On Monday, SBA Communications Corporation (NASDAQ:SBAC)’s shares inclined 0.85% to $111.99.
SBA Communications Corporation (SBAC) stated results for the quarter ended June 30, 2015. Highlights of the results comprise:
Second quarter over year earlier period:
- Site leasing revenue growth of 9%
- Tower Cash Flow growth of 10%
- Net income raised from a $9.5 million loss to $28.3 million in income
- Adjusted EBITDA growth of 9%
- AFFO Per Share growth of 8%
Operating Results
Total revenues in the second quarter of 2015 were $410.7 million contrast to $383.4 million in the year earlier period, an enhance of 7.1%. Site leasing revenue of $370.5 million raised 8.8% over the year earlier period. Domestic cash site leasing revenue was $300.2 million in the second quarter of 2015 contrast to $276.6 million in the year earlier period, an enhance of 8.5%. International cash site leasing revenue was $57.0 million in the second quarter of 2015 contrast to $48.6 million in the year earlier period, an enhance of 17.3%. Eliminating the impact of changes in foreign currency exchange rates, total site leasing revenue and international cash site leasing revenue would have raised 13.9% and 49.0%, respectively, over the year earlier period. Site development revenues were $40.2 million in the second quarter of 2015 contrast to $43.0 million in the year earlier period, a decrease of 6.3%.
SBA Communications Corporation owns and operates wireless communications tower structures, rooftops, and other structures that support antennas used for wireless communications in the United States and its territories, Canada, Central America, and Brazil. The company operates through two segments, Site Leasing and Site Development.
Pattern Energy Group Inc (NASDAQ:PEGI)’s shares gained 4.12% to $21.46.
Pattern Energy Group Inc. (PEGI) declared it has accomplished the acquisition of the remaining 170 megawatt (MW) ownership interests in the 283 MW Gulf Wind power facility in Kenedy County, Texas from Pattern Energy Group LP (“Pattern Development”) and MetLife Capital LP.
The Gulf Wind facility comprises of 118 wind turbines and has the capacity to generate 283 MW of energy, the power equivalent to the annual energy usage of about 80,000 Texas homes.
Pattern Energy Group Inc., an independent power company, owns and operates power projects in the United States, Canada, and Chile. As of March 2, 2015, the company owned interests in 12 wind power projects with the capacity of 1,636 megawatts. It sells electricity primarily to local utilities. Pattern Energy Group Inc. was founded in 2012 and is headquartered in San Francisco, California.
At the end of Monday’s trade, Total System Services, Inc. (NYSE:TSS)‘s shares surged 0.09% to $46.70.
TSYS® (TSS) and Acquirer Systems declared the launch of ASTREX, a new testing solution that simplifies the EMV® certification process for both Value-Added Resellers (VARs) and Integrated Software Vendors (ISVs). Developers can now use a streamlined approach to integrate with TSYS’ current testing environment, where ASTREX provides a robust card brand simulation tool with real-time results. The efficient testing functionality cuts EMV certification time in half.
As an EMV payments simulation platform, developers can test a full range of transactions and network scenarios. This powerful and comprehensive testing solution eliminates complex integration steps with its scalability, and also reduces overall EMV implementation costs. ASTREX gives VARs and ISVs the peace of mind that their POS solutions will qualify for EMV certification on the first attempt.
Total System Services, Inc. provides electronic payment processing services to banks and other financial institutions in the United States, Europe, Canada, Mexico, and internationally. It operates through four segments: North America Services, International Services, Merchant Services, and NetSpend. The company offers account processing and output services, counting processing the card application, initiating service for the cardholder, processing card transaction for the issuing retailer or financial institution, and accumulating the account’s transactions.
Raytheon Company (NYSE:RTN), ended its Monday’s trading session with -1.01% loss, and closed at $105.46.
Raytheon Company (RTN) declared net sales for the second quarter 2015 were $5.8 billion contrast to $5.7 billion in the second quarter 2014. Second quarter 2015 EPS from ongoing operations was $1.65 contrast to $1.59 in the second quarter 2014. Second quarter 2015 EPS from ongoing operations comprised of a favorable FAS/CAS Adjustment of $0.10 contrast to a favorable FAS/CAS Adjustment of $0.18 in the second quarter 2014. In addition, second quarter 2015 EPS from ongoing operations comprised of, as predictable, a $0.29 favorable impact from a tax settlement.
The Company had bookings of $7.6 billion in the second quarter 2015, resulting in a book-to-bill ratio of 1.30. In the second quarter 2014, bookings were $6.8 billion. Year-to-date 2015 bookings were $12.1 billion, resulting in a book-to-bill ratio of 1.08. Year-to-date 2014 bookings were $11.1 billion.
Raytheon Company develops integrated products, services, and solutions in the areas of sensing; effects; command, control, communications, and intelligence; mission support; and cyber and information security worldwide. It operates in four segments: Integrated Defense Systems (IDS); Intelligence, Information, and Services (IIS); Missile Systems (MS); and Space and Airborne Systems (SAS). The IDS segment provides integrated air and missile defense; radar solutions; naval combat and ship electronic systems; command, control, communications, computers, and intelligence solutions; and air traffic administration systems.
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