On 25 February, Ocean Rig UDW Inc. (NASDAQ:ORIG) reported weaker-than-expected earnings for the fourth quarter. However, the company’s revenue exceeded analysts’ estimates. The Nicosia, Cyprus-based company reported a quarterly net income of $87.5 million, or $0.66 per share, compared to $39.7 million, or $0.30 per share, in the year-ago period. Revenue from drilling contracts climbed to $499.4 million from $345.5 million. However, analysts were expecting earnings of $0.71 per share on revenue of $487.69 million. On Friday shares of Ocean Rig UDW Inc. (NASDAQ:ORIG) closed at $8.00. Company’s sales growth for last 5 years was 40.10%.
Finance Minister Alexander Chikwanda says that Barrick Gold Corporation (NYSE:ABX) will not take the drastic step to shut down Lumwana mine following protracted disputes with government. Barrick Gold Corporation (NYSE:ABX) in last trading activity increased 2.04% to close at $13.02. Company weekly performance is 1.40% while its quarterly performance stands at 1.72%. Barrick Gold Corporation (NYSE:ABX) is -37.48% away from its 52 week high.
On 24 February, Scientific Games Corporation (NASDAQ:SGMS) announced that the patent infringement lawsuit that was filed over 5 years ago against its subsidiary company Bally Technologies, has been dismissed. The US District Court in Nevada dismissed the case with prejudice. On last trading day Scientific Games Corporation (NASDAQ:SGMS) decreased -1.82% to close at $13.51. Its volatility for the week is 3.65% while volatility for the month is 4.65%. SGMS’s sales growth for past 5 years was -0.50% and its EPS growth for past 5 years was -43.10%. Scientific Games Corporation (NASDAQ:SGMS) monthly performance is 8.95%.
Equities research analysts at Barclays decreased their price target on shares of Franklin Resources (NYSE:BEN) from $58.00 to $55.00 in a research note issued to investors on Friday. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective would suggest a potential upside of 1.55% from the stock’s previous close. Franklin Resources, Inc. (NYSE:BEN) has 33.20% insider ownership while its institutional ownership stands at 51.10%. In last trading activity company’s stock closed at $53.83.
Oracle Corporation (NYSE:ORCL) brought its converged infrastructure strategy to the communications industry with the Netra Modular System, the first integrated platform to merge traditional blade and rackmount architectures, networking and storage to support network function virtualization (NFV). On last trading day Oracle Corporation (NYSE:ORCL) decreased -0.16% to close at $43.82. Its volatility for the week is 1.26% while volatility for the month is 1.48%. ORCL’s sales growth for past 5 years was 10.50% and its EPS growth for past 5 years was 16.90%. Oracle Corporation (NYSE:ORCL) monthly performance is 2.65%.