Paragon Shipping (NASDAQ:PRGN) firms after Jefferies & Co. initiates coverage with a buy rating a $12 price target. Jefferies said the outlook for dry bulk shipping is attractive, and Paragon has an attractive valuation. In afternoon trading, PRGN was up 3.05% to $6.67, at a 36% discount to Jefferies’ estimated net asset value (NAV). Shares…
Shares in Oculus Innovative Sciences, Inc. (NASDQ:OCLS) fell more than 9% pre-market Monday after the company said it will sell 450,620 units to two institutional investors for $3.00 each. The units will be made up of common stock, and Series A and Series B warrants. The company will raise about $1.35 million gross from the sale…
SS&C reported healthy fourth-quarter results that were roughly in line with expectations on the top line but above expectations on the bottom line. The company delivered revenue of $182.5 million (growth of 6.3% year-over-year), slightly below consensus at $182.6 million, and non-GAAP EPS of $0.53, which was a penny ahead of the Street ($0.52). The…
Trip Advisor (TLM) reported Q413 CFPS of $0.56, ~3% lower than our estimate of $0.58 but in line with consensus of $0.56 based on a company survey of analysts. Quarterly production of 387 mboe/d was slightly lower than our estimate of 393 mboe/d and consensus of 389 mboe/d. Operating EPS of ($0.11) was lower than…
3D Systems announced preliminary fourth quarter and full year 2013 results Wednesday morning, with revenue in line with expectations and a full-year adjusted EPS range of $0.83-$0.87, below previous guidance and consensus expectations. Management’s previous full-year adjusted EPS guidance range was $0.93-$1.03 and consensus was $0.97. GAAP EPS for the full year are expected to…
Tyco reported strong fiscal second-quarter results in the face of continued weakness in global commercial construction. The security and fire firm increased year-overyear organic revenue by 2% in the quarter, a slight acceleration from 1% growth in the prior quarter. Increased project selectivity in North America commercial security curbed revenue from growing further, but the…
