Wynn Resorts WYNN reported weak first-quarter results, as the company continued to perform poorly in Macau due to intensifying competition from new casinos on the Cotai Strip. Revenue and EBITDA were above consensus estimates, but only because the company had an unusually high hold rate for VIP table games in Macau and table games in…
The US Patent Office and Trademark Office (USPTO) is an agency of the US Department of Commerce that exists to grant patents for the protection of inventions and to register trademarks. Given the importance of intellectual property protection for all businesses, but especially those in the technology sector, keeping abreast of these past and future…
Positive momentum in the long-suffering wood products business led improved results in Weyerhaeuser’s WY first quarter, as the segment benefited from improved housing demand and a cautious lumber industry that hasn’t fully recalibrated supply to meet the new demand reality. Results were more tepid in Weyerhaeuser’s other segments, as log prices haven’t enjoyed the kind…
Facebook Inc (NASDAQ FB) is likely rekindling privacy worries with its new plans to study users’ shopping habits across multiple devices. The social network says it will tell advertisers on what device shoppers first viewed the items they bought and then which device they were using when they actually purchased the item. Facebook has revealed…
International Game Technology IGT reported solid secondquarter results in line with our expectations. Revenue increased 11% to $600 million (compared with consensus of $572 million) and EBITDA increased 6% to $247 million (consensus of $200 million). The increase in revenue was driven by a 16% rise in product sales, primarily due to strong sales of…
We are maintaining our fair value estimate and economic moat rating for Ingram Micro IM after the company reported solid first-quarter results that indicated consumers across the globe are spending more on IT. Ingram Micro’s sales grew 19% year-over-year to $10.6 billion, with the 2012 BrightPoints and Aptec acquisitions adding $1.85 billion, or 13%, to…
