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average sales prices fell around 3.5% year over year in the quarter.
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revenues for the third quarter are predicted to rise 2-4% sequentially.
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rig systems: the rig systems unit (accounted for 29% of the company’s 2016 revenue) works on the lines of the ‘rig technology’ segment and will be accountable for the design and manufacturing of integrated drilling systems and components for land and offshore drilling rigs.
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as a result, the company now expects the top line in the third quarter to be $930-$950 million, suggesting a 4.5% decline (at mid-point) fromsecond-quarter 2019 revenues of $984 million.
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in fiscal year 2018, walmart accounted for 11.5% of annual sales.
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since the commencement of the share repurchase program in december 2011, the company has bought back 76.7 million shares aggregating $4.7 billion.
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last earnings report j.b. hunt's q4 earnings & revenues beat estimates the company’s earnings (excluding 96 cents from non-recurring items) of $1.77 per share outpaced the zacks consensus estimate of $1.48.
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the company exited the quarter with cash and cash equivalents of $186.5 million compared with $235.6 million at the end of the previous quarter.
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its adjusted earnings came in at $1.50 per share, surpassing the zacks consensus estimate of $1.44 by 4.2%.
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service revenues increased 11.2% to $1,524.66 million.
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though oil prices have recovered from their historic lows and are trading around $60 a barrel; the drilling industry is heavily exposed to the volatile commodity price environment.
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in 2019, the company intends to utilize $1-$1.4 billion for quarterly dividends, strategic acquisitions and sharebuybacks as well as to deleverage its balance sheet.
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further, stockholders’ equity grossed $1,291.5 million.
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repair and remodeling activity, which drives about 40% of lumber demand, is expected to rise 6-7% in 2019.
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potash sales volumes have been forecast in the range of 2.2-2.5 million tons for the quarter and adjusted gross margin is anticipated in the band of $80 to $90 per ton.
INCLAIM
it incurred $534.4 million of capital expenditure in the second quarter.
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in the fourth and third quarter of fiscal 2016, gross margin contracted 20 bps and 30 bps to 31.6% and 29.8%, respectively.
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non-performing assets declined at a five-year cagr of 9.3% in 2017, with the trend continuing into the first quarter as well.
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operating highlights & net income total operating cost and expenses increased 14.8% year over year in the second quarter to nearly $1.8 billion.
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the company also has 110,000 million british thermal units (mmbtu) per day of natural gas hedged at a weighted average price of $3.07 per mmbtu.
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total revenue for the quarter was $297 million, up 2% from the year-ago quarter.
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satellite tv net customer loss improved 15.4% from last year to 34,661 due to fewer customer deactivations.
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adjusted diluted eps is projected in the band of $1.04 to $1.16, which calls for 16.9% to 30.3% growth on a year-over-year basis.
INCLAIM
imaging products business’ operating profit declined 89.7% year over year to ¥800 million, primarily due to increase in product development costs for the lenses and cameras launched in this september.
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the company generated $318 million of cash from operating activities in fiscal 2018.
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shares of avalonbay have gained 4.7% in the past six months, however, underperformed the company’s industry's increase of 5.7%.
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net cash from operating activities is projected between $405 million and $455 million.
INCLAIM
risks for 2017, international flavors & fragrances anticipates net sales to grow 7.5-8.5% on a currency neutral basis while predicts earnings per share to increase 6.5-7.5%.
INCLAIM
cash flow generated from operations was $7 million during the first nine months of fiscal 2019, while capital expenditures incurred during the quarter were $36.4 million.
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occidental petroleum sold its south texas gas properties for after-tax proceeds of nearly $600 million.
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risks shares up: shares of medidata have gained 25.6% outperforming the industry's decline of 9.8% over the past year.
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revenues at lights and licensing segment improved about 57% to $29.2 million.
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summary we are impressed with bce's decision to invest $854 million, which will boost its fiber- optics network suite and generate higher revenues by bringing in customers.
INCLAIM
management expects other revenue to increase in the band of 25-30% during the third quarter.
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laboratory products and services (lps): this segment (41.9%) serves laboratory customers with equipment and consumables that improve productivity and a range of biopharma outsourcing services.
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over 2016-2020, the company hopes to achieve around 4-6% expansion in local currency sales, about 7-9% operating profit growth and over 10% rise in earnings per share.
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also, the metric had declined 40 basis points in the fourth quarter of 2017 to 47.7%.
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through the mainline and express pipelines, the company transports 2.8 million barrels of crude every day which accounts for almost 68% of the canadian crude oil production that are transported to the u.s. in north america, the company holds a leading position in the gathering, transportation, processing and storage of natural gas.
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operating income plunged 65% year over year, due to increased costs stemming from service delays and congestion.
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revenues from subscription access fees (which comprised 76% of total revenues) increased 29% year over year to nearly $137 million.
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segmental details coming to product categories, revenues from the codman specialty surgical segment rose 4.1% to $259.4 million (organic growth was 5.6%).
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further, pure storage has been incurring operating losses since inception and has an accumulated deficit of $967.9 million as of apr 30, 2018.
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long-term debt was $898.4 million compared with $1.09 billion at 2017-end.
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in february, the company increased quarterly dividend by 6.6%.
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liquidity rayonier ended the second quarter with $94.8 million in cash and cash equivalents, up from $68.7 million recorded as of dec 31, 2019.
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the current level is also higher than the s&p 500 index's rally of 1.5% over the same time frame.
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adjusted operating income jumped roughly 38% to $25 million, whereas the adjusted operating margin expanded 310 basis points to 15.3%.
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notably, the company raised its prime lending rate to 4.25% from 4.00% after the latest fed rate hike.
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hit by high costs, the segment incurred an operating loss of $713,000 million against the prior-year income of $1.6 million.
