EMC Corporation (NYSE:EMC) just announced a new addition to the VNXe product line, an entry-level VNXe3200 storage array that starts out under $12,000. Available in Q2 of 2014, the new VNXe3200 is touted to be three times the performance of the previous VNXe models. It is designed to take advantage of new flash technology via…
Avon Products Inc. (NYSE:AVP) will pay $135 million to settle a long-standing U.S. government probe into whether the cosmetics company paid bribes in China and other countries to gain favors. Avon Products Inc. (NYSE:AVP), the world’s largest direct seller of cosmetics, said it would fork over $68 million to the Justice Department and $67 million…
eBay reported in-line 3Q results, with outperformance in Marketplaces revenue and incremental operating leverage offsetting a modest shortfall in PayPal revenue. However, guidance once again came in below expectations, driven by domestic macro weakness and caution regarding the holiday period. While we suspect management’s near-term forecast may prove conservative, we see no change to the…
ARM Holdings reported 3Q13 results on Thursday that were above consensus estimates. On a positive note, ARMH’s license revenue continues to significantly exceed expectations, and ARM PD (Processor Division) royalty revenue continues to outperform ARM’s served available market (SAM) according to management’s guidance. Admittedly, shares are richly valued, and the market clearly wanted a perfect…
In the first quarter, Echo posted 21% revenue growth (9% organic). The increase includes a boost from the October 2013 Sharp Freight acquisition, and partly reflects a 13% rise in shipment volume (less-than-truckload, or LTL, and truckload volume expanded 11% and 18%, respectively). We note that shipment activity slowed relative to the 20% year-over-year gains…
Lithia Motors reported all-time record results of $1.13 per share for adjusted diluted earnings per share from continuing operations. This mark beat consensus by $0.03, and another healthy mid-digit percentage increase in same-store revenue year over year also enabled the company to beat on revenue. Despite what we see as a very strong quarter, management’s…
