Geeknet reported strong 3Q13 revenue growth of 30% to $22.4 million vs. the 22% Street estimate, reflecting a significant quarter over quarter increase in new product launches and increased penetration in the wholesale channel. Adjusted EBITDA of a loss of $831,000 also exceeded our forecast, highlighting what we believe are sustainable margin improvements over the…
Following 2Q14 (Dec) results, many analysts are reiterating a Hold rating. On one hand, the company was able to exceed 2Q14 guidance. However, the company is still unprofitable and is guiding 3Q14 results to include an even greater loss. At this time, the company has no clear path to profitability other than a 35%-40% increase…
NanoString Technologies, Inc. (NASDAQ:NSTG), announced that its management is scheduled to present at the 2015 Leerink Global Healthcare Conference in New York. Brad Gray, President and Chief Executive Officer, is scheduled to present on Wednesday, February 11, 2015 at 8:25am ET. NanoString Technologies, Inc. (NASDAQ:NSTG) belongs to Healthcare sector. Its weekly performance is 6.70%. On…
On Jan 16, North American energy firm Williams Companies, Inc. (NYSE:WMB) declared that it has distributed record volumes of natural gas through Transco interstate gas pipeline to meet a high space heating demand created by frigid temperatures across the U.S Eastern Seaboard. Transco is owned by Williams Partners LP, of which Williams Companies is the…
BP p.l.c. (NYSE:BP) Chief Executive Bob Dudley told staff in a Monday memo that the company would freeze 2015 base pay, part of a larger round of cost savings and cuts the company has undertaken as oil prices remain at less than half the level of mid-2014, a BP spokesman said. BP p.l.c. (NYSE:BP) belongs…
Cliffs Natural Resources Inc. (NYSE:CLF) said that during the fourth quarter of 2014 and the beginning of January 2015, it has reduced its net debt balance by more than $400 million. The company said it achieved the accelerated debt reduction through the repayment of short-term debt as well as the repurchase of more than $200…
