On Monday, Amphenol Corporation (NYSE:APH)’s shares declined -1.99% to $54.75.
Amphenol Corporation (APH) stated second quarter 2015 diluted earnings per share not taking into account one-time items of $0.58 contrast to $0.54 for the comparable 2014 period. (All per share and share amounts comprised of herein have been adjusted to reflect the Company’s 2-for-1 stock split effective October 9, 2014.) On an as stated basis, diluted earnings per share for the second quarter of 2015 was $0.56. Such per share amount for the 2015 quarter comprises a charge for acquisition-related transaction costs of $6 million ($0.02 per share). Sales for the second quarter of 2015 were $1.351 billion contrast to $1.314 billion for the 2014 period. Currency translation had the effect of decreasing sales by about $51 million in the second quarter of 2015 contrast to the 2014 period.
For the six months ended June 30, 2015, diluted earnings per share not taking into account one-time items was $1.15, contrast to $1.04 for the comparable 2014 period. On an as stated basis diluted earnings per share for the six months ended June 30, 2015 was $1.13, contrast to $1.03 for the comparable 2014 period. The 2015 period comprises the one-time charge for acquisition-related transaction costs described above. The 2014 period comprises a one-time charge of $2 million ($.01 per share) related to the amortization of the value associated with attained backlog regarding an acquisition accomplished by the Company in the fourth quarter of 2013. Sales for the six months ended June 30, 2015 were $2.679 billion contrast to $2.560 billion for the 2014 period. Currency translation had the effect of decreasing sales by about $101 million for the first six months of 2015 contrast to the 2014 period.
Amphenol Corporation, together with its auxiliaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors worldwide. It operates through two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment produces connectors and connector systems, counting fiber optic, harsh environment, high speed, and radio frequency interconnect products, in addition to antennas; power interconnect products, bus bars, and distribution systems; and other connectors.
Liberty Global plc - Class A Ordinary Shares (NASDAQ:LBTYA)’s shares dropped -1.58% to $51.13.
Liberty Global plc - Class A Ordinary Shares (LBTYA,) declared that it accomplished its formerly declared distribution of the tracking stock for its operations in Latin America and the Caribbean (the “LiLAC Group”) to shareholders. These ordinary shares will start regular-way trading on July 2, 2015, at 09:30 a.m. EDT. The LiLAC Class A (LILA) and Class C (LILAK) ordinary shares will trade on NASDAQ, and the LiLAC Class B (LILAB) ordinary shares will trade on OTC Link. The Liberty Global Class A, Class B and Class C ordinary shares will continue to trade on NASDAQ under the symbols LBTYA, LBTYB and LBTYK, respectively.
Liberty Global plc, together with its auxiliaries, provides video, broadband Internet, fixed-line telephony, and mobile services in Europe, Chile, Puerto Rico, and internationally. The company offers various residential services, counting video services comprising basic and premium programming, which can be viewed on the television and Internet connected devices; electronic programming guide, high definition (HD) channels, digital video recorder (DVR), and HD DVR services; video-on-demand, set-top boxes, pay-per-view programming, and programming in three-dimensional format services, in addition to television applications that allow access to programming on laptops, smartphones, and tablets; and entertainment, sports, movies, documentaries, lifestyles, news, adult, children, and ethnic and foreign channels.
At the end of Monday’s trade, Primero Mining Corp (NYSE:PPP)‘s shares dipped -4.46% to $2.57.
Primero Mining Corp. (PPP) advises that as a result of a delay in exports from its San Dimas mine in Mexico, its partner Primero Empresa Minera S.A. de C.V. (“PEM”) has been delayed in selling silver. As a result about 880,000 ounces of silver were not sold during the second quarter of 2015, representing about $6.5 million in delayed revenue.
PEM’s import and export licences were suspended in May 2015 by the Mexican customs authorities due to a discrepancy over the Company’s address related to its corporate office relocation from Mexico City to Durango, Mexico. PEM has since clarified the discrepancy and has been meeting with customs officials, but has regrettably not been reinstated to the customs registry. PEM is able to source necessary supplies locally so that the San Dimas mine and mill continue to operate uninterrupted.
Primero Mining Corp., a precious metals producer, engages in the acquisition, exploration, development, and operation of mineral resource properties in Canada and Mexico. The company primarily explores for gold and silver. It owns interest in the San Dimas Mine, which is located in San Dimas district, Mexico; and the Black Fox Complex that is located in the Timmins Mining District in Ontario, Canada.
PDC Energy Inc (NASDAQ:PDCE), ended its Monday’s trading session with -1.52% loss, and closed at $42.17.
PDC Energy, Inc. (PDCE) declared plans to host a conference call with investors to talk about 2015 second quarter results. Conference call materials will be accessible on the Company’s website, www.pdce.com, at the time of the call.
Conference Call and Webcast:
Date/Time: Monday, August 10, 2015 at 11:00 a.m. ET
Webcast accessible at: www.pdce.com
PDC Energy, Inc., an independent exploration and production company, acquires, explores for, develops, and produces crude oil, natural gas, and natural gas liquids in the United States. The company operates in two segments: Oil and Gas Exploration and Production, and Gas Marketing. The Oil and Gas Exploration and Production segment produces and sells natural gas to midstream service providers, marketers, and utilities; crude oil; and natural gas liquids.
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