Boston, MA 06/04/2014 (wallstreetpr) – NRG Energy Inc (NYSE:NRG) plans to convert two of its coal-burning plants at its Portland Generating Station to burn diesel fuel. The move to change the mandate of the two coal plants is part of a legal agreement that the company reached with the states of New Jersey and Connecticut. The two states went to court five years ago to claim that the plants violated the federal Clean Air Act.
Once the necessary adjustments are done, NRG Energy Inc (NYSE:NRG) intends to restart the two plants in June 2016.
The company suffered a net loss of 18 cents per share in its 1Q2014, missing the consensus estimate of 13 cents. Revenue for the quarter was $3.40 billion, ahead of the consensus estimate of $2.13 billion. Although NRG Energy (NYSE:NRG) saw its bottom-line weakening in the most recent quarter on a year-over-year basis, revenue was up almost 68 percent over the same quarter a year earlier.
The Walt Disney Company (NYSE:DIS) looks forward to a replay of the strengths that saw its 2Q2014 financial figures up by significant margins. The company saw its net income up 27 percent in 2Q to $1.92 billion. The growth was supported by strong performance in the film studio, a segment that the company has continued to promote in order to make positive performance in the division a regular occurrence. The company concluded 2Q with earnings per share on $1.08 on revenue of $11.65 billion. Revenue was up 10 percent on a year-over-year basis.
DSW Inc. (NYSE:DSW) will pay its shareholders a dividend of $0.1875 per share on June 30. The dividend reward will be extended to shareholders who own shares of the company as of June 20. The announcement of the quarterly dividend come on the back of revelations that billionaire Steven Cohen’s new fund, Point72 Asset Management, owns 4.72 million shares of DSW Inc. (NYSE:DSW). The stake valued at $2.3 billion represents 5.7 percent of the shoe company’s outstanding shares.
