On Thursday, Freeport-McMoRan Inc (NYSE:FCX)’s shares inclined 0.54% to $12.02.
Freeport-McMoRan Inc (FCX) has beta value of 2.33. The company has the market capitalization of $13.58 billion. Return on assets ratio of the company was -11.40% while its return on equity ratio was -38.10%. ATR value of company was 0.80 while stock volatility for week was 6.35% while for month was 6.91%. Debt to equity ratio of the company was -1.51 and its current ratio was 1.80.
Freeport-McMoRan declared:
- Net loss attributable to common stock totaled $3.8 billion, $3.58 per share, for third-quarter 2015. After adjusting for net charges totaling $3.7 billion, $3.43 per share, third-quarter 2015 adjusted net loss attributable to common stock totaled $156 million, $0.15 per share.
- Merged sales totaled 1.0 billion pounds of copper, 294 thousand ounces of gold, 23 million pounds of molybdenum and 13.8 million barrels of oil equivalents (MMBOE) for third-quarter 2015, contrast with 1.1 billion pounds of copper, 525 thousand ounces of gold, 22 million pounds of molybdenum and 12.5 MMBOE for third-quarter 2014.
- Merged sales for the year 2015 are predictable to approximate 4.1 billion pounds of copper, 1.2 million ounces of gold, 90 million pounds of molybdenum and 52.7 MMBOE, counting 1.1 billion pounds of copper, 310 thousand ounces of gold, 21 million pounds of molybdenum and 13.3 MMBOE for fourth-quarter 2015.
- Average realized prices were $2.38 per pound for copper, $1,117 per ounce for gold and $55.88 per barrel for oil (counting $11.03 per barrel for cash gains on derivative contracts) for third-quarter 2015.
- Merged unit net cash costs for third-quarter 2015 averaged $1.52 per pound of copper for mining operations and $18.85 per barrel of oil equivalents (BOE) for oil and gas operations.
- Operating cash flows totaled $822 million (counting $507 million in working capital sources and changes in other tax payments) for third-quarter 2015. Based on current sales volume and cost estimates and assuming average prices of $2.40 per pound for copper, $1,150 per ounce for gold, $5.50 per pound for molybdenum and $50 per barrel for Brent crude oil for fourth-quarter 2015, operating cash flows are predictable to approximate $3.3 billion for the year 2015. Using similar price assumptions, operating cash flows are predictable to approximate $6.8 billion for the year 2016.
Freeport-McMoRan Inc. (FCX) is a natural resource company with an industry portfolio of mineral assets, oil and natural gas resources, and a production profile. FCX has organized its operations into six primary divisions: North America copper mines, South America mining, Indonesia mining, Africa mining, Molybdenum mines, and United States oil and gas operations.
Southwest Airlines Co (NYSE:LUV)’s shares gained 7.38% to $44.07.
Southwest Airlines Co (LUV) is currently valued at $27.06 billion. The company has 659.36 million shares outstanding and 78.00% shares of the company were owned by institutional investors. The company has 1.53 value in price to sale ratio while price to book ratio was recorded as 4.10. The company exchanged hands with 15.27 million shares as compared to its average daily volume of 6.67 million shares. It beta stands at 0.66.
Southwest Airlines stated its third quarter 2015 results:
- Record third quarter net income, not taking into account special items1, of $623 million, or $.94 per diluted share. This represented a $241 million improvement from third quarter 2014 and exceeded the Thomson Reuters First Call mean estimate of $.92 per diluted share.
- Record third quarter GAAP2 net income of $584 million, or $.88 per diluted share, contrast with third quarter 2014 GAAP net income of $329 million.
- Record quarterly GAAP operating income of $1.2 billion. Not Taking Into Account special items, record third quarter operating income of $1.0 billion, resulting in an operating margin3 of 20.3 percent.
- Returned $549 million to Shareholders through dividends and share repurchases during third quarter 2015, and $1.4 billion during the first nine months of 2015.
- Return on invested capital, before taxes and not taking into account special items (ROIC)1, for the 12 months ended September 30, 2015, of 31.1 percent, contrast with 19.0 percent for the 12 months ended September 30, 2014.
Southwest Airlines Co. operates Southwest Airlines (Southwest). Southwest is a passenger airline that provides planned air transportation in the United States and near-international markets. The Company serves around 93 destinations in 40 states and runs international services to Montego Bay, Nassau, Oranjestad, Cabo San Lucas/Los Cabos, Cancun, Mexico City and Punta Cana.
At the end of Thursday’s trade, Activision Blizzard, Inc. (NASDAQ:ATVI)‘s shares surged 2.87% to $34.75.
Activision Blizzard, Inc. (ATVI) offered 65.90% EPS for prior five years. The company has 12.70% return on equity value while its ROI ratio was 9.00%. The company has $24.63 billion market capitalizations and the institutional ownership was 69.80%. Its price to book ratio was 3.24. Volatility of the stock was 2.02% for the week while for the month booked as 2.63%.
Activision Blizzard, declared a new division that will build on the Company’s competitive gaming leadership by creating all-new ways to deliver the best-in-class fan experience across games, platforms and geographies, furthering the development of its world-leading esports ecosystem. Former CEO of ESPN and the NFL Network Steve Bornstein will serve as the division’s Chairman and Mike Sepso, who was most recently a co-founder and president of Major League Gaming (MLG), will serve as its Senior Vice President.
Activision Blizzard has a rich history in esports:
- Blizzard Entertainment’s StarCraft® was the early pioneer in large-scale mainstream, televised esports, since the 1990s.
- Blizzard Entertainment has many of the world’s biggest and most beloved esports competitions. This year’s BlizzCon® event will take place November 6-7 in Anaheim, Calif. and will feature the global finals for StarCraft® II, World of Warcraft®, Heroes of the Storm™ and Hearthstone®. Players have been competing for more than $4 million in prizes across Road to BlizzCon tournaments.
- Earlier this year, Blizzard Entertainment launched Heroes of the Dorm™, the first collegiate esports event to be televised on ESPN2. More than 6,000 collegiate players, representing 460-plus schools, competed in the tournament with the winning team from UC Berkeley securing the grand prize of fully-paid tuition for each of its members.
- Activision Publishing hosts the annual Call of Duty Championship. Call of Duty® is the top console esports franchise in the world.
- On September 24, 2015, Activision Publishing declared the creation of the Call of Duty® World League, which provides a $3 million prize pool to professional and amateur players.
- Since its launch, Destiny has become the most watched console game on Twitch.
Activision Blizzard, Inc. is a developer and publisher of online, personal computer (PC), video game console, handheld, mobile and tablet games. The Company offers games that operate on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360), Nintendo Co. Ltd. (Nintendo) Wii U (Wii U) and Wii (Wii), and Sony Computer Entertainment Inc. (Sony) PlayStation 4 (PS4) and PlayStation 3 (PS3) console systems.
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