With the speed and convenience that advancements in technology have afforded us, its no wonder why we have seen our lives “digitized” at a rapid pace. Everything from shopping to socializing can be done from the comfort of our own home. Although as this shift has occurred, combined with more and more of our personal…
On Wednesday afternoon, MarkWest Energy announced second-quarter results that were lower than last year, though roughly in line with expectations. Contending with meager gas and NGL prices, net income was cut by more than half to $84 million from $187 million last year, and though processing volumes actually increased dramatically by 53% over last year,…
Atmos Energy reported solid third-quarter earnings per share from continued operations of $0.42, compared with $0.32 in the year-ago quarter. Management reaffirmed its fiscal 2013 EPS forecast range of $2.45-$2.55 per share. The company will pay a $1.40 per share dividend in fiscal 2013, a 1.4% increase from 2012. Natural gas distribution gross profit rose…
U.K.-based fund manager Henderson Group reported an impressive underlying profit before tax of GBP 101 million for first-half 2013, up 22% on first half 2012 and in line with our expectations and guidance. Diluted earnings per share of 8 pence per share increased 14% on 7 pence in first-half 2012. Assets under management increased 3.5%…
Westar management announced a cost-cutting initiative via employee reductions to save $16 million annually (roughly 3% of total operating and maintenance and selling, general, and administrative expenses) beginning in the fourth quarter of 2012 and extending through the third quarter of 2013, given continued economic weakness and soft customer growth. Westar filed an abbreviated rate…
Telstra reported a fiscal 2013 result in line with Street expectations. The low single-digit earnings growth was driven by mobile and the network, applications and services (NAS) divisions. Mobile revenue increased 6% to AUD 9.2 billion, driven by strong subscriber growth and increase in market share. Increased demand for cloud services from corporates lifted NAS…
