On Wednesday, SPX Corporation (NYSE:SPW)’s shares declined -7.66% to $78.75.
SPX Corporation (SPW) stated results for the quarter ended March 28, 2015.
First Quarter 2015 Overview:
- Revenues declined 12.1% to $0.95 billion from $1.08 billion in the year-ago quarter. The impact of the stronger U.S. dollar on foreign currencies reduced revenues by 6.4%. Organic revenues* reduced 5.7%, due primarily to lower power and energy revenue in the Flow and Thermal segments, largely reflecting the impact of lower oil prices on customer capital spending decisions and on-going weakness in power generation markets.
- Segment income and margins declined to $75.5 million and 8.0%, contrast to $98.7 million and 9.2% in the year-ago quarter, due primarily to the organic revenue decline.
SPX Corporation provides specialized engineered solutions worldwide. The company operates through two segments, Flow Technology, and Thermal Equipment and Services. The Flow Technology segment designs, engineers, manufactures, and markets products and solutions used to process, blend, filter, dry, meter, and transport fluids for original equipment installation, counting turnkey and skidded systems, and components, in addition to aftermarket components and support services.
Centene Corp (NYSE:CNC)’s shares dropped -7.37% to $63.95.
Centene Corp (CNC) declared its financial results for the quarter ended March 31, 2015. The following talk aboutions, with the exception of cash flow information, are in the context of ongoing operations.
First Quarter Highlights
- March 31, 2015 managed care membership of 4.4 million, an enhance of 1.4 million members, or 44% contrast to the first quarter of 2014.
- Premium and service revenues for the first quarter of $4.8 billion, representing 42% growth contrast to the first quarter of 2014.
- Health Benefits Ratio of 89.8% for the first quarter 2015, contrast to 89.3% in the first quarter of 2014.
Centene Corporation operates as a diversified, multi-national healthcare enterprise that provides programs and services to under-insured and uninsured individuals in the United States. I
At the end of Wednesday’s trade, Humana Inc (NYSE:HUM)‘s shares dipped -7.21% to $168.05.
Humana Inc (HUM) stated diluted earnings per common share (EPS) for the quarter ended March 31, 2015 (1Q15) of $2.82, counting $0.35 per share tax benefit related to the pending sale of its wholly-owned partner, Concentra Inc. (Concentra), contrast to diluted earnings per share of $2.35 for the quarter ended March 31, 2014 (1Q14).
The requirement to recognize the tax benefit in 1Q15 was triggered by the signing in March 2015 of a definitive agreement to sell Concentra for about $1.055 billion in cash, subject to customary adjustments. The company’s effective tax rate of 42.2 percent in 1Q15 declined from 46.4 percent in 1Q14, reflecting a reduction of about 700 basis points associated with this tax benefit, partially offset by a year-over-year enhance in the non-deductible health insurance fee.
Humana Inc., together with its auxiliaries, operates as a health and well-being company. The company operates through three segments: Retail, Employer Group, and Healthcare Services.
Brunswick Corporation (NYSE:BC), ended its Wednesday’s trading session with -7.11% loss, and closed at $51.18.
Brunswick Corporation (BC) has released its first quarter 2015 financial results. A complete and full-text financial results press release is accessible on the Company`s website at www.brunswick.com/investors. The results will also be accessible on the SEC`s website with the Form 8-K filing of the release at http://goo.gl/wJQN1.
Brunswick will host a conference call recently at 10 a.m. CDT, hosted by Dustan E. McCoy, chairman and chief executive officer, Mark D. Schwabero, president and chief operating officer, William L. Metzger, senior vice president and chief financial officer, and Bruce J. Byots, vice president - investor relations.
Brunswick Corporation designs, manufactures, and markets recreation products in the United States and internationally. The company’s Marine Engine segment offers outboard engines, sterndrive propulsion systems, and inboard engines under the Mercury, Mercury MerCruiser, Mariner, Mercury Racing, Mercury Sport Jet and Mercury Jet Drive, MotorGuide, Axius, and Zeus brands; and marine electronics and control integration systems, steering systems, instruments, controls, propellers, trolling motors, fuel systems, service parts, and marine lubricants under the Quicksilver, Mercury Precision Parts, Mercury Propellers, Attwood, Land N Sea, Kellogg Marine Supply, Diversified Marine Products, Bell Recreational Products, Sea Choice, and MotorGuide brands, in addition to supplies integrated diesel propulsion systems.
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