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Tuesday 11 August 2015
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Pre-Market News Alert on: Consolidated Edison, (NYSE:ED), Approach Resources (NASDAQ:AREX), Royal Dutch Shell (NYSE:RDS.B), Check Point Software Technologies.

On Wednesday, Consolidated Edison, Inc. (NYSE:ED)’s shares inclined 0.27% to $63.41.

Merged Edison, Inc. (ED) declared a quarterly dividend of 65 cents a share on its common stock, payable September 15, 2015, to stockholders of record as of August 19, 2015.

Merged Edison, Inc. is one of the nation’s largest investor-owned energy companies, with about $13 billion in annual revenues and $44 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following auxiliaries: Merged Edison Company of New York, Inc., a regulated utility providing electric, gas, and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,350 square mile area in southeastern New York state and adjacent section of northern New Jersey and northeastern Pennsylvania; Merged Edison Solutions, Inc., a retail energy supply and services company; Merged Edison Energy, Inc., a wholesale energy services company; and Merged Edison Development, Inc., a company that develops, owns and operates renewable and energy infrastructure projects.

Merged Edison, Inc., through its auxiliaries, engages in regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to about 3.4 million customers in New York City and Westchester County; gas to about 1.1 million customers in Manhattan, the Bronx, and parts of Queens and Westchester County; and steam to about 1,700 customers in parts of Manhattan.

Approach Resources Inc. (NASDAQ:AREX)’s shares dropped -9.30% to $3.12.

Approach Resources Inc. (AREX) stated results for second quarter 2015. Highlights for second quarter 2015 comprise:

  • Record quarterly production of 1,391 MBoe, or 15.3 MBoe/d, an 8% enhance over the preceding-year quarter and an 8% enhance over first quarter 2015
  • EBITDAX was $32.6 million, or $0.80 per diluted share
  • Revenues totaled $38.6 million. Counting realized hedge gains, revenues were $47.9 million
  • Per-unit lease operating expense reduced 20% from the preceding year-year quarter, and 10% from first quarter 2015, to $4.97 per Boe
  • Per-unit cash operating expenses reduced 26% from the preceding-year quarter, and 11% from first quarter 2015, to $11.02 per Boe
  • Adjusted net loss was $2.8 million, or $0.07 per diluted share

Approach Resources Inc., an independent energy company, focuses on the exploration, development, production, and acquisition of unconventional oil and gas reserves in the United States. The company’s properties are primarily located in the Permian Basin in west Texas.

At the end of Wednesday’s trade, Royal Dutch Shell plc (ADR) (NYSE:RDS.B)‘s shares surged 1.17% to $58.13.

Royal Dutch Shell plc’s (RDS-B) capital comprises of 3,918,015,024 A shares and 2,440,410,614 B shares, each with equal voting rights. Royal Dutch Shell plc holds no ordinary shares in Treasury.

The total number of A shares and B shares in issue is 6,358,425,638 and this figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Royal Dutch Shell plc under the FSA’s Disclosure and Transparency Rules.

Royal Dutch Shell plc operates as an independent oil and gas company worldwide. It operates through Upstream and Downstream segments. The company explores for and extracts crude oil, natural gas, and natural gas liquids. It also converts natural gas to liquids to provide fuels and other products; markets and trades natural gas; extracts bitumen from mined oil sands and converts it to synthetic crude oil; and generates electricity from wind energy. In addition, the company engages in manufacturing, supplying, and shipping crude oil; selling fuels, lubricants, bitumen, and liquefied petroleum gas (LPG) for home, transport, and industrial use; converting crude oil into a range of refined products, counting gasoline, diesel, heating oil, aviation fuel, marine fuel, lubricants, bitumen, sulphur, and LPG; producing and marketing petrochemicals, such as the raw materials for plastics, coatings, and detergents for industrial customers; and alternative energy business. Further, it trades hydrocarbons and other energy-related products; provides shipping services; and produces base chemicals comprising ethylene, propylene, and aromatics, in addition to intermediate chemicals, such as styrene monomer, propylene oxide, solvents, detergent alcohols, ethylene oxide, and ethylene glycol.

Check Point Software Technologies Ltd. (NASDAQ:CHKP), ended its Wednesday’s trading session with 0.67% gain, and closed at $82.18.

Check Point® Software Technologies Ltd. ( CHKP), the worldwide leader in securing the Internet, recently declared its financial results for the second quarter ended June 30, 2015.

  • Total Revenue: $395 million, representing a 9 percent enhance year over year
  • Non-GAAP Operating Income: $221 million, representing a 7 percent enhance year over year
  • Non-GAAP EPS: $0.99, representing an 11 percent enhance year over year
  • Deferred Revenues: $780 million, representing an 18 percent enhance year over year

Financial Highlights for the Second Quarter of 2015:

  • Total Revenue: $395 million contrast to $363 million in the second quarter of 2014.
  • GAAP Operating Income: $199 million contrast to $190 million in the second quarter of 2014.
  • Non-GAAP Operating Income: $221 million contrast to $207 million in the second quarter of 2014.
  • GAAP Net Income and Earnings per Diluted Share: GAAP net income was $163 million contrast to $160 million in the second quarter of 2014. GAAP earnings per diluted share were $0.88 contrast to $0.83 in the second quarter of 2014.
  • Non-GAAP Net Income and Earnings per Diluted Share: Non-GAAP net income was $183 million contrast to $172 million in the second quarter of 2014. Non-GAAP earnings per diluted share were $0.99 contrast to $0.89 in the second quarter of 2014.

Check Point Software Technologies Ltd. develops, markets, and supports a range of software, combined hardware, and software products and services for information technology (IT) security worldwide. It offers a portfolio of network security, endpoint security, data security, and administration solutions.

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