On Friday, Coeur Mining Inc (NYSE:CDE)’s shares inclined 3.36% to $3.69.
Coeur Mining, Inc. ( CDE ) stated second quarter 2015 revenue of $166.3 million, adjusted EBITDA 1 of $34.7 million, adjusted net loss 1 of $0.11 per share, and cash flow from operating activities of $36.9 million. Adjusted costs applicable to sales per silver equivalent ounce 1 of $12.56 declined 8% from the first quarter. Adjusted all-in sustaining costs declined 6% from the first quarter to $16.60 per silver equivalent ounce 1 , the lowest level in over two years of reporting this metric.
Second Quarter 2015 Highlights
- Silver production was 4.3 million ounces and gold production was 80,855 ounces, or 9.1 million silver equivalent 1ounces, a 13% enhance as formerly declared on July 9, 2015
- Adjusted costs applicable to sales were $12.56 and adjusted all-in sustaining costs were $16.60 per silver equivalent ounce 1, the lowest level since Coeur began reporting this metric in 2013
- Adjusted costs applicable to sales per gold ounce 1at Kensington of $745 fell 7% from the first quarter
- Adjusted costs applicable to sales per silver equivalent ounce 1at Palmarejo declined 9% from the first quarter to $13.21
- Adjusted costs applicable to sales per silver equivalent ounce 1at Rochester were $12.01, down 7% from the first quarter
- Adjusted costs applicable to sales per silver ounce 1at San Bartolomé dropped 8% from the first quarter to $13.26
Coeur Mining, Inc., through its auxiliaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties primarily in the United States, Mexico, Bolivia, Argentina, Australia, Ecuador, Chile, and New Zealand. Its principal properties comprise the Palmarejo silver and gold mine in Mexico; San Bartolomé silver mine in Bolivia; Kensington gold mine located in Alaska; the Rochester silver and gold mine in Nevada; and the Endeavor mine, an underground zinc, lead, and silver mine in Australia.
Aetna Inc (NYSE:AET)’s shares gained 1.91% to $120.51.
Aetna (NYSE: AET) declared second-quarter 2015 operating earnings (1) of $722.1 million, or $2.05 per share, a per-share enhance of 21 percent over the second quarter of 2014. Net income (2) for the second quarter of 2015 was $731.8 million, or $2.08 per share. Net income for the second quarter of 2015 comprises $0.03 per share of net benefits, which are detailed in the Summary of Results table on page 8.
Total company results
- Operating earnings (1)were $722.1 million for the second quarter of 2015 contrast with $610.0 million for the second quarter of 2014. The 18 percent enhance in operating earnings is primarily due to higher underwriting margins in Aetna’s Health Care segment, partially offset by an enhance in general and administrative expenses.
- Net income (2)was $731.8 million for the second quarter of 2015 contrast with $548.8 million for the second quarter of 2014.
- Pretax operating margin (6)was 8.7 percent for the second quarter of 2015 contrast with 7.6 percent for the second quarter of 2014. The pretax operating margin raised primarily as a result of higher underwriting margins in Aetna’s Government business. The after-tax net income margin was 4.8 percent and 3.8 percent for the second quarters of 2015 and 2014, respectively.
Aetna Inc. operates as a health care benefits company in the United States. It operates through three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment offers medical, pharmacy benefit administration services, dental, behavioral health, and vision plans on an insured basis, and an employer-funded or administrative basis.
At the end of Friday’s trade, xG Technology Inc (NASDAQ:XGTI)‘s shares dipped -58.33% to $0.900.
xG Technology, Inc (XGTI) declared its results for the second quarter ended June 30, 2015.
Key Recent Accomplishments
Received order for about $309,000 for xMax mobile broadband wireless equipment and services which will be integrated into a dedicated Telemedicine/Telehealth Systems Network Infrastructure. The initial network—Phase 1—will be built out in St. George’s, the capital of Grenada, with a Network Operations Center (NOC) capable of supporting regional expansion and growth throughput CARICOM, the community of 15 nations and dependencies located in the Caribbean.
Received an order for about $100,000 in xMax mobile broadband wireless equipment and services and successfully installed and accomplished initial deployment of an xMax broadband network in Escazu, Costa Rica from Itellum, LLC, representing the first stage of xMax network deployments that are predictable to cover additional areas of Costa Rica, with plans for expansion into other Latin American locations. Subsequently received a follow-on order for about $58,000 in xMax mobile broadband wireless equipment and services from Itellum, LLC to further expand the installed footprint.
xG Technology, Inc. develops communications technologies for wireless networks worldwide. The company’s intellectual property is embedded in proprietary software algorithms designed to offer cognitive interference mitigation and spectrum access solutions to organizations in a various industries, counting national defense and rural broadband.
SUPERVALU INC. (NYSE:SVU), ended its Friday’s trading session with 0.55% gain, and closed at $9.14.
Supervalu Inc.(SVU) paid Sam Duncan, its president and CEO, 40 percent more in fiscal 2015 than it did in the previous year, boosting his total compensation to $6.92 million, up from $4.95 million in 2014.
Duncan, 63, has been CEO and president of the grocery wholesaler and retailer since February 2013, when he took over for Wayne Sales, who had been CEO for just seven months. Sales remains a member of Supervalu’s board of directors. The CEO turnover at Supervalu drew a lot of attention to the company’s high compensation for executives and directors.
Duncan’s jump in pay this year was mainly a result of a large stock award he received for the company’s continued positive turnaround, which comprises improved same-store-sales, adjusted earnings and shareholder returns, among others metrics, according to the company’s proxy. Supervalu’s total market capitalization grew from $1.59 billion at the end of fiscal 2014 to $2.59 billion at the end of fiscal 2015.
Former Target Corp. executive Gerald Storch has been nominated by the Supervalu board to continue as non-executive chairman, a position he’s held since January 2014. Since this January, Storch also has been CEO of Hudson’s Bay Co., a retail business group based in Brampton, Ontario.
SUPERVALU INC., together with its auxiliaries, operates as a grocery wholesaler and retailer in the United States. The company operates through three segments: Independent Business, Save-A-Lot, and Retail Food. The Independent Business segment offers wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store independent operators, regional chains, and the military. As of February 28, 2015, this segment operated about 1,825 stores with a network spanning 41 states.
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