Frontline’s (FRO) vessel operating expenses increased by $6.9 million from 1Q17 to $37.5 million in 2Q17.
Frontline’s (FRO) revenues dropped to $150.1 million in 2Q17 from $171.1 million in 1Q17. Its revenues fell 21.7% from 2Q16’s revenues of $191.6 million.
Frontline (FRO) expects the current market weakness to continue in the short term. It believes the market could improve in 2018 as the pace of newbuild deliveries decelerates and scrapping activity increases.
On September 1, 2017, CenturyLink was trading at a forward EV-to-EBITDA multiple of ~6.2x.
In 2Q17, CenturyLink served ~5.9 million broadband customers, an ~2.0% reduction year-over-year
CenturyLink’s adjusted EBITDA was $1.4 billion in 2Q17 compared to $1.6 billion in 2Q16.
CenturyLink reported total core revenues of $3.7 billion in 2Q17, an ~7.9% reduction year-over-year.
CenturyLink’s total operating revenues fell ~7.0% year-over-year to reach $4.1 billion in 2Q17.
CenturyLink’s (CTL) adjusted EBITDA was ~$1.4 billion in 2Q17 compared to ~$1.7 billion in 2Q16.
Wall Street expects CenturyLink’s (CTL) 2017 earnings to decrease year-over-year. Analysts expect CTL to report earnings per share (or EPS) of $1.95 in 2017 compared to EPS of $2.45 in 2016.
As a result of its active customer base, PayPal reported that its total payment volume for 2Q17 rose 23% year-over-year to $106.4 billion.
At the beginning of 3Q17, PayPal (PYPL) announced several strategic partnerships to support its growth in its overseas markets.
PayPal (PYPL) was given a “buy” recommendation by 31 of the 44 analysts covering its stock. Thirteen analysts recommended a “hold,” and there were no “sell” recommendations.
Baidu and PayPal combined their digital payment services to make it easier for millions of Chinese consumers to pay for purchases from overseas vendors.
In 2Q17, PayPal’s transaction revenues related to payment processing rose 18% year-over-year to more than $2.7 billion.
The volume for global digital payments is forecast to grow to $5.0 trillion by 2021 from $3.0 trillion in 2015, according to Juniper Research.
PayPal has written more than $3.0 billion in small business loans since 2013.
According to the Polsky Center, the alternative loan volume in the US (SPY) rose to $34.5 billion in 2016, up from ~$28.3 billion in 2015.
PayPal is battling Amazon (AMZN), Square (SQ), and LendingClub (LC) for revenues in the alternative lending market.
Pending regulatory approval, PayPal (PYPL) plans to acquire Swift Financial for an undisclosed amount. Swift Financial had already raised more than $56 million in venture capital when it agreed to sell itself to PayPal.