Category: Commodities

Commodities, Finance, Mergers & Acquisitions, Software, Tech IPO

Tyco Posts Positive Results Despite Macro Headwinds

Tyco reported strong fiscal second-quarter results in the face of continued weakness in global commercial construction. The security and fire firm increased year-overyear organic revenue by 2% in the quarter, a slight acceleration from 1% growth in the prior quarter. Increased project selectivity in North America commercial security curbed revenue from growing further, but the company should see better growth from higher-margin service revenue in … Continue reading Tyco Posts Positive Results Despite Macro Headwinds

Adam KeintzelLeave a comment
Commodities, Diversified Tech, Finance

Lower Copper and Gold Prices Weigh on Freeport-McMoRan’s Quarter

Stronger-than-expected oil and gas volume highlighted Freeport-McMoRan’s third quarter on the operating front. However, lower copper and gold prices pressured cash flow and net debt rose in the quarter. We expect still-lower prices and continue to doubt Freeport can meaningfully deleverage unless it undertakes significant asset sales and cuts its dividend. Production and cost figures were solid. Strong output in the Eagle Ford and Gulf … Continue reading Lower Copper and Gold Prices Weigh on Freeport-McMoRan’s Quarter

Richard AtkinsLeave a comment
Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, software, Tech IPO

Still-Weak European Paper Demand Weighed on UPM’s 1Q Results

Despite relatively steady performance from the energy and pulp segments, UPM’s quarterly EBITDA contracted 20% year over year; EBITDA from the paper business was nearly halved over the same period. As the world’s largest producer of graphic paper, UPM remains highly dependent on its paper business, where volume continues to decline–European magazine papers fell 6%, newsprint fell 3%, and fine papers fell 6%–and present significant … Continue reading Still-Weak European Paper Demand Weighed on UPM’s 1Q Results

John MeadyLeave a comment
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Commodities, Diversified Tech, Finance

Noble Posts Adequate Quarterly Results

Noble reported solid third-quarter results. Total revenue increased slightly to $1.08 billion from $1.02 billion in the prior quarter, thanks mainly to the commencement of operations for two new ultra-deep-water rigs. The company also benefited from lower operational downtime, which fell to 4.6% from 5.2% in the prior quarter, essentially flat operating costs, and fewer shipyard days. Accordingly, Noble’s contract drilling margin improved to 53.1% … Continue reading Noble Posts Adequate Quarterly Results

John BellichLeave a comment
Analysis, Commodities, Consumer Goods, Diversified Tech, Finance, Financial, Popular, Services Sector

ResMed Sees Impressive Growth in Q3

ResMed delivered another impressive performance in the third quarter of fiscal 2013. Revenue rose 10% to USD 384 million, operating income increased 26% to USD 96.1 million and net income was 31% higher at USD 84.9 million. Diluted earnings per share rose 32% to USD 0.58 and over the nine months to 31 March 2013 are 36% higher than in the corresponding nine months in … Continue reading ResMed Sees Impressive Growth in Q3

John MeadyLeave a comment
Analysis, Commodities, Consumer Goods, Diversified Tech, Finance, Financial, Global Equity, Services Sector

PNC Poised For Strong Third Quarter

PNC Financial Services Group reported net income of $1.1 billion, or $1.99 per diluted share, for second quarter 2013 compared with $1.0 billion or $1.76 per diluted share for first quarter 2013. There were some one-time items, including securities gains ($61 million), gains on sale of Visa V stock ($83 million), and lower loss provision due to the better than expected improvement in commercial credit … Continue reading PNC Poised For Strong Third Quarter

Adam KeintzelLeave a comment