On Friday, Patterson-UTI Energy, Inc. (NASDAQ:PTEN)’s shares declined -2.63% to $16.49.
PATTERSON-UTI ENERGY, INC. (PTEN) stated financial results for the three and six months ended June 30, 2015. The Company stated a net loss of $19.0 million, or $0.13 per share, for the second quarter of 2015, contrast to net income of $54.3 million, or $0.37 per share, for the quarter ended June 30, 2014. Revenues for the second quarter of 2015 were $473 million, contrast to $757 million for the second quarter of 2014.
For the six months ended June 30, 2015 the Company stated a net loss of $9.9 million, or $0.07 per share, contrast to net income of $89.1 million, or $0.61 per share, for the six months ended June 30, 2014. Revenues for the six months ended June 30, 2015, were $1.1 billion, contrast to $1.4 billion for the same period in 2014.
Patterson-UTI Energy, Inc., through its auxiliaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas.
Brocade Communications Systems, Inc. (NASDAQ:BRCD)’s shares dropped -1.16% to $10.26.
Brocade Communications Systems, Inc. (BRCD) declared that it has been named a winner in the Light Reading 2015 Leading Lights awards program in two distinct categories: its unique approach for the Brocade® SDN Controller won for Most Innovative SDN Product Strategy and the Brocade Virtual Evolved Packet Core (vEPC) solution won for Best New Product for Mobile. In addition, Brocade customer Telekom Austria Group was awarded Most Innovative NFV Deployment Strategy for Network/Data Center Operators for its Brocade-powered solution.
The Leading Lights program focuses on next-generation communications technologies, applications, services, and strategies. The winners were declared at an awards dinner at Chicago’s Field Museum on Monday, June 8 to coincide with the Big Telecom Event.
Brocade Communications Systems, Inc. provides storage area networking (SAN) and Internet protocol networking solutions for businesses and organizations worldwide. It operates through SAN Products, IP Networking Products, and Global Services segments.
At the end of Friday’s trade, RingCentral Inc(NYSE:RNG)‘s shares surged 10.06% to $19.70.
RingCentral, Inc. (RNG), a leading provider of cloud business communications solutions, declared financial results for the second quarter ended June 30, 2015.
Second Quarter Highlights:
- Revenue rose 34% year-over-year to $70.7 million; subscription revenue raised 35% year-over-year to $64.4 million.
- Total annualized exit monthly recurring subscriptions grew 35% year-over-year to $274.6 million.
- RingCentral Office® annualized exit monthly recurring subscriptions grew 48% year-over-year to $205.4 million.
- Net monthly subscription dollar retention: overall over 99% and RingCentral Office over 100%.
RingCentral, Inc. provides software-as-a-service solutions for business communications primarily in the United States. The company’s products comprise RingCentral Office, a multi-location, multi-user, enterprise-grade communications solution that enables employees to communicate through voice, text, HD video and Web conferencing, and fax on devices, counting smartphones, tablets, PCs, and desk phones for businesses that require a communications solution; RingCentral Professional, an inbound call routing service with text and fax capabilities primarily for smaller businesses; and RingCentral Fax solution that provides Internet fax capabilities, which allow businesses to send and receive fax documents without the need for a fax machine.
United Parcel Service, Inc. (NYSE:UPS), ended its Friday’s trading session with 0.95% gain, and closed at $102.36.
UPS (UPS), which operates one of the nation’s largest commercial trucking fleets, is making collision mitigation technology standard equipment on every new Class 8 tractor the company orders. Each of the more than 2,600 new Class 8 tractors that UPS takes delivery of in 2015 will feature this accident mitigation technology, which alerts drivers to moving and stationary objects in front of the tractor and moving objects surrounding the vehicle.
The collision mitigation systems on UPS’s new Class 8 tractors feature lane departure warnings, electronic stability control, and anti-lock air disc brakes. Stability control monitors the tractor trailer’s motions and, especially during turns and slick conditions, automatically distributes braking power to each wheel for a more precise control.
United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States. The International Package segment provides guaranteed day and time-definite international shipping services in Europe, Asia, Canada and Latin America, the Indian sub-continent, the Middle East, and Africa.
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