On Friday, in the course of current trade, Shares of Chesapeake Energy Corporation (NYSE:CHK), dropped -1.12%, and is now trading at $15.14, as energy companies fell together with the price of oil.
The price of oil fell 92 cents, or 1.5percent, to $59.80 a barrel, assisting push down the stocks of drillers and other energy-related companies. Marathon Oil fell 1 percent and Hess Corp. lost 2 percent.
U.S. consumer prices rose slightly in April for the third straight month, suggesting that an improving economy could be setting the stage for the Federal Reserve to raise the benchmark short-term interest rate from the near-zero level where it has been for more than six years.
Consumer prices edged up 0.1 percent from the previous month. Core inflation, which excludes volatile food and energy prices, climbed 0.3 percent, the biggest gain in 15 months.
Chesapeake Energy Corporation engages in the acquisition, exploration, and development of properties for the production of oil, natural gas and natural gas liquids (NGL) from underground reservoirs in the United States.
During an Afternoon trade, Shares of Aramark (NYSE:ARMK), gained 0.88%, and is now trading at $31.92.
Aramark, declared that certain of its stockholders, comprising of associates of GS Capital Partners, CCMP Capital Advisors, LLC, J.P. Morgan Partners, LLC, Thomas H. Lee Partners, L.P. and Warburg Pincus LLC intend to offer for sale in an underwritten secondary offering 25,000,000 shares of its common stock following Aramark’s shelf registration statement filed with the Securities and Exchange Commission.
In addition, certain of the Selling Stockholders will grant the underwriter an option, exercisable within five days of pricing of the offering, to purchase up to 3,750,000 additional shares of common stock. The Selling Stockholders will receive all of the proceeds from this offering. No shares are being sold by administration or Aramark. The last stated sale price of Aramark’s common stock on May 20, 2015 was $31.82 per share. The offering is predictable to close on May 27, 2015, subject to customary closing conditions.
Credit Suisse Securities (USA) LLC will act as the underwriter for the offering.
Aramark provides food, facilities, and uniform services to education, healthcare, business and industry, sports, leisure, and corrections clients primarily in North America. The company offers managed services, counting dining, catering, food service administration, convenience-oriented retail operations, grounds and facilities maintenance, custodial, energy and construction administration, and capital project administration.
Shares of Sysco Corporation (NYSE:SYY), during its Friday’s current trading session fell -0.60%, and is now trading at $37.87.
Today, Sysco Corporation declared that its Board of Directors declared a regular quarterly cash dividend of $0.30 per share, payable on July 24, 2015, to common shareholders of record at the close of business on July 2, 2015.
Sysco Corporation, through its auxiliaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates in Broadline and SYGMA segments.
Finally, Keysight Technologies, Inc. (NYSE:KEYS), lost -0.20% Friday.
Keysight Technologies, stated revenues of $740 million for the second fiscal quarter ended April 30, 2015, flat contrast with one year ago. Second-quarter GAAP net income was $96 million, or $0.56 per share. Second-quarter GAAP operating margin was 17 percent.
During the second quarter, Keysight had share-based compensation of $13 million, separation costs of $5 million, intangible amortization of $2 million, asset impairment of $2 million and a tax expense of $1 million. Not taking into account these items and $1million of other net expenses, Keysight stated second-quarter non-GAAP net income of $120 million, or $0.70 per share. Second-quarter non-GAAP operating margin was 20 percent.
Keysight generated $68 million in cash from operations in the quarter. Second-quarter ROIC was 39 percent.
Keysight’s third-quarter 2015 revenues are predictable to be in the range of $635 million to $675 million. Third-quarter non-GAAP earnings are predictable to be in the range of $0.37 to $0.51 per share.
Keysight Technologies, Inc. provides electronic measurement solutions to the communications and electronics industries in the United States and internationally. It operates through two segments: Measurement Solutions, and Customer Support and Services.
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