Earnings Watch: HII, WEN, RBS, IRM, KBR, NRG

Huntington Ingalls Industries (NYSE:HII) reported Q4 earnings that were well ahead of analysts’ estimates. The ship- and submarine builder said its adjusted diluted earnings rose nearly 28% to $1.66, exceeding the $1.22 average estimate from analysts polled by Capital IQ, if comparable. On a non-adjusted basis, diluted net earnings rose to $91 million from $50 million. Sales in the quarter meanwhile rose 6.2% to $1.94 … Continue reading Earnings Watch: HII, WEN, RBS, IRM, KBR, NRG

After-Hours Roundup: RGR, WYY, TGI, SPN, NDSN

Sturm, Ruger & Company (NYSE:RGR) is lower in after hours trading after the company reported mixed financial results for Q4 and declared a quarterly dividend of $0.54 per share. Shares are down 4.91% at $65.01, with a 52-week range of $44.76 – $85.93. The firearms company reported Q4 earnings of $1.33 per share, compared with the prior-year period’s $1 per share. Revenue was $181.9 million, up 28.3% from $141.8 million in the same quarter last year. Analysts polled by Capital IQ were expecting EPS of $1.38 on revenues of $179.14 million. The company also announced today that its board of directors declared a dividend of $0.54 per share for Q4, for shareholders of record as of March 14, 2014, payable on March 28, 2014.

Shares of WidePoint Corp. (NYSEMKT:WYY) are down 3.3% at $1.47 after-hours as the provider of solutions and services in mobile communications management and identity management, says it intends to offer shares of its common stock in an underwritten public offering. All of the shares in the offering are to be sold by WidePoint. WidePoint also expects to grant the underwriter a 30-day option to purchase additional shares of WidePoint’s common stock to cover over-allotments, if any.

Shares of Triumph Group Inc. (NYSE:TGI) are up 3.3% at $64.79 after-hours as the industrial components company says its board of directors has authorized a new 5 million share repurchase program. The company expects to use the new program to repurchase outstanding shares of its common stock. The company also has 500,200 shares remaining on its prior February 2008 authorization, bringing the total amount authorized for repurchases to 5,500,200 shares. The company currently has approximately 52.5 million shares of common stock outstanding.

Superior Energy Services, Inc. (NYSE:SPN) is steady late Tuesday after it meets with Q4 earnings but just misses with revenue. The company also announced plans to pursue strategic alternatives for its Asia Pacific-based subsea construction business. SPN said non-GAAP adjusted net income for Q4 was $48.3 million, or $0.30 per share. This compares with net income of $76.3 million, or $0.48 per share a year earlier. Revenue was $1.128 billion, down from $1.178 billion in the same quarter a year earlier. The Capital IQ consensus analyst estimate was for $0.30 per share on revenue of $1.2 billion.

The company said it intends to pursue strategic alternatives for its Asia Pacific-based subsea construction business. In addition, at the conclusion of the ongoing specialized platform decommissioning project, the company intends to no longer participate in the Gulf of Mexico structural decommissioning market. A significant portion of the specific charges were related to these businesses. These strategic changes will not impact the company’s Gulf of Mexico plug and abandonment business, a core service since the company’s founding.

Coatings and adhesives maker Nordson Corp. (NASDAQ:NDSN) is steady after hours after its profit declines compared to a year earlier. Improved revenue fell shy of the Street view. The company reports fiscal Q1 net income was $35 million, or $0.54 per share, compared to $42 million or $0.65 per share a year earlier. Adjusted EPS for the quarter was $0.56 per share. The Capital IQ consensus analyst estimate was for $0.62 per share Sales were $359 million, a 4% increase over the prior year’s sales. The Cap IQ figure was for $366 million. For Q2 guidance, the company said sales are expected to increase in the range of 5%-9% compared to same period a year ago; GAAP Diluted EPS in the range of $0.85 to $0.94. The Cap IQ figure, which may not be comparable, is for $0.93 per share.

Continue reading “After-Hours Roundup: RGR, WYY, TGI, SPN, NDSN”

Wipro’s Momentum Continues into Third Quarter

Wipro reported solid fiscal second-quarter earnings that, despite a continued soft spending environment, were in line with our expectations. IT Services delivered another good quarter, as the company was able to book a number of key contract wins. Management provided optimistic guidance for the upcoming quarter, and we will update our financial model based on these developments but do not anticipate a change to our … Continue reading Wipro’s Momentum Continues into Third Quarter

Pengrowth Energy Struggles in the Second Quarter

Pengrowth Energy reported earnings after the market close Wednesday. Earnings and cash flow fell, and uncertainty over the sustainability of the dividend persisted. The firm is once again in the position of requiring additional divestitures or making a dividend cut within the upcoming year. The problem for Pengrowth is that the continued payment of the dividend, combined with net losses, is eating into its book … Continue reading Pengrowth Energy Struggles in the Second Quarter

INFA Reports Strong Quarter Despite Macro Headwinds

Informatica reported solid first-quarter results with revenue growth slightly exceeding expectations, as increased hiring and investment weighed on margins. ┬áThe firm grew revenue 9.3% from the year-ago period to $214.3 million, 5% ahead of our model. Informatica changed the way it reports revenues by giving more details, which we find helpful. Service revenue was strong, gaining 14.8% year over year to $126.4 million. The Consulting … Continue reading INFA Reports Strong Quarter Despite Macro Headwinds

China Unicom Reports Strong Revenue Growth Year over Year

China Unicom reported nine-month results that continue to show strong revenue growth, but at the expense of margins. We think this strategy makes sense while China Mobile remains tied to its 3G TD-SCDMA network. However, with 4G likely coming in the next few months, this strategy may not continue to work. For now, though, we are maintaining our fair value estimate and moat rating. Unicom’s … Continue reading China Unicom Reports Strong Revenue Growth Year over Year