On Friday, Tidewater Inc. (NYSE:TDW)’s shares inclined 3.30% to $23.15.
Tidewater Inc. (TDW) declared that its Board of Directors has approved an extension of its current common stock repurchase program from its original expiration date of June 30, 2015 to June 30, 2016. If shares are purchased in open market or privately-negotiated transactions following this share repurchase program, the Company will use its accessible cash and/or borrowings under its revolving credit facility or other borrowings to fund any share repurchases. With this approved extension, the Company’s current repurchase program will continue in effect through June 30, 2016. Through May 13, 2015, a total of 2,841,976 of its common shares have been purchased by the Company under this program at a total cost of $100.0 million, or an average price paid per common share of $35.19. As of May 13, 2015, the Company had $100.0 million remaining authorized under this repurchase program accessible to repurchase shares. The Company will continue to evaluate share repurchase opportunities relative to other investment opportunities and in the context of current conditions in the credit and capital markets.
Tidewater Inc. provides offshore service vessels and marine support services through the operation of a fleet of marine service vessels to the offshore energy industry worldwide. The company operates in Americas, Asia/Pacific, Middle East/North Africa, and Sub-Saharan Africa/Europe segments. It provides services in support of offshore exploration, field development, and production, counting towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, remotely operated vehicle (ROV) operations, and seismic and subsea support; and various specialized services, such as pipe and cable laying.
Monsanto Company (NYSE:MON)’s shares dropped -1.95% to $105.21.
The Climate Corporation, a division of Monsanto Company (MON), declared that farmers have mapped more than 75 million row crop acres in their digital agriculture platform, up from 50 million acres in 2014. This noteworthy acre adoption represents nearly 45 percent of all corn and soybean acres planted in the U.S. The company’s digital agriculture platform comprises Climate Basic™, Climate Pro™ and FieldView® from Precision Planting. The company also declared Climate Pro, their premium web and mobile product offering, has grown considerably from its initial launch from 1 million acres last year to more than 5 million acres this year across the U.S.
Together these tools provide one account with multiple product offerings and access points. The farmer can log in on a tablet from his tractor, on a mobile phone as he scouts his fields, or on his desktop computer.
The company emphasized the importance of farmer adoption to the future success of this emerging platform. “The interest we’ve seen from farmers this year in our digital platform reinforces the impact these tools ultimately can have on our industry,” said Mike Stern, President and Chief Operating Officer for The Climate Corporation. “We want to be the digital platform of choice for farmers, and our growth this year is evidence that we’re well on that path,” said Stern.
Monsanto Company, together with its auxiliaries, provides agricultural products for farmers worldwide. It operates in two segments, Seeds and Genomics, and Agricultural Productivity. The Seeds and Genomics segment produces row crop seeds, counting corn, soybean, cotton, and canola seeds principally under the DEKALB, Channel, Asgrow, and Deltapine brands; and vegetable seeds comprising of tomato, pepper, melon, cucumber, pumpkin, squash, beans, broccoli, onions, lettuce, and other seeds under the Seminis and De Ruiter brands.
At the end of Friday’s trade, Jabil Circuit, Inc. (NYSE:JBL)‘s shares dipped -0.27% to $21.98.
Jabil Circuit, Inc. (JBL), stated preliminary, unaudited financial results for its third quarter of fiscal year 2015. The company stated third quarter net revenue of $4.4 billion, a 15 percent enhance from the third quarter of fiscal year 2014.
U.S. generally accepted accounting principles (U.S. GAAP) operating income for the third quarter was $135.4 million and U.S. GAAP net diluted earnings per share was $0.37. Core operating income (as defined below) was $160.5 million and core diluted earnings per share (as defined below) was $0.49.
Jabil’s two reporting segments delivered the following revenue results for the company’s third fiscal quarter:
- Electronics Manufacturing Services: $2.8 billion.
- Diversified Manufacturing Services: $1.6 billion.
Jabil Circuit, Inc., together with its auxiliaries, provides electronic manufacturing services and solutions worldwide. It offers electronics design, production, and product administration services to companies in the aerospace, automotive, computing, defense, digital home, energy, healthcare, industrial, instrumentation, lifestyles, mobility, mold, networking, packaging, peripherals, storage, telecommunications, and wearable technology industries. The companys services comprise integrated design and engineering; component selection, sourcing, and procurement; automated assembly; design and implementation of product testing; parallel global production; enclosure services; systems assembly, direct order fulfillment, and configure-to-order; and injection molding, metal, plastics, precision machining, and automation services.
Allison Transmission Holdings Inc (NYSE:ALSN), ended its Friday’s trading session with 0.67% gain, and closed at $29.85.
Allison Transmission Holdings Inc. (ALSN) declared that it has been working with the U.S. Environmental Protection Agency (EPA) and National Highway Traffic Safety Administration (NHTSA) as they consider revisions to the ‘Phase I’ Model Year 2014-2018 rule regarding fuel efficiency and greenhouse gas emission (GHG) standards for medium and heavy-duty vehicles. The revisions would potentially extend the Phase I program into the middle of the next decade.
Allison is the world’s largest manufacturer of fully automatic transmissions for medium- and heavy-duty commercial vehicles and is a leader in hybrid-propulsion systems for city buses. Celebrating its centennial in 2015, the company continues to focus on fully understanding and addressing the needs of its customers. Accordingly, Allison has embraced the opportunity to collaborate with EPA and NHTSA to align any regulatory effort with the technological and commercial realities of the tractor and vocational vehicle markets.
Allison Transmission Holdings, Inc., together with its auxiliaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles. It offers transmissions for various applications, counting distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.
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