On Friday, Rite Aid Corporation (NYSE:RAD)’s shares declined -2.35% to $7.48.
Rite Aid Corporation (RAD) stated operating results for its fiscal second quarter ended August 29, 2015. The company stated revenues of $7.7 billion, net income of $21.5 million or $0.02 per diluted share, and Adjusted EBITDA of $346.8 million, or 4.5 percent of revenues.
Second Quarter Summary
Revenues for the quarter were $7.7 billion as compared to revenues of $6.5 billion in the preceding year’s second quarter, an enhance of $1.2 billion or 17.5 percent. Retail Pharmacy Segment revenues were $6.6 billion and raised 1.9 percent primarily as a result of an enhance in same store sales. Pharmacy Services Segment revenues were $1.1 billion from the date of the acquisition of EnvisionRx, which was June 24, 2015 through the end of the quarter.
Net income was $21.5 million or $0.02 per diluted share contrast to last year’s second quarter net income of $127.8 million or $0.13 per diluted share. The decline in net income resulted primarily from a $33.2 million loss on debt retirement related to the redemption of the company’s 8.00% senior secured notes, higher depreciation and amortization expense related to EnvisionRx and an enhance in capital spending, higher interest and transaction costs incurred in connection with the company’s acquisition of EnvisionRx, and the cycling of a preceding year benefit of about $40 million related to the Company’s transition to its new drug purchasing and delivery arrangement with McKesson.
Rite Aid Corporation, through its auxiliaries, operates a chain of retail drugstores in the United States. The company sells prescription drugs and a range of other merchandise, counting over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products. It also offers health coaching, shared decision making tools, and health care analytics, counting health coaching for medical decisions, chronic conditions, and wellness; population analytic solutions; and consulting services.
EMC Corporation (NYSE:EMC)’s shares dropped -2.51% to $24.08.
EMC Corporation (EMC) declared it has been named for the 5th successive year to the Dow Jones Sustainability Index (DJSI) North America as a result of its corporate sustainability leadership in the technology industry.
The Dow Jones Sustainability Indices are maintained collaboratively by S&P Dow Jones Indices, one of the world’s leading providers of financial market indices, and RobecoSAM, the investment specialist focused exclusively on Sustainability Investing. The indices measure the performance of the world’s sustainability leaders. RobecoSAM invites more than 3,400 publicly traded companies, counting 800 companies in emerging markets, to report annually on their sustainability practices. Companies are selected based on a comprehensive assessment of long-term economic, environmental and social criteria with a strong focus on long-term shareholder value that account for general in addition to industry-specific sustainability trends. Only firms that lead their industries based on this assessment are comprised of in the indices. The indices are created and maintained according to a systematic methodology, allowing investors to appropriately benchmark sustainability-driven funds and derivatives over the long term.
EMC Corporation develops, delivers, and supports information infrastructure and virtual infrastructure technologies, solutions, and services. It offers enterprise storage systems and software deployed in storage area netoperates (SAN), networked attached storage (NAS), unified storage combining NAS and SAN, object storage, and/or direct attached storage environments, in addition to provides a portfolio of backup products that support a range of enterprise application workloads.
At the end of Friday’s trade, PG&E Corporation (NYSE:PCG)‘s shares surged 1.08% to $50.63.
Pacific Gas and Electric Company (PG&E) declared that it is making a corporate donation of $250,000 to the American Red Cross to assist ease the suffering from the destruction associated with the wildfires in Northern and Central California. Additionally, the company shared it will match up to another $100,000 in employee contributions for a total of up to $350,000.
The American Red Cross is actively working throughout California to assist the tens of thousands of people displaced by wildfires, providing essential services such as food, water and shelter. In PG&E’s service area, the Red Cross has opened shelters near the Valley Fire in Lake and Napa Counties, the Butte Fire in Amador and Calaveras Counties, and the Rough Fire in Fresno County. PG&E is also coordinating employee volunteers to assist staff these shelters.
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. The company’s electricity distribution network comprises of 141,700 circuit miles of electric distribution lines, 55 transmission switching substations, and 603 distribution substations; and electricity transmission network comprises 18,100 circuit miles of interconnected transmission lines and 91 electric transmission substations. Its natural gas system comprises of about 42,700 miles of distribution pipelines, about 6,400 miles of backbone and local transmission pipelines, and various storage facilities.
Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE), ended its Friday’s trading session with -25.46% loss, and closed at $0.430.
Yingli Green Energy Holding Company Limited (YGE), one of the world’s leading solar panel manufacturers, declared that its holding partner, Yingli Energy Company Limited has reached a contract with CFC Group Construction Limited to supply 170 megawatts (MW) of solar panels for utility-scale power plants in China’s Hebei province. It is Yingli’s largest solar panel supply agreement to date in China.
According to the agreement, Yingli will deliver over 650,000 multicrystalline YGE Series solar panels to CFC Construction during the third quarter and fourth quarter of 2015. The panels will be installed in power plants located in the city of Zhangjiakou, one of Hebei province’s largest municipalities. Once operational, the panels are predictable to generate more than 200,000 megawatt-hours of clean energy, offsetting about 120,000 tons of carbon emissions.
Zhangjiakou is an ideal location for the development of solar power plants due to its abundant solar resources, large industrial base, and high demand for electricity, so it was selected by China’s State Council to be the site of the country’s first renewable energy pilot zone. Zhangjiakou also recently won the rights to host the 2022 Winter Olympic Games together with Beijing, and these new solar power plants will assist provide clean solar power for a green, low-carbon Olympics.
Yingli Green Energy Holding Company Limited, together with its subsidiaries, designs, develops, markets, manufactures, sells, and installs photovoltaic (PV) products in the People’s Republic of China and internationally.
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