IPG Reports Organic Revenue Growth of 2.2% in the Second Quarter

Interpublic reported organic revenue growth of 2.2% in the second quarter, on par with the first quarter as the company rebounds from client losses in 2012. With expected clients wins starting to flow through in the third quarter, the firm is on track to meet its 2%-3% organic revenue growth forecast for 2013. Interpublic is battling a tough macroeconomic environment, especially in Europe, where it … Continue reading IPG Reports Organic Revenue Growth of 2.2% in the Second Quarter

Bendigo Bank Looks Ahead to Earnings Report Next Week

Bendigo Bank is set to report full-year fiscal 2013 results on 19 August. Analysts are forecasting 2013 earnings per share of AUD 88.4 cents, up 5% from 2012. Underpinning our optimism, is an expected decline in bad debts and a rosier outlook within both wholesale and retail funding markets. Morningstar is forecasting full-year dividends of AUD 60 cents per share (100% franked). Notwithstanding positive fundamentals, … Continue reading Bendigo Bank Looks Ahead to Earnings Report Next Week

Estee Sees Sales Increase 7% in Quarter

Estee Lauder has not been swayed by slowing global economic growth or competitive pressures, as evidenced by its continued top-line growth and margin expansion. Fourth quarter sales popped 7% (excluding foreign currency movements)–even more impressive as it came on top of 12% growth in the year-ago period. Investors were encouraged the firm is decentralizing innovation efforts to ensure its products resonate with consumers around the … Continue reading Estee Sees Sales Increase 7% in Quarter

Arrium Sees Jump in Share Price Despite Weak Earnings

Arrium’s share price was pushed up by 17% on the day of their earnigns results though many analysts do not share the market’s enthusiasm. Adjusted profit increased from AUD 143 million to AUD 168 million but quality remains poor. Profit was boosted by an interest rate on sizable, mainly U.S dollar denominated debt, of less than 5%, a reported tax rate on adjusted pretax profit … Continue reading Arrium Sees Jump in Share Price Despite Weak Earnings

Maxim Integrated to Acquire Volterra Semiconductor for $23 Per Share

Maxim Integrated announced this week that it will acquire Volterra Semiconductor for $23 per share or $605 million in total (or $450 million after excluding Volterra’s cash on hand). Analyst’s initial take is that the deal will be made at a reasonable, but not especially cheap, valuation, but it does allow Maxim to expand into the server power management chip business and the acquisition of … Continue reading Maxim Integrated to Acquire Volterra Semiconductor for $23 Per Share

60 Years Later, This Underappreciated Technology Continues to Ensure Safer Financial Transactions

With the speed and convenience that advancements in technology have afforded us, its no wonder why we have seen our lives “digitized” at a rapid pace. Everything from shopping to socializing can be done from the comfort of our own home. Although as this shift has occurred, combined with more and more of our personal information being stored on servers around the world, cyber security … Continue reading 60 Years Later, This Underappreciated Technology Continues to Ensure Safer Financial Transactions