$SHW 2Q15 Call Participants: Bob Wells, SVP of Corporate Communications & Public Affairs; John Morikis, President and COO; Chris Connor, Chairman and CEO; Sean Hennessy, CFO and SVP of Finance; and Al Mistysyn, VP, Corporate Controller.
On a segment basis, $AMD's Computing and Graphics segment
revenue rose 11% YoverY to $472MM, while Enterprise, Embedded and Semi-Custom
segment rose 31% to $835MM. $AMD said it completed capital markets transactions that
raised approx. $1.4Bil in cash, before issuance costs to lower overall debt and reduce interest expense payments.
$SLB's pretax operating margins for 3Q16 improved 119 basis points to 11.6% as result of steady progress of its transformation program, further streamlining of global support structure, and early efforts in high-grading contract portfolio. Margins were also partly boosted by capacity reductions and asset impairments $SLB made in 2Q.
Communications infrastructure provider $CCI reported a lower quarterly profit for 3Q16, hurt by higher expenses. The company reported earnings of $87.37MM,or $0.26 per share, compared with $92.78MM, or $0.28 per share a year ago. Revenue rose to $992.02MM, driven by an increase in site rental revenue.
Excluding Cameron, $SLB's revenue for3Q16 increased 1% sequentially, driven by higher activity in the North America and Middle East Areas as well as in the Australia and Russia GeoMarkets. In North America, a modest increase in activity on land was partially tempered by lower offshore rig count in the US Gulf of Mexico.
Semiconductor company $AMD posted wider 3Q16 loss, hurt by a $340MM WSA charge and a $61MM loss on debt redemption. $AMD reported a net loss of $406MM or $0.50 per share compared to a net loss of $197MM or $0.25 per share a year ago. Revenue for the quarter rose 23.2% to $1.31Bil. Excluding items, $AMD earned $0.03 per share.