Category: Popular

BioTech, Finance, Financial, Popular, Semiconductors

Low Coal Prices Drive Huaneng Earnings in Quarter

Huaneng Power International reported 2013 third-quarter earnings of $1.52 per ADR compared with $0.92 per ADR in 2012’s third quarter. The reported results included an asset impairment charge and loss on disposal of noncurrent assets that reduced reported earnings by roughly $0.24 per ADR. Low market coal prices continue to drive strong earnings. We are reaffirming our narrow moat and stable moat trend ratings and … Continue reading Low Coal Prices Drive Huaneng Earnings in Quarter

Richard AtkinsLeave a comment
Popular, Services Sector

SVB Financial Posts 18% Increase in Revenue

SVB Financial Group’s first-quarter profits available to common investors rose 18% to $40.9 million, or $0.90 per diluted share, from $34.8 million, or $0.78 per diluted share, in the year-earlier first quarter. We are not changing our $55 per share fair value estimate or our narrow economic moat rating at this time. Noninterest expense rose 13% to $149 million. Noninterest income climbed 33% year over … Continue reading SVB Financial Posts 18% Increase in Revenue

Mark DeFranceLeave a comment
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
Consumer Goods, Finance, Financial, Popular

Polaris Continues to Surge; Results Beat Street Estimates

Polaris continues to deliver better-than-expected results, benefiting from persistent demand in response to well-received product launches and healthy growth in recently acquired businesses. While our narrow moat is predicated on strength in the firm’s brand and traditional product categories, we believe acquisitions and expansion into adjacent businesses could act as a major catalyst for earnings over the next decade. Shares are up 54% year to … Continue reading Polaris Continues to Surge; Results Beat Street Estimates

Chris LewisLeave a comment
Finance, Financial, Popular

KeyCorp Impresses as Revenue Jumps Year Over Year

KeyCorp earned $229 million, or $0.25 per diluted share, for the third quarter, up from $211 million, or $0.22 per diluted share, for the same period in 2012. Non interest income grew to $459 million from $429 million in the previous quarter. Reported net interest was $584 million, flat with the previous quarter. Net interest margins declined, falling 12 basis points to 3.11% as earning … Continue reading KeyCorp Impresses as Revenue Jumps Year Over Year

Kristen BartonLeave a comment
Analysis, Finance, Popular

Caltex Reports Significant First Half Declines

Caltex reported a 13% decline in first-half 2013 replacement cost net profit to AUD 171 million, in line with expectations. Revenue fell 2.5% to AUD 23.6 billion due to lower sales volumes and lower average prices. Marketing and distribution earnings before interest and tax, or EBIT, was in line with the record first-half 2012 result of AUD 367 million, as lower sales were favourably offset … Continue reading Caltex Reports Significant First Half Declines

Ryan HoltzLeave a comment