In the first quarter, Echo posted 21% revenue growth (9% organic). The increase includes a boost from the October 2013 Sharp Freight acquisition, and partly reflects a 13% rise in shipment volume (less-than-truckload, or LTL, and truckload volume expanded 11% and 18%, respectively). We note that shipment activity slowed relative to the 20% year-over-year gains…
VeriSign announced a solid start to the financial year, and its full-year guidance remains primarily unchanged. The company added 1.99 million net new names for the quarter and now provides registry services for 123.1 million active domains across the .com and .net zones – a 5.5% increase year-over year. With such a large domain base,…
Wipro reported solid fiscal second-quarter earnings that, despite a continued soft spending environment, were in line with our expectations. IT Services delivered another good quarter, as the company was able to book a number of key contract wins. Management provided optimistic guidance for the upcoming quarter, and we will update our financial model based on…
QCR Holdings reported net income of $2.4 million, or $0.49 per share, after preferred stock dividends of $811 thousand in the first quarter of 204 compared with net profit of $2.3 million, or $0.48 per share, after preferred dividends of $939 thousand in the first quarter of 2013. Despite the net interest margin decline during…
After reviewing MeadWestvaco’s third-quarter results and the pending land sale with Plum Creek Timber, analysts do not expect to materially change the fair value estimate of $34 per share. Starting with third-quarter results, solid performance from MWV’s Industrial and Specialty Chemicals divisions again offset persistent weakness in the Food and Beverage and the Home, Health,…
Pengrowth Energy reported earnings after the market close Wednesday. Earnings and cash flow fell, and uncertainty over the sustainability of the dividend persisted. The firm is once again in the position of requiring additional divestitures or making a dividend cut within the upcoming year. The problem for Pengrowth is that the continued payment of the…
