On Thursday, Discovery Communications Inc. (NASDAQ:DISCK)’s shares declined -0.87% to $27.25.
Discovery Communications, Inc. (DISCK) Reports Second Quarter 2015 Results
Second Quarter 2015 Financial Highlights:
- Revenues raised 3% to $1,654 million (raised 11% not taking into account currency effects)
- Adjusted OIBDA reduced 2% to $680 million (raised 6% not taking into account currency effects)
- Adjusted EPS reduced 16% to $0.49 (raised 4% not taking into account currency effects)
- Repurchased $207 million worth of stock
Second Quarter Results
Second quarter revenues of $1,654 million raised $44 million, or 3%, over the second quarter a year ago, led by 5% growth at U.S. Netoperates and 1% growth at International Netoperates. Adjusted Operating Income Before Depreciation and Amortization(1) (“OIBDA”) reduced 2% to $680 million, as 7% growth at U.S. Netoperates was more than offset by an 11% decline at International Netoperates and a small operating loss at Education and Other. Total Company revenues grew 11% and Adjusted OIBDA grew 6% not taking into account currency effects, as changes in foreign currency exchange rates reduced both second quarter revenue and Adjusted OIBDA growth by 8%. Not taking into account currency effects, the impact of Eurosport(2) and the consolidation of Discovery Family, total Company revenues raised 4% and Adjusted OIBDA raised 3%.
Discovery Communications, Inc. operates as a media company. The company operates through U.S. Netoperates; International Netoperates; and Education and Other segments. It owns and operates television netoperates under the brands, such as Discovery, TLC, Animal Planet, Investigation Discovery, Science, Velocity, Discovery Family, American Heroes, Destination America, Discovery Life, Oprah Winfrey network, Eurosport, DMAX, and Discovery Kids.
Banro Corporation (USA) (NYSEMKT:BAA)’s shares showed no change to $0.210.
Banro Corporation (BAA) declares that it has filed on SEDAR a National Instrument 43-101 technical report in respect of the Company’s Twangiza gold mine, which follows the Mineral Reserve update for Twangiza declared by the Company in its June 8, 2015 press release. This report, which was prepared by SRK Consulting (UK) Limited (“SRK”), is dated July 29, 2015 and entitled “NI 43-101 Technical Report, Mineral Resource and Reserve Update, December 31 2014, Twangiza Gold Mine, Democratic Republic of the Congo” (the “Technical Report”).
Highlights
- As formerly stated in Banro’s June 8, 2015 press release, as at December 31, 2014, Twangiza Proven and Probable Reserves raised 59% to 1.64 million ounces (“Moz”) of gold (22.38Mt @ 2.28g/t Au) with the inclusion of non-oxide materials in the reserve pit shell which are now considered to be economically treatable with the existing plant.
- Total gold production of 1,246,311 ounces over 14 years, with an average annual production of 108,733 ounces of gold over the first 5 years.
- Average total cash operating costs over the current life of mine of US$699/ounce, with total cost per ounce over the current life of mine of US$888/ounce.
- Post-tax net present value (“NPV”) of US$285 million based on a 5% discount rate and a gold price of US$1,200 per ounce.
Banro Corporation, together with its auxiliaries, engages in the exploration, development, and production of mineral properties. It primarily explores for gold. The company holds a 100% interest in 4 gold properties, counting Twangiza, Namoya, Lugushwa, and Kamituga comprising 13 exploitation permits that cover an area of about 2,612 square kilometers in the South Kivu and Maniema provinces of the Democratic Republic of the Congo.
At the end of Thursday’s trade, Boeing Co (NYSE:BA)‘s shares surged 1.67% to $144.81.
Boeing [BA] declared that Oman Air has contracted for a suite of services to support the forthcoming entry into service of the airline’s 787 Dreamliners and to ensure ongoing efficiency and cost savings for its fleet.
Boeing will support Oman Air’s 787s with its Component Services (formerly Rotables Exchange) program, Loadable Software Airplane Parts service and Airplane Health Administration. Together, these services will assist Oman Air minimize the time and cost of maintenance while increasing airplane availability.
With the Component Services program, Oman Air will have access to a Boeing-managed, dedicated pool of high-value, mission-critical parts, enabling the airline to greatly reduce their inventory administration costs while improving component availability.
The Boeing Company, together with its auxiliaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in five segments: Commercial Airplanes, Boeing Military Aircraft, Network & Space Systems, Global Services & Support, and Boeing Capital. The Commercial Airplanes segment develops, produces, and markets commercial jet aircraft for various passenger and cargo requirements, in addition to provides related support services to the commercial airline industry.
Discover Financial Services (NYSE:DFS), ended its Thursday’s trading session with -0.74% loss, and closed at $55.09.
Discover is giving students who sign up for a new Discover student credit card an added incentive to get good grades while they are in school. New student cardmembers who apply after July 23, 2015 will be rewarded with $20 in Cashback Bonus® if their grade point average is 3.0 (or equivalent) or higher each year they are enrolled in school, for the first five years from the account opening.
The Good Grades $20 Cashback Bonus will be in addition to the current rewards structures for the two student credit cards Discover has accessible:
- Discover it® chrome for Students offers an automatic 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases quarterly.
- Discover it® for Students offers 5% cash back in categories that change each quarter, up to the quarterly maximum in combined purchases, when you sign up.
- Both cards earn 1% cash back on all other purchases.
Discover Financial Services operates as a direct banking and payment services company in the United States. It operates in two segments, Direct Banking and Payment Services. The Direct Banking segment offers Discover-branded credit cards to individuals; and other consumer products and services, counting private student loans, personal loans, home loans, home equity loans, prepaid cards, and other consumer lending, in addition to deposit products, such as certificates of deposit, money market accounts, savings accounts, checking accounts, and individual retirement arrangement certificates of deposit.
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