporate payroll expenses to support the larger boutique base and sales growth.
Adjusted revenue from operations was $15.4 million, or 14.3% of net sales, contrast to $18.9 million, or 20.5% of net sales, in the preceding year quarter.
Francesca’s Holdings Corporation, through its partner, Francesca’s Collections, Inc., operates a chain of retail boutiques. The corporation offers a selection of fashion apparel, jewelry, accessories, and gifts primarily for women between the ages of 18 and 35.
Infinera Corporation (NASDAQ:INFN)
Infinera Corporation (INFN), introduced two photonic integrated circuits (PICs) for new optical transport applications as scale and virtualization drive change in network architectures. The new PICs being introduced comprise the sliceable improved PIC, ePIC-500, and the application-optimized PIC, oPIC-100.
The Emergence of Layer C and Layer T:
In a world where Cloud services are growing quickly and high capacity connectivity is paramount, service providers must scale, simplify and raise the flexibility of their networks. Network Function Virtualization (NFV) provides a means to address these needs for the upper layers of the network through the migration of network functions from dedicated appliances to software services on x86 hardware within Cloud data centers. This Cloud services layer supports NFV plus other Cloud delivered services (Layer C). In order to support Layer C, Cloud data centers and end users need to be interconnected by a highly scalable and flexible transport network (Layer T).
Scalable photonics is the foundation of Layer T and must provide more capacity per line card and system while simplifying the network — fewer boxes, fibers and modules, and less space, power and fewer manual processes. PICs are integral to the evolution of the transport network providing noteworthy benefits when integrated into a packet-optical DWDM transport system for an efficient Layer T, ultimately allowing Layer C to thrive.
Infinera Corporation provides optical transport networking equipment, software, and services for telecommunications service providers, Internet content providers, cable operators, wholesale and enterprise carriers, research and education institutions, and government entities worldwide.
Sanchez Energy Corporation (NYSE:SN)
Formerly on March 9, Sanchez Energy Corporation (SN), declared that Executive Vice President and Chief Financial Officer Michael G. Long (62), plans to retire effective April 30, 2015. The corporation also confirmed that Gleeson Van Riet, Senior Vice President of Capital Markets and Investor Relations, has been named interim Co-Chief Financial Officer, effective right away.
Tony Sanchez, III, President and Chief Executive Officer of Sanchez Energy, commented, “Mike joined Sanchez Oil & Gas in 2008 and during his tenure has contributed significantly to the formation, administration and growth of Sanchez Energy since its IPO in 2011.Recently the corporation is well positioned to continue its track record of success with strong liquidity, a solid capital structure and an asset base with an attractive and deep inventory. Mike has had a long and successful career dedicated to the energy industry, and we wish him and his family all the best as he plans this next phase of his life.”
Michael Long noted, “I am grateful for the opportunity that Sanchez Energy has afforded me to be a part of a very dynamic and growing enterprise. Tony and the rest of the administration team have built a top-notch organization with superb assets and a deep bench of highly qualified personnel. I am very proud of all that the team at Sanchez Energy has accomplished, and I look forward to watching the corporation’s continued growth and success in the future.”
Sanchez Energy is an independent exploration and production corporation focused on the attainment and development of unconventional oil resources in the onshore U.S. Gulf Coast, with a current focus on the Eagle Ford Shale in South Texas where it has assembled about 226,000 net acres, and the Tuscaloosa Marine Shale.
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