CoreLogic (NYSE: CLGX) announced that intends to divest its Asset Management and Processing Solutions segment, the area of its business that offers services to banks that allow them to handle their portfolio of foreclosed properties. The segment will now be classified as held for sale, and the company will take a noncash impairment charge of…
Equinix (NASDAQ:EQIX) reported solid Q4 results, modestly ahead of the Street and management’s guidance. Based on recurring FCF estimates, the market is already pricing in a favorable REIT conversion ruling, with shares trading at a modest premium to other REITs. Moreover, if the company does not receive a positive ruling, analysts see significant downside in…
EOPN reported fiscal second quarter 2014 results last night, delivering total revenue and subscription that met our forecast while non-GAAP EPS of $(0.10) beat our (and the Street’s) estimate by a nickel. While the important metrics of subscription revenue and bookings guidance for FY14 remain intact, investors are likely to focus on the meaningfully lowered…
Following in the footsteps of comparable companies, Diodes reported in-line 3Q13 results but also provided below-consensus 4Q13 revenue guidance. Management’s 4Q13 revenue guidance of -5.5% quarter over quarter (midpoint) is an indication of weaker market conditions and not indicative of the company losing market share. We are sticking with our Buy rating as we believe…
In the first quarter, Spain’s Grupo BBVA reported profits of EUR 1,734 million, largely driven by gains of about EUR 823 million on disposals. Impairment losses fell 51% sequentially to EUR 1,376 million on the non-recurrence of special provisions in the trailing quarter, but the benefit of this was largely offset by a 7% sequential…
On Jan 21 Wal-Mart Stores Inc (NYSE:WMT) said it has launched a service allowing customers to pick up tax refunds in cash at stores across the United States. The service, Walmart Direct2Cash, was made available at Wal-Mart stores from Tuesday, the company said. Wal-Mart Stores Inc. (NYSE:WMT) belongs to Services sector. Its net profit margin…
