collected by :Ros Roger
As it stated in SEMBCORP Marine shares sank on Monday, following its second-quarter results released after trading hours on Friday which saw the group post a net loss of S$55.6m. By 1.40pm, its shares fell by 5.1 per cent or 10 Singapore cents, to S$1.86. About 7.2 million shares worth S$13.4 million changed hands. SembMarine's Q2 net loss of S$55.62 million was mainly attributed to the realised loss from the sale of a semi-submersible rig and lower overall business volume. Loss per share for the three months to June 30 was 2.66 Singapore cents, compared with earnings per share of 0.24 cent a year earlier.
according to
![GE beats on EPS but trims cash flow target; shares fall]()
Though GE affirmed that target on Friday, many analysts see it as unrealistic and have cut their estimates to less than $1.00. GE cut the industrial free cash flow target to $6 billion from a range of $6 billion to $7 billion. In June, it announced a $3.25-billion sale of its distributed power unit to U.S. buyout group Advent. GE's power unit is relying on services revenue to offset declining sales of new equipment. One positive for GE: Adjusted free cash flow from industrial activities swung to a positive $258 million in the quarter from a negative $1.7 billion in the first quarter.
according to
As it stated in SEMBCORP Marine shares sank on Monday, following its second-quarter results released after trading hours on Friday which saw the group post a net loss of S$55.6m. By 1.40pm, its shares fell by 5.1 per cent or 10 Singapore cents, to S$1.86. About 7.2 million shares worth S$13.4 million changed hands. SembMarine's Q2 net loss of S$55.62 million was mainly attributed to the realised loss from the sale of a semi-submersible rig and lower overall business volume. Loss per share for the three months to June 30 was 2.66 Singapore cents, compared with earnings per share of 0.24 cent a year earlier.
according to
GE beats on EPS but trims cash flow target; shares fall
Though GE affirmed that target on Friday, many analysts see it as unrealistic and have cut their estimates to less than $1.00. GE cut the industrial free cash flow target to $6 billion from a range of $6 billion to $7 billion. In June, it announced a $3.25-billion sale of its distributed power unit to U.S. buyout group Advent. GE's power unit is relying on services revenue to offset declining sales of new equipment. One positive for GE: Adjusted free cash flow from industrial activities swung to a positive $258 million in the quarter from a negative $1.7 billion in the first quarter.
according to