On Monday, Shares of Peabody Energy Corporation (NYSE:BTU), lost -8.28% to $3.10, hitting its lowest level, after Goldman Sachs analysts commented on the coal sector and noted that Peabody has exposure to the Powder River Basin, an area on which the company has a bearish view.
“Coal commodity fundamentals are undoubtedly challenged and unlike the situation in the oil/gas sector there is limited resource dynamism (resource/economics upside and cost downside) that can offset the impact of a negative commodity price outlook,” Goldman said, according to Barron’s.
Peabody Energy Corporation offers mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments. It is involved in mining and sale of thermal coal to electric utilities and metallurgical coal for industrial customers.
Shares of Zoetis Inc. (NYSE:ZTS), inclined 0.02% to $49.78, during its last trading session, hitting its highest level.
Zoetis, stated its financial results for the first quarter of 2015 and declared a comprehensive operational efficiency initiative to enhance its long-term competitive position and profitability. The company also updated its guidance for full year 2015 and offered additional details on its outlook for 2016 and 2017 to reflect the impact of the operational efficiency plans and other factors.
The company stated revenue of $1.1 billion for the first quarter of 2015, which was flat contrast to the first quarter of 2014; revenue reflected an operational enhance of 6%, not taking into account the impact of foreign currency.
Net income for the first quarter of 2015 was $165 million, or $0.33 per diluted share, an enhance of 6% contrast to the first quarter of 2014. Adjusted net income for the first quarter of 2015 was $207 million, or $0.41 per diluted share, an enhance of 8%. Adjusted net income for the first quarter of 2015 excludes the net impact of $42 million, or $0.08 per diluted share, for purchase accounting adjustments, acquisition-related costs and certain noteworthy items. On an operational basis, adjusted net income for the first quarter of 2015 raised 14%, with foreign currency having a negative impact of 6 percentage points.
Zoetis Inc. engages in the discovery, development, manufacture, and commercialization of animal health medicines and vaccines for livestock and companion animals worldwide. The company operates through four segments: the United States; Europe/Africa/Middle East; Canada/Latin America; and Asia/Pacific.
At the end of Monday’s trade, Shares of Zions Bancorporation (NASDAQ:ZION), lost -0.97% to $28.60.
Zions Bancorporation, declared a corporate restructuring in conjunction with several expense and revenue initiatives that are predictable to substantially improve the Company’s profitability metrics.
The organizational changes outlined below are designed to:
- Improve the customer experience (e.g. faster turnaround times)
- Simplify the corporate structure and remove associated costs
- Drive substantial positive operating leverage.
Key elements of recent declaration comprise the following organizational changes:
- Consolidate seven bank charters into a single legal charter (subject to regulatory approval), yet maintain local decision-making CEOs, local pricing of products and services, local credit authority, and local branding.
- Create a Chief Banking Officer position, with responsibility for retail banking, wealth administration, and residential mortgage lending.
- Consolidate risk functions and various non-customer facing operations.
Zions Bancorporation, a financial holding company, provides a range of banking and related services in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.
Finally, Vodafone Group Public Limited Company (NASDAQ:VOD), ended its last trade with -0.56% loss, and closed at $38.81.
Vodafone Group Plc got its debt rating lowered by Standard & Poor’s because of a slower return to growth and the prospect of more spending to shore up spectrum licenses, the airwaves carriers must lease from governments to carry voice and data signals, according to Bloomberg.
The second-largest wireless company’s long-term rating was reduced by one level to BBB+, the third-lowest investment grade, from A-, with a stable outlook.
Vodafone is already rated the third-lowest investment grade with a stable outlook at Moody’s and Fitch. The two firms downgraded Vodafone last year after it agreed to spend 7.2 billion euros ($7.9 billion) to buy Spanish cable operator Grupo Corporativo Ono SA and 7.7 billion euros to purchase Kabel Deutschland Holding AG, Bloomberg Reports.
Vodafone Group Plc operates as a telecommunications company worldwide. It offers voice, messaging, data, and fixed broadband services; unified communication solutions; Vodafone One Net, a converged service, which combines fixed and mobile services for various businesses; carrier voice and data products; machine-to-machine connection services; and cloud and hosting services, such as co-location, managed hosting, private and public cloud services, messaging services, and software-as-a-service applications.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
