GSE Systems, Inc. Reports a Respectable Q3 in a Tough Environment

Last night, GSE Systems, Inc. (GVP) reported a good quarter, delivering contract revenue upside, in line GAAP EPS and relatively stable backlog in its 3Q13 earnings report. Despite posting a respectable performance, the company is still feeling the impact from stalled nuclear and non-nuclear simulator projects in the US, and from cancelled and delayed nuclear projects in Japan and Germany. We’re reiterating our Speculative Hold … Continue reading GSE Systems, Inc. Reports a Respectable Q3 in a Tough Environment

Mineral Resources Posts Impressive Full Year Results

Mineral Resources’ AUD 180 million fiscal 2013 net profit comfortably exceeded analyst’s AUD 141 million forecast. Despite a 26% fall in headline profit, versus fiscal 2012, underlying profit increased 11% and marks an impressive seventh consecutive year of profit growth since the company listed in 2006. However, we maintain our thesis that inadequate operational and financial disclosure creates high uncertainty in both earnings forecasts and … Continue reading Mineral Resources Posts Impressive Full Year Results

Avago Technologies to Acquire LSI Corp at 41% Premium

On Monday morning, it was announced that Avago Technologies (AVGO), a leader in advanced optical, analog and mixed-signal chip design, will acquire LSI Corp (LSI), a strong market participant in hard disk drive semiconductor, system-level silicon for communications and server applications and flash storage solutions. AVGO will pay $6.6 billion for LSI, or $11.15 per LSI share. This is a 41% premium from Friday’s close … Continue reading Avago Technologies to Acquire LSI Corp at 41% Premium

Aon’s Q1 Growth Weaker Than Expected

Aon’s first-quarter results showed weaker-than-expected growth in HR Consulting. Overall, the company reported 2% growth in revenue and essentially no change in operating margins at 18.5%. The company reported adjusted operating income–net of restructuring charges and amortization of intangible assets–of $538 million, up about 2% from a year ago. Revenue growth slowed significantly within the consulting segment. The unit reported a 1% year-over-year increase due … Continue reading Aon’s Q1 Growth Weaker Than Expected

ARM Holdings Beats Street Estimates Once Again

ARM Holdings reported 3Q13 results on Thursday that were above consensus estimates. On a positive note, ARMH’s license revenue continues to significantly exceed expectations, and ARM PD (Processor Division) royalty revenue continues to outperform ARM’s served available market (SAM) according to management’s guidance. Admittedly, shares are richly valued, and the market clearly wanted a perfect quarterly report with perfect guidance. However, there were a few … Continue reading ARM Holdings Beats Street Estimates Once Again

Verisign Posts Solid Start in Fiscal Q1

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, VeriSign continues to be the prominent global gTLD provider. We … Continue reading Verisign Posts Solid Start in Fiscal Q1