On Wednesday, Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -5.41% to $7.34, as Copper and oil prices at a six-year low are reducing profits for commodity companies around the world, according to Bloomberg.
Shares of oil-related firms were hammered Wednesday after the U.S. Energy Information Administration stated an enhance in crude-oil supplies even as prices hit record lows.
Crude-oil futures for September delivery were off more than 4% after the EIA report revealed the rise in oil inventories. The energy sector, off 2.6%, was driving the S&P 500′s 10 main sectors lower.
Chesapeake Energy Corporation produces oil and natural gas through acquisition, exploration, and development of from underground reservoirs in the United States.
Shares of Analog Devices, Inc. (NASDAQ:ADI), inclined 0.83% to $58.38, during its last trading session.
Analog Devices declared financial results for its third quarter of fiscal year 2015, which ended August 1, 2015.
ADI also declared that the Board of Directors has declared a cash dividend of $0.40 per outstanding share of common stock. The dividend will be paid on September 9, 2015 to all shareholders of record at the close of business on August 28, 2015.
Results for the Third Quarter of Fiscal Year 2015
- Revenue totaled $863 million, up 5% sequentially, and up 19% year-over-year
- GAAP gross margin of 65.9% of revenue; Non-GAAP gross margin of 66.1% of revenue
- GAAP operating margin of 30.7% of revenue; Non-GAAP operating margin of 34.2% of revenue
- GAAP diluted EPS of $0.68; Non-GAAP diluted EPS of $0.77
Analog Devices, Inc. engages in the design, manufacture, and marketing of analog, mixed-signal, and digital signal processing integrated circuits (ICs) for use in industrial, automotive, consumer, and communication markets worldwide.
Finally, Capital One Financial Corporation (NYSE:COF), ended its last trade with -1.40% loss, and closed at $80.12.
Capital One Spark Business declared the launch of an integrated campaign designed to assist its small business customers build awareness, compete and grow their enterprises in recently’s increasingly complex and competitive marketplace.
According to a new Spark Business survey, one of the top challenges that small business owners face is marketing – with only two in five having executed a marketing campaign in the past six months, despite 70 percent who say they would if they had the resources and capabilities. The Spark Plug campaign is designed to address that challenge head-on – by assisting small business customers enhance awareness and generate new business throughout their local communities.
Throughout the Spark Plug campaign, Spark Business Bank customers presented nominations for the chance to receive custom print, out-of-home, video, and digital advertisements, at no cost to them. Throughout the Spark Plug campaign, Capital One selected 125 small businesses and produced 150 custom advertising assets. The assets will be marketed by Capital One in select cities started recently and over the course of the next few months on targeted media channels aimed at driving awareness and reaching new customers.
Capital One Financial Corporation operates as the bank holding company for the Capital One Bank (USA), National Association (COBNA); and Capital One, National Association (CONA), which provide various financial products and services in the United States, the United Kingdom, and Canada.
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