On Friday, Eaton Corp plc (NYSE:ETN)’s shares declined -0.25% to $55.72.
Power administration company Eaton Corporation plc (ETN) declared that operating earnings per share, which exclude charges of $0.02 per share to integrate recent acquisitions, were $1.16 for the second quarter of 2015, up 5 percent over the second quarter of 2014, adjusted for the Aerospace divestitures and the litigation settlements recorded in the second quarter of 2014. Sales in the second quarter of 2015 were $5.4 billion, 7 percent lower than the same period in 2014. Operating earnings for the second quarter of 2015, not taking into account pre-tax charges of $12 million to integrate recent acquisitions, were $543 million.
Eaton Corporation plc operates as a power administration company worldwide. Its Electrical Products segment offers electrical components, industrial components, residential products, wiring devices, and structural support systems, in addition to single phase power quality, emergency lighting, fire detection, circuit protection, and lighting products. The company’s Electrical Systems and Services segment provides power distribution and assemblies, three phase power quality products, hazardous duty electrical equipment, intrinsically safe explosion-proof instrumentation, utility power distribution products, power reliability equipment, and services.
Cloud Peak Energy Inc. (NYSE:CLD)’s shares dropped -3.86% to $2.99.
Cloud Peak Energy Inc. (CLD), one of the largest U.S. coal producers and the only pure-play Powder River Basin (“PRB”) coal company, declared results for the second quarter and first six months of 2015.
- Second quarter 2015 Adjusted EBITDA of $10.6 million contrast to $45.2 million for the second quarter of 2014.
- Shipments for the second quarter of 2015 were 16.0 million tons, down from 20.6 million tons for the same period in 2014 due to weather-related impacts to the railroads and mines, together with Cordero Rojo Mine transitioning to lower production levels.
- Cost per ton was $10.75 in the second quarter of 2015, increasing from $10.48 in the second quarter of 2014. The higher unit costs were primarily attributed to lower shipments.
- A $33.4 million non-cash impairment charge regarding goodwill from a 1997 acquisition was recorded at the Company’s 8400 Btu Cordero Rojo Mine.
- The final lease by application (“LBA”) payments of $69 million were made in June resulting in no further committed payments going forward.
Cloud Peak Energy Inc., through its auxiliaries, produces coal in the Powder River Basin (PRB) and the United States. The company operates through Owned and Operated Mines, Logistics and Related Activities, and Corporate and Other segments. It produces and sells sub-bituminous thermal coal with low sulfur content primarily to electric utilities operating in the United States and internationally.
At the end of Friday’s trade, Terex Corporation (NYSE:TEX)‘s shares dipped -1.59% to $20.67.
Terex Corporation (TEX) declared income from ongoing operations of $85.2 million, or $0.78 per share for the second quarter of 2015, as contrast to income from ongoing operations of $87.8 million, or $0.76 per share for the second quarter of 2014. Net sales were $1,828.5 million in the second quarter of 2015, a decrease of $226.6 million, or 11.0%, when contrast with $2,055.1 million in the second quarter of 2014. Not taking into account the impact of currency, net sales declined about 2.0%. Income from operations was $148.3 million in the second quarter of 2015, a decrease of $12.6 million when contrast to income from operations of $160.9 million in the second quarter of 2014.
Terex Corporation operates as a lifting and material handling solutions company. Its Aerial Work Platforms segment designs, manufactures, services, and markets aerial work platform equipment, telehandlers, and light towers, in addition to related components and replacement parts under Terex and Genie names. The company’s Construction segment offers compact construction equipment, counting loader backhoes, mini and midi excavators, wheeled excavators, site dumpers, compaction rollers, skid steer loaders, and wheel loaders; and specialty equipment, such as material handlers, concrete mixer trucks, and concrete pavers. Its Cranes segment designs, manufactures, services, refurbishes, and markets mobile telescopic, tower, lattice boom crawler, lattice boom truck, utility equipment, and truck-mounted cranes, in addition to related components and replacement parts under Terex name.
Idera Pharmaceuticals Inc (NASDAQ:IDRA), ended its Friday’s trading session with 8.44% gain, and closed at $3.34.
Idera Pharmaceuticals, Inc. (IDRA), a clinical-stage biopharmaceutical company developing toll-like receptor and RNA therapeutics for patients with cancer and rare diseases, declared that it has appointed Mark J. Casey as Senior Vice President, General Counsel and Secretary of the Board of Directors.
Vincent J. Milano, Chief Executive Officer of Idera Pharmaceuticals stated, “Mark’s experience and acumen are perfect matches for Idera and we look forward to the immediate positive impact he will make to our growing team. Importantly, Mark fits incredibly well into the corporate culture we are fostering at Idera that will continue to drive us to delivering therapies for patients suffering from life-threatening diseases whose needs are presently unmet.
Idera Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery, development, and commercialization of novel therapeutics for oncology and rare diseases in the United States. It uses two proprietary drug discovery technology platforms to design and develop drug candidates, counting toll-like receptor targeting technology and gene silencing oligonucleotide (GSO) technology.
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