On Friday, Shares of The Williams Companies Inc. (NYSE: WMB) lost -0.67% to $26.68. The stock opened its trade at $27.03 and after floating in a price range of $26.60 to $27.24; the stock grabbed the investor’s attention and traded 7,680,461 shares as compared to its average daily volume of 8.66M shares. The stock’s institutional ownership stands at 88.10%.
Williams (WMB) recently declared its financial results for the three months ended March 31, 2018.
First-Quarter 2018 Financial Results:
Williams stated unaudited first-quarter 2018 net income attributable to Williams of $152.0M, a decrease of $221.0M from first-quarter 2017. The unfavorable change was driven mainly by the absence of a $269.0M gain in first-quarter 2017 associated with a transaction involving certain joint-venture interests in the Permian basin and Marcellus shale. Commodity margins were $59.0M lower due mainly to the absence of margins from the Geismar olefins facility, which was sold July 6, 2017. The unfavorable change also reflects the absence of $43.0M of gains on early retirement of debt and contract settlements and terminations, and $25.0M lower equity earnings due mainly to lower earnings at Discovery Producer Services. Partially offsetting the decreases were $90.0M increased service revenues due mainly to Williams Partners’ Transco expansions and higher gathered volumes in the Williams Partners’ West business segment and $43.0M lower operating and maintenance (O&M) and selling, general and administrative (SG&A) expenses. The year-over-year change also includes a modest increase in income tax expense reflecting the absence of a $127.0M prior-year benefit from the expected utilization of a capital loss carryover and a reduction in income attributable to non-controlling interests.
Williams stated first-quarter 2018 Adjusted EBITDA of $1.135.0B, a $10.0M decrease from first-quarter 2017. Williams Partners’ current business segments improved by $53.0M over the same period in 2017, driven by $58.0M increased revenues from Williams Partners’ Transco expansion projects being placed into service in 2017 and 2018 and a $14.0M increase in natural gas liquids margins. Partially offsetting the increases was a $23.0M decrease in proportional EBITDA from joint ventures due mainly to a noteworthy decline in volumes on the Discovery system. The improvement from Williams Partners’ current business segments was partially offset by the absence of $49.0M Adjusted EBITDA earned in first-quarter 2017 from Williams Partners’ former NGL & Petchem Services business segment mainly as a result of the sale of the Geismar olefins facility on July 6, 2017.
WMB has a market value of $22.24B while its EPS was booked as $0.03 in the last 12 months. The stock has 833.74M shares outstanding. In the profitability analysis, the company has gross profit margin of 70.90% while net profit margin was 24.00%. Beta value of the company was 1.43; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 1.80.
Facebook Cryptocurrency: What is it and How could use to Mastercard and Visa?
Facebook’s digital money plans sound promising and are believed to profit the site in four different ways.
The Wall Street Journal detailed that Facebook is intending to fabricate a digital money installment stage codenamed ‘Venture Libra’. This will empower clients to utilize advanced coins when buying on the informal organization and outsider destinations. The online life mammoth is depending on the unification of the three greatest informing stages – Instagram, Messenger, and WhatsApp to empower crypto installments over these stages.
Four things to think about Facebook’s Cryptocurrency plans
1. It would lessen value unpredictability
As per reports, Facebook will utilize “stable coins” or cryptographic forms of money pegged to a steady advantage for lessening the instability normal to different digital forms of money. At the point when the value unpredictability is appealing to merchants then it acquires burden ordinary installments.
2. It could upset the market for online installments.
The ‘Facebook coin’ could hypothetically turn into the world’s most generally utilized money with more than 2 billion month to month dynamic clients. It is, in this way, can possibly challenge installment stages, for example, PayPal, Apple, Google Play, Amazon Pay, and Square.
3. It could help push other Facebook’s online business aspirations.
Facebook’s crypto plan could supplement its online business and installment endeavors, including the Craigslist-like Facebook Marketplace, intuitive live recordings empowering traders to sell their items, in-application checkouts for buys on Instagram, and Messenger’s shared installments. These administrations are as of now being offered in chosen markets which could be additionally extended to all clients worldwide when the single cash is propelled.
The informal community mammoth can in like manner help its installment administration by charging extra expenses on coin buys and different exchanges. It could along these lines decrease reliance on promotions accordingly.