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for the remainder of 2019, wpx energy has 60,500 bbl/d of oil hedged at a weighted average price of $55.29 per barrel.
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the average dayrate for the company's semisubmersibles was $126,106 compared with $290,106 in the prior-year quarter.
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the company’s darts recorded a four-year compound annual growth rate (cagr) of 21% in 2019, with the increasing trend continued in the first half of 2020.
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the segment’s backlog came in at around $1.7 billion at the end of the first quarter.
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segment highlights sales at the olefins segment increased 7.8% year over year to $541 million in the quarter.
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excluding the negative 6% impact from foreign currency movements, the company's adjusted earnings increased nearly 8% year over year.
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the company provides local and long-distance phone service to approximately 70% of the canadian population, primarily in ontario and quebec.
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homebuilding (accounting for 98% of third-quarter 2019 total revenues) division builds and sells homes under the three brand names - ryan homes, nvhomes and heartland homes.
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last earnings report boston properties tops q3 ffo estimates, issues '19 view boston properties’ third-quarter 2018 ffo per share of $1.64 surpassed the zacks consensus estimate of $1.63.
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meanwhile, comps grew 2.5% at bahama breeze, higher than the comps growth of 1.2% in the preceding quarter.
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the company has scaled its business in a capital-efficient manner, growing its company with less than $10 million of equity raised to finance the business, prior to becoming a public company, to revenues of over $125 million in 2017.
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financial update as of mar 31, 2019, american financial had cash and investments of $51 billion, which grew 5.2% from the level at 2018 end.
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moreover, sarepta's pipeline holds the potential of addressing 75–80% of the total dmd population.
INCLAIM
the company had $5.49-billion backlog at fiscal second quarter-end, which is expected to provide cash over the next 9-12 months, as cancellations have remained low according to toll brothers.
OUTOFCLAIM
the company expects turnaround and maintenance activity in fourth-quarter 2018 to be in line with the third quarter and include roughly $10 million impact from outage at its plaquemine facility.
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exiting the third quarter 2017, praxair had long-term debt of approximately $8.2 billion, while its debt-to-capital ratio was 56.1%.
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it represented 53.2% of net revenues compared with 45.7% in the year-ago quarter.
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organic sales in africa increased 4%, with 3% volume growth owing to strong gains in the premium brands.
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it expects to generate cash flow of about $100 million from the monetization of some of the projects in coming years.
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in the first quarter, beauty segment sales dropped 5.8%, worse than the previous quarter’s dip of 2.1%.
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earnings during the first quarter came in at $0.09 per share.
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on apr 18, 2017, fujifilm declared that it would be investing nearly $130 million to enlarge manufacturing capacity in u.k. and u.s., inorder to reinforce its biologics contract development and manufacturing organization (bio cdmo) business.
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revenues from non-auto verticals increased at a four-year (2016- 2019) cagr of 127%.
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the stock has gained 4.2% in comparison with the industry’s 5.6% dip.
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the retail food segment (26%) derives revenues from the sale of groceries and other products at retail locations operated by supervalu.
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adjusted operating income in the quarter was $41.3 million, up 13% year over year.
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segmental results drive revenues: the company's third-quarter sales totaled $2,922 million.
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however, these increases were overshadowed by $1.9 million decline in branded merchandise sales.
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reasons to buy: revenues growth remains on track: in the past six months, the company’s shares have gained 9%, outperforming the industry that declined 5%.
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reportable segments: consumer banking (63.3% of total revenue in 2016) is focused on retail customers and small businesses with annual revenues of up to $25 million.
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the segment contributed 0.7% or $79 million to total revenues in 2018.
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on an adjusted basis, operating margin was 22.9%, down 60 bps.
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the selling, general and administrative expense rate jumped 20 basis points to 19.9% during the quarter.
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notably, backlog at the end of the quarter was $464 million, higher than the year-ago level of $240 million.
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as of mar 31, 2019, the company’s book value per share (excluding unrealized gains/losses on fixed maturities) was $58.02, up 5.8% from the figure at 2018 end.
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earnings during the first quarter came in at $0.17 per share.
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moreover, in the ongoing year, facebook expects capital expenditures to be $16 billion.
INCLAIM
given continued solid operational performance, management now expects specialty property and casualty group’s net written premiums are expected to be flat to up 3% in 2019.
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the plan included 8.8% dividend hike and $1 billion share repurchase authorization.
OUTOFCLAIM
revenues from this unit made up of 3% 2017 sales.
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linkedin operating income, excluding amortization of intangible assets, were $196 million compared with $18 million reported in the year-ago quarter.
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enjoys a strong backlog position ($3.2 billion).
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as of mar 31, 2018, total risk-based capital ratio dropped to 12.6% from 12.7% recorded in the comparable quarter last year.
OUTOFCLAIM
reasons to buy: over the last three months, applied industrial’s shares yielded a return of 15.5%, outperforming 9.4% growth recorded by the industry.
OUTOFCLAIM
revenue enhancement citizens financial targets a run-rate benefit of $45 million by the fourth quarter of 2018.
INCLAIM
the metric also increased 54.7% to $47.3 million in the first half of 2020, which exceeded the guidance provided last quarter.
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for 2018, an estimated 40% of available rig operating days are committed.
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also, the company repurchased approximately 1.1 million shares of its common stock for a total cost of approximately $89 million.
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further, the company’s year-to-date net cash flows used in operating activities from continuing operations amounted to $44 million, as compared with cash generated from operating activities of $150 million during the comparable year-ago period.
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on a constant currency basis, revenues climbed 8% from the prior-year period on the back of improved segmental performance and roughly 6% gains from acquired assets.
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non-gaap operating income of $19.9 million declined 70%.
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