On Tuesday, Shares of Stratasys Ltd. (NASDAQ:SSYS), gained 4.20% to $51.30, hitting its lowest level.
Stratasys, declared preliminary first quarter 2015 results in addition to updated 2015 financial guidance. The Company anticipates to report first quarter revenue in the range of $171 to $173 million; these results reflect negative impact of a stronger U.S. dollar in the amount of about $8.7 million when contrast to foreign currency exchange rates last year. This represents an enhance of about 14% over revenues for the first quarter of 2014, or 20% on a constant currency basis.
The Company’s first quarter results were lower than predictable across most geographies and industries contrast to growth levels the Company has practiced historically, not taking into account revenues for both consumables and customer support, which grew as predictable. The Company believes that the overall shortfall was due primarily to the following:
- A decline in relevant capital spending within certain regions and industries, particularly in North America;
- Negative impact from foreign currency exchange, which influenced revenue in the first quarter by about $8.7 million when calculating revenue utilizing the comparable exchange rate from last year;
- Raised M&A activity among a few of the company’s largest channel partners in North America, which contributed to a slower than predictable sales ramp up amongst those partners;
- The introduction of eight additional products over the course of the second half of 2014 to complete the Connex Triple Jetting Technology portfolio resulted in slower than predictable adoption of the high-end Connex platforms within the channel, and delays in customer purchases;
- Following accelerated growth in Asia Pacific and Japan over the past several years, a slower than predictable channel ramp up in certain parts of the region.
Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products; and for the direct manufacture of end parts.
At the end of Tuesday’s trade, Shares of Peabody Energy Corp. (NYSE:BTU), jumped 3.22% to $4.49.
Peabody Energy, stated first quarter 2015 revenues of $1.54 billion, leading to Adjusted EBITDA of $165.6 million. Diluted Loss Per Share from Ongoing Operations and Adjusted Diluted EPS totaled $(0.62), counting a $0.23 impact related to refinancing the 2016 Senior Notes.
First quarter revenues totaled $1.54 billion contrast with $1.63 billion in the preceding year due to lower realized pricing and a shift in U.S. production mix toward the Southern Powder River Basin. First quarter Adjusted EBITDA of $165.6 million declined 6 percent from the preceding year, and comprises the impact of $100 million in lower pricing and the timing of Resource Administration transactions.
U.S. Mining Adjusted EBITDA raised $1.5 million over the preceding year to $254.1 million as cost reduction efforts offset the impact of lower Midwest realizations. U.S. Mining revenues of $965.0 million declined 2 percent from the preceding year due to a greater mix of Southern Powder River Basin sales and lower realized pricing in the Midwest. U.S. costs per ton declined 3 percent as a result of a greater mix of Western shipments, continued cost containment activities and the net benefit from lower fuel prices.
Peabody Energy Corporation offers mining of coal. The company operates through Western U.S. Mining, Midwestern U.S. Mining, Australian Mining, Trading and Brokerage, and Corporate and Other segments.
Golden Star Resources, Ltd. (NYSEMKT:GSS), ended its last trade with 2.77% gain, and closed at $0.21.
Golden Star, will be releasing its first quarter 2015 results before market open on May 7, 2015. The Company will conduct a conference call and webcast to talk about these results on the same day at 10:00 am EDT.
The Company’s Annual General and Special Meeting of the Shareholders will be held on Thursday, May 7th 2015 at 1:30pm EDT at the St. Andrews Club, 27th Floor of 150 King Street West, Toronto.
Golden Star Resources Ltd. operates as a gold mining and exploration company. The company owns and operates the Wassa open-pit gold mine, the Wassa underground development project, and a carbon-in-leach processing plant located about 35 kilometers from the town of Bogoso in Ghana.
Finally, Plum Creek Timber Co. Inc. (NYSE:PCL), closed at $43.49, with 2.69% gain.
Plum Creek Timber, declared first quarter earnings of $42 million, or $0.24 per diluted share, on revenues of $406 million. Earnings for the first quarter of 2014 were $30 million, or $0.17 per diluted share, on revenues of $317 million.
Adjusted EBITDA, a non-GAAP measure of operating performance, for the first quarter of 2015 was $175 million and was $93 million for the same period of 2014.
“We are happy with the results of the first quarter,” said Rick Holley, chief executive officer. “The company performed well despite overall business conditions starting off slower than many industry experts initially anticipated. Our first quarter results came in within our guidance range and were a bit better than we thought just a few weeks ago.”
Plum Creek Timber Company, Inc. is a publicly owned real estate investment trust (REIT). The trust owns and manages timberlands in the United States. Its products comprise lumber products, plywood, medium density fiberboard, and related by-products, such as wood chips.
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