On Thursday, Rambus Inc. (NASDAQ:RMBS)’s shares inclined 1.14% to $13.36.
Rambus Inc. (RMBS) stated financial results for the second quarter ended June 30, 2015.
GAAP Financial Results:
Revenue for the second quarter of 2015 was $72.8 million, which was relatively flat on a sequential basis from the first quarter of 2015 primarily due to higher sales of security products offset by lower royalty revenue. As contrast to the second quarter of 2014, revenue was down 5% primarily due to lower royalty revenue, offset by higher revenue from a new license agreement signed with IBM during the first quarter of 2015 in addition to higher sales of security and lighting products.
Rambus Inc. operates as a technology solutions company in South Korea, the United States, Japan, Europe, Canada, Asia, and internationally. The company’s technology solutions comprise memory, chip interfaces and architectures, end-to-end security, and advanced LED lighting. It focuses on designing, developing, and licensing technology that is related to memory and interfaces; and providing various services, counting know-how and technology transfer, product design and development, system integration, and other services.
Principal Financial Group Inc (NYSE:PFG)’s shares dropped -1.07% to $52.48.
Principal Financial Group, Inc. (PFG) recently declared results for second quarter 2015.
- Operating earnings raised to $323.9 million for second quarter 2015, contrast to $323.1 million for second quarter 2014. After adjusting for normalizing items and foreign exchange rates, operating earnings raised 10 percent over second quarter 2014. Operating earnings per diluted share (EPS) raised 1 percent to $1.09 for second quarter 2015, contrast to $1.08 for second quarter 2014.
- Net incomeaccessible to common stockholders for second quarter 2015 reduced to $241.1 million, or 81 cents per diluted share, contrast to $306.3 million, or $1.03 per diluted share for second quarter 2014.
- Operating revenuesraised 34 percent in second quarter 2015 to $3,406.8 million from higher sales and fee income, contrast to $2,542.6 million for second quarter 2014.
- Fee income3raised 6 percent to $908.5 million for the second quarter 2015, contrast to $855.3 million for second quarter 2014.
Principal Financial Group, Inc. provides retirement, asset administration, and insurance products and services. It operates through Retirement and Investor Services, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments. The Retirement and Investor Services segment provides a portfolio of asset accumulation products and services for retirement savings and investment to businesses, institutional clients, and employees of business and other individuals.
At the end of Thursday’s trade, Fortuna Silver Mines Inc (NYSE:FSM)‘s shares dipped -9.12% to $2.49.
Fortuna Silver Mines Inc. (FSM) declared second quarter production figures from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 1.7 million ounces of silver, 9,032 ounces of gold and noteworthybase metal by-products. Silver and gold production for the first six months of the year totaled 3.3 million and 18,771 ounces respectively; reflecting 51 percent and 53 percent of the company’s annual guidance (see Fortuna news release dated January 15, 2015). Fortuna is on plan to produce 6.5 million ounces of silver and 35.3 thousand ounces of gold or 8.6 million ounces of Ag Eq* in 2015.
Second Quarter Production Highlights:
- Silver production of 1,671,309 ounces; 3 % enhance over Q2 2014
- Gold production of 9,032 ounces; 6 % enhance over Q2 2014
- Lead production of 4,770,470 pounds; 20 % enhance over Q2 2014
- Zinc production of 8,574,831 pounds; 28 % enhance over Q2 2014
- Cash cost** for the San Jose Mine is US$58.0 /t; on track to meet annual guidance of US$62.7/t
- Cash cost** for the Caylloma Mine is US$88.6 /t; on track to meet annual guidance of US$90.3/t
Fortuna Silver Mines Inc. engages in the exploration, extraction, and processing of silver and gold properties in Latin America. The company’s principal assets comprise Caylloma mine, which produces silver, gold, zinc, and lead commodities located to the northwest of Arequipa, Peru; and the San Jose silver-gold mine located in the central portion of the state of Oaxaca, Mexico. It sells lead, silver, zinc, gold, and silver concentrates to international metals traders.
Sunoco Logistics Partners L.P. (NYSE:SXL), ended its Thursday’s trading session with 1.34% gain, and closed at $34.72.
ETP also owns the general partner, 100% of the incentive distribution rights, and about 67.1 million common units in Sunoco Logistics Partners L.P. (SXL), which operates a geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil acquisition and marketing assets. Energy Transfer Equity, L.P. stated that despite recent turmoil in the world energy and financial markets, it is confirming its merger proposal, under which ETE would acquire all of the outstanding common stock of The Williams Companies, Inc. (WMB) (“Williams” or “WMB”) at a fixed exchange ratio of 0.9358 ETE Corp shares for each Williams share, representing a 32.4% premium to the Williams common share closing price as of June 19, 2015, based on ETE’s unit price on the same date.
Despite comments made by Williams administration to research analysts and WMB stockholders, ETE continues to be open to engaging in the planned alternatives process declared by Williams, but only if it is fair and evenhanded and is not designed to disadvantage ETE (and ultimately WMB shareholders) or unduly restrict ETE’s ability to pursue the projected transaction.
Regardless of whether ETE take parts in the Williams process, ETE is ready to provide confidential information to WMB without material restrictions so that WMB and its Board can understand what ETE believes to be the truly unique and compelling investment and return characteristics accessible to the Williams stockholder from this combination.
Sunoco Logistics Partners L.P. transports, terminals, and stores crude oil, refined products, and natural gas liquids (NGLs). It operates through four segments: Crude Oil Pipelines, Crude Oil Acquisition and Marketing, Terminal Facilities, and Products Pipelines. The Crude Oil Pipelines segment transports crude oil primarily in Oklahoma and Texas. It contains about 5,300 miles of crude oil trunk pipelines, in addition to about 500 miles of crude oil gathering lines.
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