On Thursday, in the course of current trade, Shares of Visa Inc. (NYSE:V), gained 1.31%, and is now trading at $66.53.
Today, Visa declared that Americans modestly raised their spending in April, with growth across most major purchase categories, according to Visa’s Retail Spending Monitor (RSM), a quarterly report that tracks retail spending patterns based on real-time purchase data. Retail spending in April was up 4.5 percent from the preceding year, not taking into account automobile and gasoline purchases. Amid a strengthening housing market and renewed confidence in the economy, Americans continue to open their wallets for restaurant meals, hotel stays, household goods like appliances and furniture, and other more day-to-day needs. Eleven of the fourteen major spending categories that Visa tracks showed growth from the preceding year.
Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.
During an Afternoon trade, Shares of Discovery Communications, Inc. (NASDAQ:DISCA), dipped -2.03%, and is now trading at $31.35.
Discovery Communications, stated financial results for the first quarter ended March 31, 2015.
First Quarter Results
First quarter revenues of $1,537 million raised $126 million, or 9%, over the first quarter a year ago, led by 10% growth at International Networks and 6% growth at U.S. Networks. Adjusted Operating Income Before Depreciation and Amortization(1) (“OIBDA”) raised $43 million, or 8%, to $568 million, as 10% growth at U.S. Networks was partially offset by a 2% decline at International Networks. Total Company revenues grew 17% and Adjusted OIBDA grew 14% not taking into account currency effects, as changes in foreign currency exchange rates reduced first quarter revenue growth by 8% and reduced Adjusted OIBDA growth by 6%. Not taking into account currency effects, the Eurosport transaction(2) and the consolidation of Discovery Family, total Company revenues raised 6% and Adjusted OIBDA raised 11%.
Free cash flow reduced to $29 million for the first quarter, as improved operating performance and a decrease in stock-based compensation was more than offset by the timing of tax payments and higher content payments. Free cash flow is defined as cash offered by operating activities less purchases of property and equipment.
Discovery Communications, Inc. operates as a media company. The company operates through U.S. Networks; International Networks; and Education and Other segments. It owns and operates television networks 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.
Shares of J. C. Penney Company, Inc. (NYSE:JCP), during its Thursday’s current trading session fell -1.59%, and is now trading at $8.06.
- C. Penney Company, declared that it will release its first quarter 2015 financial results on Wednesday, May 13, at 4:00 p.m. ET. The news release will be followed by a live conference call and webcast conducted by Chief Executive Officer Mike Ullman, President and CEO-Designee Marvin Ellison and Chief Financial Officer Ed Record that will start at 4:30 p.m. ET.
- C. Penney Company, Inc., through its partner, J. C. Penney Corporation, Inc., sells merchandise through department stores in the United States. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings, in addition to provides various services, counting styling salon, optical, portrait photography, and custom decorating.
Finally, SunEdison, Inc. (NYSE:SUNE), surged 8.42% Thursday.
Today, SunEdison, declared the signature of definitive agreements to acquire five portfolios of renewable energy projects and two corporate platforms, LAP Holding, BV in Latin America and two auxiliaries of Honiton Energy Holding, Ltd., in China, in addition to the closing of equity investments and an acquisition debt facility for its emerging markets initiatives.
Through these combined transactions, SunEdison will secure 757 MW of operating projects and 1,918 MW of ROFO projects, of which 534 MW are operating ROFO projects enhancing visibility into acquisition opportunities in emerging markets.
In addition to the projects represented in the table above, the LAP transaction also benefits the SunEdison development division by securing 204 MW of backlog projects with dollar denominated power purchase agreements (PPAs) and 659 MW of development pipeline projects in Peru and Chile to further strengthen its organic development business.
SunEdison, Inc. develops, manufactures, and sells silicon wafers to the semiconductor industry. The company operates through three segments: Solar Energy, TerraForm Power, and Semiconductor Materials. The Solar Energy segment provides solar energy services that integrate the design, installation, financing, monitoring, operations, and maintenance portions of the downstream solar market. It also manufactures polysilicon, silicon wafers, and solar modules.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
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.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
