Diversified Tech

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…

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…

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…

On Wednesday afternoon, MarkWest Energy announced second-quarter results that were lower than last year, though roughly in line with expectations. Contending with meager gas and NGL prices, net income was cut by more than half to $84 million from $187 million last year, and though processing volumes actually increased dramatically by 53% over last year,…