4. It will empower Facebook to compensate clients and vendors.
Media reports said that Facebook clients will be compensated with either crypto coins or dependability focuses for review promotions, making buys over its stages and collaborating with substance.
Dealers, then again, would be remunerated for tolerating Facebook’s digital currency. They can, for example, use Facebook coins created from finished exchanges from clients to buy promotions at a markdown.
Facebook’s digital money arrangement with Mastercard and Visa
While Facebook’s digital money desire could challenge business as usual of Visa firms, for example, Mastercard and Visa, there are reports that Facebook is entirely conversing with them two for a potential joint effort. It really bodes well thinking about that the informal organization will require a physical charge card accomplice to develop into physical stores.
Amazon Summer Prime Day Sale: Top deals & offers that you can grab
Amazon has been such an across the board name, that nearly everybody has heard it and utilized their administrations, regardless of whether its Amazon conveyance, Amazon music or Prime recordings. Amazon has been such a fruitful brand, that it made Jeff Bezos the world’s most extravagant man with total assets of $145.3 billion.
The explanation behind Amazon’s notoriety is the alluring offers and standard deals. Amazon had record-breaking bargains amid its Black Friday deal, and it looks the following Amazon Prime Sale will be much greater. Reports are recommending that Amazon Prime Day 2019 will be held in July one month from now, everywhere throughout the world.
Amazon Prime Day: What do we know so Far?Amazon Prime Day 2019 date, arrangements and offers
Amazon began Primed day Sale in 2015 as an approach to pull in more clients to buy into its Prime Services, which was astounding that the quantities of arrangements and offers that turned out amid that. After that Amazon began doing yearly deals, including Cyber Monday and Black Friday in the middle.
A year ago, a record 89 million clients signed into Amazon amid Prime Day Sale and purchased in excess of 100 million items. The Sale endured 36 hours and even included neighborhood basic supply items. Amazon Prime individuals get exceptional arrangements, and additional time looked at too customary clients.
Amazon Prime Day: Dates and Offers
Amazon hasn’t declared any date during the current year’s Prime Day, however dependent on earlier years and current reports, it is relied upon to happen at some point in the following month of July 2019. It could happen somewhere close to 8 July and 16 July and for a more extended span contrasted with a year ago dependent on theories, however, Amazon will report the dates just before a week or something like that.
The top arrangements will be on Electric things which are sold most amid the Sale dates, alongside Security Systems, Home Assistants and electric cooking Appliances. Amazon’s own items, for example, Fire Stick and Alexa Assistant are the ones having the most measure of markdown.
Amazon Prime Day Sale: How to get the best Deals?
The principal thing to plan for the Sale is to buy into Amazon Prime day a couple of days before the Sale begins. Amazon offers one month free preliminary for first-time clients, which can be selected from their official Website. Prime individuals have the best arrangements and prior access to Sale things.
Set up a rundown of the things that you need to purchase ahead of time so it spares your time and you can pick decisively. In the event that you are having another companion or relative along who needs to purchase something, add those things to your truck, as higher bills have higher limits.
Amazon Prime Day 2019 date, arrangements and offers
While the Prime day is a damnation parcel of tricky for Amazon representatives, with expanded deals, work over-burden and vast irritated conditions, for us clients it will be completely advantageous.
Financial Reports are Key to Consider: The Southern Company (NYSE: SO)
On Friday, Shares of The Southern Company (NYSE: SO) rose 0.23% to $43.28. The stock recorded $42.97 as its minimum price and hit the max level of $43.39, during its most recent trading session. It traded total volume of 3,981,093 shares lower than the average volume of 5.19M shares.
Southern Company recently stated first-quarter 2018 earnings of $938.0M, or 93 cents per share, contrast with earnings of $658.0M, or 66 cents per share, in the first quarter of 2017.
Southern Company earned $893.0M, or 88 cents per share, during the first quarter of 2018, contrast with $652.0M, or 66 cents per share, during the first quarter of 2017.
First quarter 2018 operating revenues were $6.37B, contrast with $5.77B for the first quarter of 2017, a boost of 10.4 percent.
SO has the market capitalization of $43.76B and its EPS growth ratio for the past five years was -26.50%. The return on assets ratio of the Company was 1.00% while its return on investment ratio stands at 2.90%. Price to sales ratio was 1.85 while 60.10% of the stock was owned by institutional investors.
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