Frontier Communications Corp (NASDAQ:FTR) up by 2.91%, Cheniere Energy Inc (NYSEMKT:LNG)

Posted by Michael Korte May 13, 2013 0 Comment 2018 views


Frontier Communications Corp (NASDAQ:FTR): The trading session on Friday saw Frontier Communications Corp (NASDAQ:FTR) shares gaining by 2.91%. The opening price of $4.12 touched an intraday high of $4.25 per share before setting down to $4.10. The total number of shares floated in Friday’s trading session was around 8.91 million, which stood above the average volume of 7.92 million, measured over a 30-day period.

Towards the end of last week, Frontier Communications Corporation announced a $0.10 per share, regular quarterly-cash dividend payment of common stock, which will be payable on 28 June 2013. Holders of common stock, on record at close of business on 7 June 2013 will be eligible for the dividend.

Frontier Communications Corp (NASDAQ:FTR) is a communications company. It primarily provides services to rural areas as well as medium-sized and small towns and cities in the U.S. The company offers a variety of voice, Internet, and television products and services. Some of these are available on an a la carte basis while others are available as packages or bundles and it operates in 27 states.

Cheniere Energy, Inc (NYSEMKT:LNG): The trading session on Friday saw Cheniere Energy, Inc (NYSEMKT:LNG) shares rising by 2.82%. The opening price of $29.00 touched an intraday high of $29.89 per share before setting down to $28.80. The total number of shares floated in Friday’s trading session was around 3.32 million, which stood below the average volume of 4.03 million, measured over a 30-day period.

Last week, the company reported its financial results and the report wasn’t one that investors have been raving about. Cheniere Energy, Inc reported a $117.1 million loss in its first-quarter in comparison to the $56.4 million loss, a year ago. The $0.54 per share loss was far removed from the $0.20 loss that had been projected by analysts. There was a 91% year over year rise in operating income. There was also a significant increase in loss on derivatives. These had risen from $836,000 in 2012 to $17.5 million in 2013. To add fuel to the fire, there was a 45% drop in revenue as well.


About Michael Korte

Michael Korte an investigative reporter at GDP Insider and is a breaking news reporter. Michael work includes investigations of misconduct by federal prosecutors and industrial air pollution around the nation's schools. His reporting has been recognized with the Hillman Prize for Newspaper Journalism, the Grantham Prize for Excellence in Reporting on the Environment, and the Philip Meyer Journalism Award for reporting that incorporates social science methods.

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