Category: Services Sector

Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, software, Software, Tech IPO

Credit Suisse Reports a Strong First Quarter

Credit Suisse CS earned CHF 1,026 million (CHF 0.76 per diluted share) in the first quarter compared with CHF 41 million in the year-ago quarter and CHF 221 million in the trailing quarter on better trading results and lower expenses. This quarter’s reported profit, which included CHF 80 million of noncash own-debt losses, amounted to an 11% return on equity. On a management-provided underlying basis, … Continue reading Credit Suisse Reports a Strong First Quarter

John MeadyLeave a comment
Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, software, Tech IPO

Kirby’s Coastal Operations Continue to Improve in the First Quarter

Kirby’s KEX first-quarter revenue fell 1% from last year. The decline was driven by anemic demand for United’s pressure pumping units, tempered by solid inland trends and improvement in coastal operations. The marine transportation business (75% of first-quarter sales) saw revenue increase 25%, thanks to persistent petrochemical and crude oil shipment demand, which is supporting 90%- plus inland-fleet utilization and favorable pricing. Market conditions in … Continue reading Kirby’s Coastal Operations Continue to Improve in the First Quarter

John MeadyLeave a comment
Diversified Tech, Featured, Finance, Services Sector

ARM Holdings in Line to Meet Full Year Guidance After Solid Quarter

ARM Holdings reported strong third-quarter earnings and gave investors a solid, but not spectacular, fourth-quarter outlook that was relatively in line with our expectations. We will maintain our moat rating for ARM but may raise our fair value estimate by about 10%. Nonetheless, we still believe the company’s stock price reflects overly optimistic assumptions about long-term royalty growth, particularly from PCs and servers. ARM’s revenue … Continue reading ARM Holdings in Line to Meet Full Year Guidance After Solid Quarter

Ryan HoltzLeave a comment
FB Nasdaq FB Facebook
Diversified Tech, Internet, Services Sector

HomeAway Shares Down 1% After-Hours

Shares of HomeAway (NASDAQ:AWAY) are dipping in after-hours trade as the online vacation rental company said it intends to offer $350 million aggregate principal amount of convertible senior notes due 2019 in a private placement to qualified institutional buyers, as well as expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $52.5 million aggregate principal amount … Continue reading HomeAway Shares Down 1% After-Hours

Richard Atkins
BioTech, Services Sector, Software

Sonic Beats on Q2 Earnings, In Line on Revenue

Sonic (NASDAQ:SONC) reported Q2 earnings of $0.07 per share, up from $0.05 per share last year and a penny better than the analyst consensus on Capital IQ. System-wide same-store sales increased 1.4%, consisting of an increase of 1.5% at franchise drive-ins and an increase of 1.3% at company drive-ins. Total revenue was $109.7 million, down from $111.1 million last year and about in line with … Continue reading Sonic Beats on Q2 Earnings, In Line on Revenue

Mark DeFrance
FB Nasdaq FB Facebook
Finance, Services Sector

Most Volatile Services Sector Stocks: NewLead (NASDAQ:NEWL), U.S. Auto Parts (NASDAQ:PRTS), Genco Shipping & Trading (NYSE:GNK), dELiA*s (NASDAQ:DLIA)

NewLead Holdings Ltd (NASDAQ:NEWL), an international, vertically integrated shipping and commodity company, announced having executed definitive agreements for the purchase of two eco type 31,800 dwt, Handysize bulk carriers which were built in 2012 for a total attainment price of $37 million.NewLead Holdings Ltd (NASDAQ:NEWL) stock performance was -15.99% in last session and finished the day at $2.89. Traded volume was 1,490,177 million shares in … Continue reading Most Volatile Services Sector Stocks: NewLead (NASDAQ:NEWL), U.S. Auto Parts (NASDAQ:PRTS), Genco Shipping & Trading (NYSE:GNK), dELiA*s (NASDAQ:DLIA)

Richard Atkins