Endeavour Silver Corp. (NYSE:EXK) is up 1.5% in pre-market trade on Monday as it provided updated NI 43-101 silver and gold reserve and resource estimates for its three producing silver mines in Mexico (the Guanacevi Mine in Durango State and the Bolanitos and El Cubo Mines in Guanajuato State) as well as one exploration project…
QLogic (NASDAQ:QLGC) announced on Tuesday it was acquiring Broadcom’s 10/40/100GbE controller assets for $147M in an allcash deal. In addition, QLogic paid $62M in a one-time fee to purchase Broadcom’s Fibre Channel licenses, simply as an “insurance policy” to protect the strong cash flows of their FC business. Near-term, this acquisition should augment their market…
Pinnacle West Capital reported 2013 ongoing earnings of $3.66 per share versus $3.50 per share in 2012. The results were $0.03 better than the consensus estimate. Pinnacle West reiterated its 2014 ongoing earnings guidance of $3.60-$3.75 per share. Pinnacle West pushed its three-year financial outlook forward one year to 2014-16. One notable difference is that…
Thursday, after the markets closed, Healthways reported somewhat noisy fourth-quarter results, given an accounting change that required the deferral of roughly $10 million in sales/profits into future periods. Importantly, the company provided services and incurred all the costs related to this revenue stream, received the entire $10 million in cash during the quarter, and maintains…
For fourth quarter 2013, BroadSoft should meet or beat consensus estimates. We expect a large chunk of deferred revenue to come off the balance sheet and billings to show significant improvement sequentially in virtually all areas license, subscription, and maintenance on easy comparisons with the exception of professional services, which rebounded sharply in the third…
PacBio reported results that were in line with our expectations but slightly ahead of consensus. Revenue was $9.1 million, relative to our estimate of $9.8 million and consensus of $8.8 million, and loss per share was $0.26, relative to our estimate and consensus of loss per share of $0.28. The company booked orders for 9…
