Category: Diversified Tech

Diversified Tech, Finance, Popular, Services Sector

Total System Services Sees Profits Soar in Q3

Total System Services, or TSYS, delivered a 38% year-on-year increase in adjusted third-quarter profits, reflecting the completion of a recent acquisition. On a GAAP basis, earnings rose 7% to $64.4 million, or $0.34 per share, from $60.3 million, or $0.32 per share, in the year-earlier quarter. Excluding acquisition-related intangible amortization, stock compensation and merger expenses, TSYS earned $92.8 million, up from $67.2 million a year … Continue reading Total System Services Sees Profits Soar in Q3

John MeadyLeave 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
Consumer Goods, Diversified Tech, Finance

Kimberly-Clark Withstands Pressure, Posts Adequate Earnings Results in Quarter

With a portfolio of leading brands and an expansive global distribution network, Kimberly-Clark continues to withstand the challenges resulting from intense competitive activity and lackluster macro conditions. Management raised the lower end of its full-year adjusted earnings per share expectations to $5.65-$5.75 (from $5.60 and compared with our forecast of $5.71), partly reflecting a lower tax rate and share count. Our $93 fair value estimate … Continue reading Kimberly-Clark Withstands Pressure, Posts Adequate Earnings Results in Quarter

John BellichLeave a comment
Diversified Tech, Finance

Anixter Posts Disappointing Q3 Revenue

Anixter reported third-quarter revenue and net income that imply 2013 results will be below street expectations, primarily because of emerging-market customer (13% of quarterly sales) project delays into the fourth quarter and early 2014.  Additionally, heavy-truck manufacturing customers have delayed their anticipated business improvement into 2014, relative to prior expectations for strong sales in late 2013. We have modestly reduced our 2013 operating income and … Continue reading Anixter Posts Disappointing Q3 Revenue

John MeadyLeave a comment
Diversified Tech, Finance, Financial, Mergers & Acquisitions, Services Sector, Software, Tech IPO

KPN Meets Street Expectations in Third Quarter

KPN reported third-quarter results that were generally in line with our expectations, and we are maintaining our fair value estimate and moat rating for now. While the firm has chosen to classify E-Plus, the German operation it agreed to sell to Telefonica, as a discontinued operation, we are including the division as we think there is still a significant chance that European regulators will not … Continue reading KPN Meets Street Expectations in Third Quarter

Jason KnoxLeave a comment
Diversified Tech, Finance

Roche’s Top-line Results on Track to Meet Guidance

Roche reported top-line results for the third quarter that put it on track to meet our expectations for the full year. Roche’s oncology drug portfolio and diagnostics segment form the basis of its personalized medicine strategy, feeding into the firm’s strong intangible assets and wide economic moat. At constant currencies, Roche’s sales were up 8% in the third quarter, with 9% pharmaceutical growth and 7% … Continue reading Roche’s Top-line Results on Track to Meet Guidance

Ryan HoltzLeave a comment