On Wednesday, United Parcel Service, Inc. (NYSE:UPS)’s shares declined -0.75% to $97.23.
UPS (UPS), which operates one of the nation’s largest commercial trucking fleets, is making collision mitigation technology standard equipment on every new Class 8 tractor the company orders. Each of the more than 2,600 new Class 8 tractors that UPS takes delivery of in 2015 will feature this accident mitigation technology, which alerts drivers to moving and stationary objects in front of the tractor and moving objects surrounding the vehicle.
The collision mitigation systems on UPS’s new Class 8 tractors feature lane departure warnings, electronic stability control, and anti-lock air disc brakes. Stability control monitors the tractor trailer’s motions and, especially during turns and slick conditions, automatically distributes braking power to each wheel for a more precise control.
United Parcel Service, Inc., a package delivery company, provides transportation, logistics, and financial services in the United States and internationally. It operates in three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States. The International Package segment provides guaranteed day and time-definite international shipping services in Europe, Asia, Canada and Latin America, the Indian sub-continent, the Middle East, and Africa.
Duke Energy Corp (NYSE:DUK)’s shares dropped -0.07% to $72.37.
David Fountain, senior vice president of enterprise legal support for Duke Energy, has been named Duke Energy’s state president in North Carolina, effective Sept. 1, 2015.
Fountain succeeds Paul Newton, who declared his retirement earlier this year.
As state president, Fountain will continue to build on Duke Energy’s long-standing commitment to North Carolina customers by pursuing programs and initiatives that will ensure safe, reliable and environmentally responsible energy at competitive rates.
Duke Energy Corporation, together with its auxiliaries, operates as an energy company in the United States and Latin America. It operates through three segments: Regulated Utilities, International Energy, and Commercial Power. The Regulated Utilities segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, Ohio, Kentucky, and Indiana; and transports and sells natural gas in southwestern Ohio and northern Kentucky.
At the end of Wednesday’s trade, Crown Castle International Corp (NYSE:CCI)‘s shares dipped -0.25% to $80.59.
Crown Castle International Corp. (CCI) reported results for the quarter ended June 30, 2015.
MERGED FINANCIAL RESULTS
As formerly declared, Crown Castle accomplished the sale of its Australian partner (“CCAL”) on May 28, 2015. Starting in the second quarter of 2015, Crown Castle’s historical financial results, counting for periods preceding to May 28, 2015, and current Outlook reflect CCAL as a suspended operation. As such, unless otherwise indicated, figures presented in this press release do not comprise financial results from CCAL.
For comparative purposes, the table below presents site rental revenues, site rental gross margin, Adjusted EBITDA, Adjusted Funds from Operations (“AFFO”) and AFFO per share for Crown Castle’s second quarter 2015 Outlook formerly offered on April 22, 2015 (“Previous Second Quarter 2015 Outlook”), the Previous Second Quarter 2015 Outlook adjusted to reflect CCAL as a suspended operation, and stated results for the second quarter of 2015.
Crown Castle International Corp., together with its auxiliaries, owns, operates, and leases shared wireless infrastructure in the United States and Australia. The company provides towers and other structures, such as rooftops; and distributed antenna systems, a type of small cell network (small cells). It provides access, counting space or capacity to its towers, small cells, and third party land interests via long-term contracts in various forms, counting license, sublease, and lease agreements.
Tupperware Brands Corporation (NYSE:TUP), ended its Wednesday’s trading session with -8.34% loss, and closed at $59.01.
Tupperware Brands Corporation declared second quarter 2015 operating results.
Second Quarter Executive Summary
- Second quarter 2015 net sales were $588.9 million. Emerging markets**, accounting for 67% of sales, achieved an 8% enhance in local currency with contributions most significantly from Brazil, China and the Middle East and North Africa. Established markets were down 2% in local currency, a 4 point sequential improvement from the first quarter, primarily from good performance in Germany and Tupperware United States and Canada.
- GAAP net income of $62.0 million, up 30% as compared to preceding year counting benefits from land transactions and much lower impacts from Venezuelan currency devaluations, together with better profitability in the Tupperware North and South America segments. Not taking into account the impact of foreign currency rates on the comparison, adjusted net income was up 12% as compared to preceding year. Adjusted diluted earnings per share of $1.21 comprised of a 40 cent negative impact as compared to 2014 from changes in foreign exchange rates, in line with the impact comprised of in the April guidance. Earnings per share without items was up 13% in local currency and down 18% as compared to last year in dollars.
- Total sales force of 3.0 million was up 3% as compared to preceding year at the end of the quarter, a 1-point sequential improvement and there were 1% more active sellers in the quarter, a 2-point improvement from the first quarter.
Tupperware Brands Corporation operates as a direct-to-consumer marketer of various products across a range of brands and categories worldwide. The company engages in the manufacture and sale of design-centric preparation, storage, and serving solutions for the kitchen and home, in addition to a line of cookware, knives, microwave products, microfiber textiles, and water related items under the Tupperware brand name.
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