$TESO (Tesco Corporation)

$TESO {{ '2016-07-14T15:14:49+0000' | timeago}} • Announcement

$TESO said the underwriter of its public offering of 7MM common shares has partially exercised its over-allotment option to purchase an additional 130,752 common shares at a price to the public of $7.00 per share. $TESO has now sold a total of 7,130,752 common shares in connection offering, with total proceeds of about $47.9MM.

$GE {{ '2017-07-21T18:59:39+0000' | timeago}} • Webcast

John Flannery, who is to be $GE's 13th CEO effective Aug 1, 2017, brushed aside concerns that the company might find itself in a state of limbo during the transition period. He said there is no operational paralysis within the team, adding robust discussions will happen in November regarding the future of course of $GE's operations.

$GE {{ '2017-07-21T18:13:06+0000' | timeago}} • Webcast

$GE reiterated its FY17 net earnings guidance of $1.60-1.70 per share on organic sales growth, which is expected in the range of 3-5%. The company added that EPS is trending to the bottom end of the projected range, as Oil and Gas continues to witness weakness.

$GE {{ '2017-07-21T17:28:46+0000' | timeago}} • Webcast

Cash flow from operations, one of $GE's closely watched financial metric, plummeted 67% to $3.6Bil in 2Q17. The Boston, Massachusetts-based conglomerate said this was primarily due to the sale of its appliances division.

$SLB {{ '2017-07-21T15:34:50+0000' | timeago}} • Infographic

$SLB Schlumberger Limited Earnings AlphaGraphics: Q2 2017 highlights

$SLB {{ '2017-07-21T14:48:04+0000' | timeago}} • Webcast

$SLB said it is on track to double its operating revenues in the next two years. In the next 12 months, the company plans investments worth $390MM in Argentina and $700MM in Nigeria. There are also plans to engage partners, through venture funds, for executing various projects, rather than depending solely on cash deals.

$SLB {{ '2017-07-21T14:12:45+0000' | timeago}} • Webcast

Oilfield services provider $SLB expects to record capital expenditure of about $2.2Bil in fiscal 2017. Schlumberger forecasts its US land activity will remain strong throughout the second half of the year. The cyclical nature of the oilfield services industry continues to be the biggest risk being faced by the company.

$GE {{ '2017-07-21T12:51:53+0000' | timeago}} • Infographic

$GE General Electric Earnings AlphaGraphics: Q2 2017 highlights

$SLB {{ '2017-07-21T12:06:35+0000' | timeago}} • Announcement

$SLB repurchased 5.5MM shares of its common stock in 2Q17, at an average price of $72.34 per share. The total purchase price is $398 MM. Schlumberger agreed to acquire a majority equity interest in Eurasia Drilling Company during the quarter. The company also approved a quarterly cash dividend of $0.50 per share on its common stock.

$SLB {{ '2017-07-21T12:04:19+0000' | timeago}} • Announcement

The drilling division of $SLB witnessed a 4% annual increase in revenues in 2Q17. Revenues of the production and reservoir characterization segments advanced 18% and 11% respectively, compared to last year. Meanwhile, the Cameron group’s revenues fell 17%.

$SLB {{ '2017-07-21T11:47:43+0000' | timeago}} • Announcement

$SLB reported a 27% annual growth in its North American revenues to $2.2Bil in 2Q17, which contributed significantly to the company’s overall topline growth. Revenues in Latin America rose 3%, while those in Europe, CIS and Africa declined 10%. There was a 2% drop in revenues in Middle East and Asia.

$GE {{ '2017-07-21T11:43:55+0000' | timeago}} • Announcement

$GE CEO Jeff Immelt said, "We expect cash flow to continue to improve throughout the year. We’ve reduced our industrial structural costs year-to-date by $670MM and we are on track to meet or exceed our $1Bil cost reduction target for the year."

$GE {{ '2017-07-21T11:40:52+0000' | timeago}} • Announcement

Primarily due to $GE's shift of focus into industrial operations, its backlog in 2Q17 grew 2% to $327Bil, while orders increased 6% to $28.3Bil. $GE has a history of orders and backlogs growing faster than its revenue.

$SLB {{ '2017-07-21T11:38:38+0000' | timeago}} • Webcast

$SLB’s net loss narrowed sharply to $74MM in 2Q17, helped by lower impairment charges and an increase in revenues across the segments. The 4% YoY revenue growth was driven mainly by strong performance in North America, due mainly to deployment of idle hydraulic fracturing capacity.  Impairment and other charges fell to $510MM from $2.57BIl in 2Q16.

$GE {{ '2017-07-21T11:38:01+0000' | timeago}} • Announcement

$GE's total revenue in 2Q17 fell 12% to $29.6Bil due to weakness in its Energy Connections segment, which supplies automation products to various industries including marine, mining and oil & gas. Revenue from this segment fell 27% during the quarter.

$GE {{ '2017-07-21T11:35:13+0000' | timeago}} • Announcement

In 2Q17, which marks the end of Jeff Immelt at the helm of $GE after 16 years, the multinational conglomerate posted net earnings that more-than-halved to $1.19Bil, or $0.13 per share. On a non-GAAP basis, EPS declined 45% to $0.28 during the quarter.

$B {{ '2017-07-20T15:35:22+0000' | timeago}} • Announcement

$B has declared a quarterly cash dividend of $0.14 per share. The dividend will be payable on September 8, 2017, to shareholders of record as on August 24, 2017.

$NEM {{ '2017-07-19T20:55:03+0000' | timeago}} • Announcement

$NEM elected Sheri Hickok and Molly Zhang to its BoD. Hickok is currently General Manager, Global Product Development, Onshore Wind at $GE's Renewable Energy. Zhang currently serves as a director of Cooper Standard Automotive and XG Science as a supervisory board member at GEA Group in Germany.

$MSFT {{ '2017-07-18T12:18:43+0000' | timeago}} • Announcement

Kate Johnson to join $MSFT as President and Corporate VP of Microsoft US on Sept 8, 2017. Johnson currently serves as Chief Commercial Officer of GE Digital, a unit of $GE.

$AA {{ '2017-07-12T11:32:16+0000' | timeago}} • Announcement

$AA plans to restart three of five potlines at its Warrick Operations aluminum smelter near Evansville, Ind. Restart expenses are expected to be incurred in 3Q17 and 4Q17 to be $30-35MM, or $0.16-0.19 per share. In 3Q17, $AA will record after-tax benefit of about $25MM, or $0.13 per share, for reversal of liabilities related to original closure.

$AA {{ '2017-07-12T11:29:19+0000' | timeago}} • Announcement

$AA plans to restart three of five potlines at its Warrick Operations aluminum smelter near Evansville, Ind., an action that will further improve the competitiveness of the on-site rolling mill. The process to restart the three lines, with 161,400 metric tons of annual capacity, will begin immediately and is expected to be complete in 2Q18.

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