On Tuesday, Shares of Regions Financial Corp (NYSE:RF), gained 2.86% to $9.52.
Regions Financial Corporation, planned to present at the Barclays Global Financial Services Conference in New York on Wednesday, September 16, 2015.
Regions executives will make a presentation starting at 2:00 p.m. ET.
Regions Financial Corporation, together with its auxiliaries, provides banking and bank-related services to individual and corporate customers in the United States. Its Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending, in addition to equipment lease financing services.
Shares of PG&E Corporation (NYSE:PCG), inclined 2.48% to $48.78, during its last trading session.
Pacific Gas and Electric Company, presented to state regulators its 2017-2019 General Rate Case (GRC), which proposes an average improvement of less than 3 percent in typical residential customer energy bills to support upgrades to technology and electric and gas infrastructure.
With the improvement, typical residential bills are predictable to remain well below the national average while funding investments to make energy safer, cleaner, and more reliable for 6.3 million customers and their families.
“Our customers want us to be the safest and most reliable energy provider in the country while also supporting California’s aims to be the leader in renewable energy and emerging energy technologies. This proposal supports these aims while also balancing the need to keep customer bills as low as possible,” said PG&E Corporation Chairman and CEO Tony Earley.
PG&E Corporation, through its partner, Pacific Gas and Electric Company, transmits, delivers, and sells electricity and natural gas to residential, commercial, industrial, and agricultural customers primarily in northern and central California.
Finally, UTi Worldwide Inc. (NASDAQ:UTIW), ended its last trade with 5.81% gain, and closed at $6.19.
UTi Worldwide Inc., stated financial results for its fiscal 2016 second quarter ended July 31, 2015.
Financial Results for Second Quarter Fiscal Year 2016
For the second quarter of fiscal year 2016, revenues reduced 16.5% to $913.9 million, contrast to $1,094.1 million for the preceding year period, while net revenues reduced 14.0% to $338.5 million, contrast to $393.7 million for the preceding year period. The decrease in net revenues was primarily related to lower air and ocean volumes in freight forwarding in addition to the strengthening of the U.S. dollar against the Euro and South African Rand contrast to the preceding year comparable period. On a constant currency basis, revenues and net revenues were down 8.8% and 5.4%, respectively. As we do every year in the second quarter, we performed an analysis on the value of our goodwill as of July 31, 2015. As a result, we determined that an impairment of goodwill had occurred in our freight-forwarding segment. Accordingly, we recorded a charge for this impairment of $50.0 million. The operating loss for the second quarter of fiscal 2016, inclusive of the goodwill impairment, was $61.2 million contrast to operating income of $1.0 million for the preceding year comparable period, primarily due to the goodwill impairment and lower freight forwarding net revenues. Earnings before interest, taxes, depreciation and amortization, not taking into account goodwill impairment and severance and other items, as set out in the reconciliation comprised with this press release (Adjusted EBITDA), for the second quarter of fiscal 2016 was $11.2 million contrast to $23.8 million for the preceding year period. Free cash flow (defined as cash flow from operations less capital expenditures) was $60.0 million for the second quarter contrast to negative $10.3 million for the preceding year period.
UTi Worldwide Inc. operates as a non-asset-based supply chain services and solutions company. It operates through two segments, Freight Forwarding, and Contract Logistics and Distribution. The Freight Forwarding segment offers airfreight forwarding, ocean freight forwarding, customs brokerage, and other related services.
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