Boston, MA 02/21/2014 (wallstreetpr) – Denbury Resources Inc. (NYSE:DNR) was a source of earnings disappointment and thus fell on the browser. The company announced that its profit dipped by 22 percent on issues such as poor weather and low oil prices. While weather wasn’t much of an issue in the just reported quarter, it would be in the current quarter. Yet other challenges dogging the current quarter and by extension the full-year include planned shutdowns of come projects and delayed operations in other facilities. As a result of all these, production will take a slight fall, the company’s CEO Phil Rykhoek said. As regards earnings, DNR realized profit of $90 million, translating to 25 cents per share. That compared with profit of $114.7 million or 30 cents per share realized a year ago. On adjusted basis, earnings were 27 cents per share, down from 36 cents per share. Moving on, revenue came in at $599.1 million, a 1.7 percent improvement, but less than estimated $617 million. Shares of Denbury Resources Inc. (NYSE:DNR) concluded the last trading session at $15.95, following a 1.48 percent loss to bell time.
Advanced Micro Devices, Inc. (NYSE:AMD) has announced offering 6.75 percent Senior Notes worth $600 million which will be due in 2019. The company will conduct private offering for the notes and the transaction is scheduled to close on February 26, that is, if all goes according to plan. AMD hopes that it would realized net proceeds roughly $590 million after the application deductions are made and the money will be used for various purposed including purchase of $425 million senior notes due 2015 with 6 percent value. Generally, Advanced Micro Devices, Inc. (NYSE:AMD) is hoping to use the resulting net proceeds to redeem, retire or otherwise purchase outstanding debts.
Regions Financial Corporation (NYSE:RF) traded up Thursday, gaining 1.19 percent in the regular session to touch $10.22 at bell time. However, the post-market session was characterized with red ink whereby the stock lost 0.59 percent to slip to $10.16. A fairly big volume of the stock changed hands in the previous session. Regions Financial Corporation (NYSE:RF) presents its fiscal 2014 first quarter earnings in April around 21st.
