Category: Popular

Consumer Goods, Finance, Financial, Popular

Polaris Continues to Surge; Results Beat Street Estimates

Polaris continues to deliver better-than-expected results, benefiting from persistent demand in response to well-received product launches and healthy growth in recently acquired businesses. While our narrow moat is predicated on strength in the firm’s brand and traditional product categories, we believe acquisitions and expansion into adjacent businesses could act as a major catalyst for earnings over the next decade. Shares are up 54% year to … Continue reading Polaris Continues to Surge; Results Beat Street Estimates

Chris LewisLeave a comment
Finance, Financial, Popular

KeyCorp Impresses as Revenue Jumps Year Over Year

KeyCorp earned $229 million, or $0.25 per diluted share, for the third quarter, up from $211 million, or $0.22 per diluted share, for the same period in 2012. Non interest income grew to $459 million from $429 million in the previous quarter. Reported net interest was $584 million, flat with the previous quarter. Net interest margins declined, falling 12 basis points to 3.11% as earning … Continue reading KeyCorp Impresses as Revenue Jumps Year Over Year

Kristen BartonLeave a comment
Analysis, Finance, Popular

Caltex Reports Significant First Half Declines

Caltex reported a 13% decline in first-half 2013 replacement cost net profit to AUD 171 million, in line with expectations. Revenue fell 2.5% to AUD 23.6 billion due to lower sales volumes and lower average prices. Marketing and distribution earnings before interest and tax, or EBIT, was in line with the record first-half 2012 result of AUD 367 million, as lower sales were favourably offset … Continue reading Caltex Reports Significant First Half Declines

Ryan HoltzLeave a comment
Analysis, Diversified Tech, Finance, Financial, Popular, Services Sector

ASM Lithography Meet Street Expectations

ASM Lithography reported third-quarter results that were within the range of our expectations. We are maintaining our fair value estimate and moat rating. For the quarter, revenue was EUR 1.32 billion, up 11% sequentially, and an increase from sales of EUR 1.23 billion in the year-ago quarter. Sales benefited from improved business conditions and a full quarter of contribution from ASML’s recent acquisition of lithography … Continue reading ASM Lithography Meet Street Expectations

John MeadyLeave a comment
FB Nasdaq FB Facebook
Analysis, Consumer Goods, Diversified Tech, Finance, Financial, Popular, Services Sector

Buckeye Announces Acquisition of Hess’ Terminal Assets

Last week, Buckeye announced it has agreed to acquire Hess’ terminal assets spanning the East Coast and Caribbean for $850 million. The addition of 39 million barrels of storage increases Buckeye’s storage capacity by more than 50% to 112 million barrels and complements the partnership’s existing wide-moat footprint very well, in our view. In particular, Buckeye will gain 15 million barrels of capacity in the … Continue reading Buckeye Announces Acquisition of Hess’ Terminal Assets

Mark DoerrLeave a comment
Consumer Goods, Finance, Financial, Popular, Services Sector

HDFC Exceeds Consensus Estimates in Fiscal First Half

HDFC Bank’s first-half 2014 earnings were up 29% on the prior comparable period, with pretax, pre-provision earnings up 27%. These results exceeded expectations, with growth in provisions and operating expenses (up 4% and 17%, respectively) significantly trailing the 22% growth in net revenues. However, this divergence between income and cost growth is not unusual given that loan loss provisions typically lag loan origination by around … Continue reading HDFC Exceeds Consensus Estimates in Fiscal First Half

Jayne CrismanLeave a comment