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Monday 17 August 2015
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Latest Update

Pre- Market News Review: Interpublic Group of Companies (NYSE:IPG), Agnico Eagle Mines (NYSE:AEM), Fiat Chrysler Automobiles (NYSE:FCAU), McDonald’s (NYSE:MCD)

On Tuesday, Interpublic Group of Companies Inc (NYSE:IPG)’s shares inclined 0.52% to $21.27.

Interpublic Group (IPG) declared that the company`s Board of Directors has declared a quarterly dividend on IPG common stock of $0.12 per share, payable on September 15, 2015 to holders of record at the close of business on September 1, 2015.

The Interpublic Group of Companies, Inc. provides advertising and marketing services. The company operates in two segments, Integrated Agency Netoperates and Constituency Administration Group. It offers consumer advertising, digital marketing, communications planning and media buying, public relations, and specialized communications disciplines. The company also offers various diversified services, counting public relations, meeting and event production, sports and entertainment marketing, corporate and brand identity, and planned marketing consulting. Its brands comprise McCann, Lowe and Partners, IPG Mediabrands, Carmichael Lynch, Deutsch, Hill Holliday, The Martin Agency, and Mullen, in addition to Foote, Cone & Belding.

Agnico Eagle Mines Ltd (USA) (NYSE:AEM)’s shares gained 0.08% to $23.71.

Agnico Eagle Mines Limited (AEM) stated quarterly net income of $10.1 million , or net income of $0.05 per share for the second quarter of 2015. This result comprises non-recurring losses of $12.9 million ( $0.06 per share), unrealized gains on financial instruments of $9.4 million ( $0.04 per share), non-cash foreign currency translation losses of $4.8 million ( $0.02 per share), non-cash stock option expense of $4.1 million ( $0.02 per share), a non-cash foreign currency translation gain on deferred tax liabilities of $3.2 million ( $0.01 per share) and various mark-to-market and other adjustment gains of $0.8 million ( $0.01 per share). Not taking into account these items would result in adjusted net income of $18.5 million or adjusted net income of $0.09 per share for the second quarter of 2015. In the second quarter of 2014, the Company stated net income of $22.2 million or net income of $0.12 per share.

For the first six months of 2015, the Company stated net income of $38.8 million , or $0.18 per share. This compares with the first six months of 2014 when net income was $119.3 million , or $0.66 per share. Financial results in the 2015 period were negatively influenced by lower gold prices (about 8% lower) and lower by-product metals revenues.

Agnico Eagle Mines Limited engages in the exploration, development, and production of mineral properties. It primarily explores for gold, in addition to for silver, copper, zinc, and lead. The company’s flagship property comprises the LaRonde mine, which comprises a 100% owned LaRonde property that comprises of 36 contiguous mining claims and 1 provincial mining lease covering 1,047.4 hectares; El Coco property, which comprises 22 contiguous mining claims and 1 provincial mining lease comprising 356.7 hectares; and Terrex property that comprises 21 mining claims and 1 provincial mining lease covering 424.4 hectares, in addition to 3 surface rights leases covering in total of about 303.6 hectares in northwestern Quebec. It has exploration activities in Canada, Europe, Latin America, and the United States.

At the end of Tuesday’s trade, Fiat Chrysler Automobiles NV (NYSE:FCAU)‘s shares dipped -1.21% to $16.36.

FCA Replay” is a weekly recap of what’s happening at Fiat Chrysler Automobiles. This week’s edition comprises: FCA’s preliminary second quarter financial results, an enhance in July sales for FCA US, a new dyno cell and Jack Beckman wins back-to-back.

Fiat Chrysler Automobiles N.V., an automotive group, designs, engineers, manufactures, distributes, and sells vehicles and components. It offers passenger cars, light trucks, and light commercial vehicles under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, and Ram brand names, in addition to after-sales services and parts under the Mopar brand name.

McDonald’s Corporation (NYSE:MCD), ended its Tuesday’s trading session with -0.57% loss, and closed at $98.82.

McDonald’s Board of Directors declared a quarterly cash dividend of $0.85 per share of common stock payable on September 16, 2015 to shareholders of record at the close of business on September 1, 2015.

McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States, Europe, the Asia/Pacific, the Middle East, Africa, Canada, and Latin America. The company’s restaurants offer various food products, soft drinks, coffee, and other beverages. As of December 31, 2014, it operated 36,258 restaurants, counting 29,544 franchised restaurants comprising 20,774 franchised to conventional franchisees, 5,228 licensed to developmental licensees, and 3,542 licensed to foreign associates; and 6,714 company-operated restaurants.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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