On Tuesday, Shares of Frontier Communications Corporation (NASDAQ:FTR), lost -2.40% to $5.70.
Frontier Communications Corporation, declared that its Board of Directors has declared a regular quarterly cash dividend payment of $0.105 per share of common stock, payable on June 30, 2015 to holders of record of common stock at the close of business on May 28, 2015.
Frontier Communications Corporation, a communications company, provides regulated and unregulated voice, data, and video services to residential, business, and wholesale customers in the United States. The company offers residential services, such as fiber-to-the-home and fiber-to-the-node broadband, video, and voice over Internet protocol products, in addition to traditional copper-based broadband products; and commercial services, counting Ethernet, dedicated Internet, multiprotocol label switching, time division multiplexing, data transport services, and optical transport services.
Shares of Axalta Coating Systems Ltd. (NYSE:AXTA), inclined 0.74% to $32.50, during its last trading session.
Axalta Coating Systems, declared its financial results for the first quarter ended March 31, 2015.
First Quarter Merged Financial Results
Net sales were $1.0 billion for the first quarter of 2015, an enhance of 5.2% not taking into account negative foreign currency translation, or a decrease of 5.6% on an as-stated basis. Drivers of net sales growth comprised of 4.8% volume enhances, reflecting strong growth in all regions except EMEA, which saw a modest decline in the period largely from lower sales in Russia and Eastern Europe. Higher average selling prices contributed to a modest 0.4% net sales growth, while unfavorable currency translation reduced net sales by 10.8% primarily due to weakness of the Euro and certain currencies in Latin America contrast to the U.S. dollar.
Adjusted EBITDA of $182 million for the first quarter of 2015 reduced 2.5% contrast to the first quarter of 2014. The decline resulted from negative foreign currency translation and certain operating investments made to support future volumes across multiple regions, counting the Jiading, China plant ramp-up. These factors were partially offset by strong volume and price effects. Adjusted EBITDA margin expanded 60 basis points to 18.4% from the year ago period, benefiting from cost reductions achieved over the last year and modest operating leverage.
Axalta Coating Systems Ltd., through its auxiliaries, manufactures, markets, and distributes high performance coatings products primarily for the transportation industry. It operates through two segments, Performance Coatings and Transportation Coatings.
At the end of Tuesday’s trade, Shares of Precision Drilling Corporation (NYSE:PDS), gained 4.57% to $7.03.
Precision Drilling Corporation, has declared a dividend on its common shares of $0.07 per share, payable on May 29, 2015, to shareholders of record on May 15, 2015. For Canadian income tax purposes, all dividends paid by Precision on its common shares are designated as “eligible dividends”, unless otherwise indicated by Precision.
Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates through two segments, Contract Drilling Services; and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.
Finally, Caterpillar Inc. (NYSE:CAT), ended its last trade with -0.69% loss, and closed at $88.16.
Caterpillar, and First Solar, Inc. (FSLR) declared a planned alliance to develop an integrated photovoltaic (PV) solar solution for microgrid applications. Under the agreement, First Solar will design and manufacture a pre-engineered turnkey package for use in remote microgrid applications, such as small communities and mine sites. The package will feature Cat-branded solar panels manufactured by First Solar and will comprise a balance of system components.
Caterpillar will exclusively sell and support the integrated solution featuring Cat-branded solar panels through its worldwide Cat dealer network, together with its current offerings of generator sets and energy storage. Acting as a central source, Cat dealers will be uniquely positioned to provide customers with this fully integrated and supported single solution in the large and rapidly growing microgrid market recently.
Microgrids provide value to prime power diesel and gas customers by integrating renewable energy, such as solar power, with generator sets. With these solutions, Caterpillar can assist deliver reliable, cost-effective and sustainable energy for customers.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives worldwide. The companys Construction Industries segment offers backhoe, small wheel, skid steer, multi-terrain, compact track, medium and compact wheel, and track-type loaders; mini, wheel, and track excavators; track-type tractors; and select work tools, motor graders, telehandlers, soil compactors, and pipelayers, in addition to its related parts for the heavy and general construction, rental, mining and quarry, and aggregates markets.
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