On Thursday, Shares of Delta Air Lines, Inc. (NYSE:DAL), added 1.88% and closed at $41.01 in the last trading session. The last trading range of the stock ranges between $37.81 and $40.88. Delta Air Lines (DAL) recently stated financial results for the September 2016 quarter. Highlights of Delta’s September 2016 quarter results, counting both GAAP and adjusted metrics, are below and incorporated here.
Adjusted pre-tax income for the September 2016 quarter was $1.9 billion, a $278 million decrease from the September 2015 quarter. The technology outage and subsequent operational recovery Delta practiced over four days in early August reduced pre-tax income for the quarter by an estimated $150 million.
“Delta’s resiliency stood out this quarter as we worked through the outage, continued revenue headwinds, and volatile fuel prices to produce the industry’s best operational reliability and service for our customers together with solid margins, cash flows and returns for our owners,” said Ed Bastian, Delta’s chief executive officer. “With our focus on building a more sustainable and durable business, we will be taking a cautious approach to 2017 by keeping our capacity in line with the December quarter’s 1 percent growth level.”
Mylan NV (NASDAQ:MYL), jumped 2.19% and closed at $37.88 in the last trading session. The last trading range of the stock ranges between $36.77and $38.28. The company’s Market capitalization is $20.26 Billion with the total Outstanding Shares of 534.91 million. Bernstein Liebhard LLP recently declared that a securities class action has been filed in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) consisting of all persons or entities who purchased or otherwise attained ordinary shares of Mylan N.V. and/or common shares of Mylan, Inc., Mylan N.V.’s predecessor (“Mylan” or the “Company”) (MYL) between February 28, 2013 and October 7, 2016, inclusive (the “Class Period”). The complaint alleges that Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
Mylan, together with its auxiliaries, develops, licenses, manufactures, markets and distributes generic, branded generic and specialty pharmaceuticals worldwide.
According to the Complaint, throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that Mylan N.V. and Mylan Inc. incorrectly classified EpiPen as a generic drug under the Medicaid Drug Rebate Program, which reduced the amount of quarterly rebates Mylan N.V. and Mylan Inc. owed for EpiPen. The Complaint alleges as a result of the incorrect classification Mylan N.V. and Mylan Inc.’s public statements were materially false and misleading at all relevant times.
Duke Energy Corp (NYSE:DUK), jumped 1.68% and closed at $77.94 in the last trading session. The last trading range of the stock ranges between $76.57 and $78.47. During the 52-week trading session the minimum price at which share price traded, registered at $65.50 and reached to max level of $87.75. Since the weekend, Duke Energy crews have reduced the number of customer outages caused by Hurricane Matthew from roughly 1.4 million to fewer than 60,000 – a company record pace for restorations in similar storms.
According to National Oceanic and Atmospheric Administration, flood waters in the hardest hit communities might not drop below flood stage for nine days.
Power restoration crews will be unable to access electrical lines and equipment until flood waters recede.
Those areas include: Clinton, Goldsboro, Kinston and Lumberton in North Carolina; and Florence, Hartsville and Marion in South Carolina.