Americas Markets - Latest Developments
DIRECTV today reported that second quarter 2014 revenues increased 5% to $8.11 billion, reported operating profit before depreciation and amortization(OPBDA) increased 3% to US$ 2.15 billion, reported operating profit increased 5% to US$ 1.42 billion and reported diluted earnings per share increased 35% to $1.59 compared to last year's second quarter.
Telesat Holdings Inc. today announced its financial results for the three and six month periods ended June 30, 2014. For the quarter ended June 30, 2014, Telesat reported consolidated revenue of CDN$ 226 million, an increase of 5% (CDN$10 million) compared to the same period in 2013.
Iridium Communications Inc. today reported financial results for the second quarter of 2014 and affirmed its full-year 2014 and long-range outlook. Net income was US$ 15.0 million, or $0.14 per diluted share, for the second quarter of 2014, as compared to US$ 15.4 million, or $0.18 per diluted share, for the second quarter of 2013. Operational EBITDA ("OEBITDA") for the second quarter was US$ 54.7 million, as compared to $51.1 million for the prior-year period, representing a year-over-year increase of 7 percent and an OEBITDA margin of 53 percent.
KVH Industries, Inc. today reported financial results for the second quarter ended June 30, 2014. The company reported second quarter revenue of US$ 40.9 million, net income on a generally accepted accounting principles (GAAP) basis of US$ 0.1 million or $0.00 per diluted share, and non-GAAP net income of US$ 0.8 million or US$ 0.05 per diluted share.
KVH Industries, Inc. today reported financial results for the second quarter ended June 30, 2014. The company reported second quarter revenue of US$ 40.9 million, net income on a generally accepted accounting principles (GAAP) basis of US$ 0.1 million or $0.00 per diluted share, and non-GAAP net income of US$ 0.8 million or US$ 0.05 per diluted share.
ViaSat Inc. has expanded its high-speed satellite data communication technology base with the acquisition of a high-rate modem product line and custom spacecraft technologies for earth observation from Gray Labs Inc.
Gray Labs has been at the leading edge of this market for several decades and the technology continues to provide high performance in ISR and other applications.
John Landgraf, CEO of FX Networks and FX Productions NY, will deliver the keynote address at the 2014 Content and Communications World (CCW), to be held November 12-13 in New York. CCW+SATCON, produced by the National Association of Broadcasters (NAB), is the East Coast's most significant content and communications event.
Rockwell Collins has completed the sale of its satellite communications business. The business, which designs, manufactures and services ground-based satellite communication systems primarily for military customers, will be renamed DataPath, Inc.
Details of the sale were not immediately released.
The company says in a statement the sale is part of a strategy to reshape its government systems business to focus on core products that will fuel future growth.
The sale includes operations in Duluth, Georgia, and Stockholm, Sweden, and includes about 365 employees.
The Boeing Company reported second-quarter core earnings per share (non-GAAP) of US$ 2.42, reflecting strong performance and favorable tax items. Second-quarter 2014 results included a US$ 272 million after-tax charge ($0.37 per share) on the KC-46A Tanker program reflecting the cost of additional engineering and systems installation work required to complete the Engineering and Manufacturing Development contract.
IBC announced that this year’s IBC Leaders’ Summit will be held on Thursday, September 11, 2014. An exclusive and invitation-only event curated specifically for 150 of the most influential and visionary people at the top of the industry, the IBC Leaders’ Summit is now in its fourth successful year. Industry leaders from all over the world fly to Amsterdam to take part in its sessions which mirror and distill the agenda of the mainstream IBC Conference into a single day of high-powered, top-level discussions.
