Energy stocks were sharply higher Monday with the NYSE Energy Sector Index rising about 1.9% while shares of energy companies in the S&P 500 were ahead nearly 2.3% as a group. Crude oil for April delivery was up 59 cents at $102.79 per barrel while March natural gas shed 11 cents today to $4.90 per 1 million BTU. In company news, Magnum Hunter Resources Corp … Continue reading Energy Stocks Pacing Market Gains
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 (San Sebastian Project in Jalisco State) as of December 31, … Continue reading Pre-Market Movers – EXK, LLY, DDS, TGE, CPS
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 position in the FCoE market, though it could create some … Continue reading QLogic Corporation Announces Key Acquisition
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 annual retail customer growth is expected to average 2.5% versus … Continue reading Pinnacle West Posts Strong Quarterly Results
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 an ongoing relationship with the client; it simply determined that, … Continue reading Healthways, Inc. Double-Digit Organic Growth on the Horizon
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 quarter. With respect to the outlook, the swing factor in … Continue reading Broadsoft Expected to Report Strong Quarter; Sprint Bringing Credibility in Mobile
