Waddell & Reed Financial, Inc. (NYSE:WDR) revealed second quarter 2015 net income of $67.4 million, or $0.80 per diluted share, compared to net income of $67.1 million, or $0.80 per diluted share, during the previous quarter and net income of $83.0 million, or $0.98 per diluted share, during the second quarter of 2014. Operating revenues of $394.0 million rose 2% sequentially, while operating income rose 6%, leading to a 110 basis point improvement in the operating margin. Revenues increased primarily due to an additional day and a higher effective fee rate during the current quarter. Expenses increased primarily due to higher IT costs, while other costs remained largely unchanged. Compared to the second quarter of 2014, revenues declined 2% and operating income decreased 10%. Revenues declined with lower levels of assets under management, while compensation costs drove expenses higher. The operating margin during the quarter was 28.2% compared to 27.1% during the previous quarter and 30.9% during the same period last year. Assets under management ended the quarter at $121 billion, down 2% sequentially and 11% compared to June 30, 2014. Sales during the quarter were $5.8 billion, rising 6% sequentially and down 23% compared to the second quarter of 2014. Net outflows of $1.1 billion during the quarter compared favorably to the previous quarter’s net outflows of $3.6 billion. The second quarter of 2014 had net inflows of $1.2 billion.
Waddell & Reed Financial, Inc. (NYSE:WDR) increased 1.47% and closed at $44.21 on a traded volume of 1.46 million shares, in comparison to 776,409 shares of average trading volume. The 52-week range for is $41.06 and $57.33 and during the previous trading session and scored the highest price of $45.75.
Tyson Foods, Inc. (NYSE:TSN) will arrange its fiscal third quarter 2015 earnings conference call Monday, August 3, at 9 a.m. Eastern (8 a.m. Central). To listen to the live webcast, go to http://ir.tyson.com. To listen live via telephone, call 888-455-8283. Outside the United States, call 210-839-8865. The pass code “Tyson Foods” is required to join the call. A recording of the call will be archived for one year at http://ir.tyson.com. A telephone replay will be available until September 3 at 800-365-0063. International callers may access the replay at 203-369-3633. The replay passcode is 89766. Replays are available approximately one hour after the call ends.
Tyson Foods, Inc. (NYSE:TSN) jumped up 1.30% and closed at $44.39. The 52-week range for $36.12 and $45.10 and during the previous trading session it marked$44.69 as its highest price and initially exchanged hands with a price of $44.42 and the overall traded volume that day was 4.67 million shares.
Southern Co (NYSE:SO), declared second-quarter 2015 earnings of $629 million, or 69 cents per share, compared with earnings of $611 million, or 68 cents per share, in the second quarter of 2014. For the six months ended June 30, 2015, earnings were $1.14 billion, or $1.25 per share, compared with $962 million, or $1.08 per share, for the same period in 2014. Earnings for the three and six months ended June 30, 2015, include after-tax charges of $14 million and $20 million, respectively, related to increased construction estimates for Mississippi Power’s Kemper County integrated gasification combined-cycle (IGCC) project. Earnings for the six months ended June 30, 2014, include an after-tax charge of $235 million, or 26 cents per share, related to the Kemper County IGCC project. Earnings for the three and six months ended June 30, 2015, also include a $4 million after-tax charge related to the discontinued operations of Mirant and the March 2009 settlement agreement with MC Asset Recovery, LLC.
Southern Co (NYSE:SO), after opening its shares at the price of $43.46, jumped up 1.86% to close the day at $44.38 and traded volume of 6.16 million shares, in comparison to 4.94 million shares of average trading volume. The 52-week range for is $41.40 and $53.16 and during the previous trading session and scored the highest price of $44.45.
ConAgra Foods Inc (NYSE:CAG) reported that all of the company’s facilities in the U.S. and Canada have completed the transition to cans without Bisphenol A (BPA) liners. at the same time as ConAgra Foods began canning some food in non-BPA lined cans in 2010, other foods required a different approach, due to their acidity or other characteristics. Extensive research and trials to find safe, long-lasting and economical packaging led the company to Ardagh Group, a global leader in glass and metal packaging solutions. Ardagh invested in capacity and capability to meet ConAgra Foods’ needs, and began providing the company non-BPA cans earlier this year. The cans are made in fresh, state-of-the-art production facilities using advanced technologies that allow for use of different coating systems using polyester or acrylic materials that do not contain BPA. From of July 30, all ConAgra Foods canned foods made in its U.S. and Canadian facilities will be packaged in cans with non-BPA liners. The company does import into the U.S. and Canada a small quantity of canned products with BPA liners and is working with the suppliers of these products to convert to non-BPA liners by early 2016.
ConAgra Foods Inc (NYSE:CAG) reported a surge of 0.70%, to close at $44.44 with the overall traded volume of 2.11 million shares. The 52-week range for $29.90 and $45.49 and during the previous trading session and found to mark $43.80 as its peak price.