On Tuesday, Shares of Hess Corp. (NYSE:HES), added 0.63% and closed at $47.74 in the last trading session. The last trading range of the stock ranges between $46.80 and $48.04. Hess Corporation, an exploration and production company, develops, produces, purchases, transports, and sells crude oil, natural gas liquids, and natural gas. The company operates in two segments, Exploration and Production, and Bakken Midstream. It is also involved in crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminating and loading crude oil and natural gas liquids, and the storage and terminating of propane mainly in the Bakken shale play of North Dakota.
Commscope Holding Company Inc (NASDAQ:COMM), jumped 3.04% and closed at $33.88 in the last trading session. The last trading range of the stock ranges between $32.88 and $33.95. The company’s Market capitalization is $6.68 Billion with the total Outstanding Shares of 192.87 million. CommScope Holding Company, Inc. (COMM), a global leader in infrastructure solutions for communications networks, stated sales of $1.29 billion and net income of $94 million, or $0.48 per diluted share, for the quarter ended September 30, 2016. Sales rose 33 percent year over year driven by incremental sales attributable to the BNS acquisition. Non-GAAP adjusted net income for the third quarter 2016 rose to $159 million, or $0.81 per diluted share. A reconciliation of stated GAAP results to non-GAAP results is attached.
In comparison, for the quarter ended September 30, 2015, CommScope stated sales of $973 million and a net loss of $81 million, or a loss of $0.42 per diluted share. Non-GAAP adjusted net income for the third quarter of 2015 was $103 million, or $0.53 per diluted share.