Category: Services Sector

Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, software, Tech IPO

Santander`s First-Quarter Profit Benefits Lower Provisions

In the first quarter of the year, Spain’s largest bank, Grupo Santander SAN , earned EUR 1,205 million, up significantly from the EUR 401 million it earned in the trailing quarter. Most of this increase was due to the non-recurrence of special loan loss provisions in the fourth quarter; excluding this, earnings were up 18% sequentially, but down 26% from the year-ago quarter because of … Continue reading Santander`s First-Quarter Profit Benefits Lower Provisions

John MeadyLeave a comment
Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, software, Tech IPO

BASF`s Crop Protection Products Help Boost Results in First Quarter

In the first quarter, BASF BAS continued to rely on its diversified product mix in what has been a challenging market environment for chemical producers. BASF’s agriculture and oil and gas businesses propped up sales in the first quarter, as revenues increased 4.8% year over year. On a geographic basis, management noted that growth in China was below the firm’s expectations during the quarter. Excluding … Continue reading BASF`s Crop Protection Products Help Boost Results in First Quarter

John MeadyLeave a comment
Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, software, Tech IPO

Credit Suisse Reports a Strong First Quarter

Credit Suisse CS earned CHF 1,026 million (CHF 0.76 per diluted share) in the first quarter compared with CHF 41 million in the year-ago quarter and CHF 221 million in the trailing quarter on better trading results and lower expenses. This quarter’s reported profit, which included CHF 80 million of noncash own-debt losses, amounted to an 11% return on equity. On a management-provided underlying basis, … Continue reading Credit Suisse Reports a Strong First Quarter

John MeadyLeave a comment
Analysis, BioTech, Commodities, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, software, Tech IPO

Kirby’s Coastal Operations Continue to Improve in the First Quarter

Kirby’s KEX first-quarter revenue fell 1% from last year. The decline was driven by anemic demand for United’s pressure pumping units, tempered by solid inland trends and improvement in coastal operations. The marine transportation business (75% of first-quarter sales) saw revenue increase 25%, thanks to persistent petrochemical and crude oil shipment demand, which is supporting 90%- plus inland-fleet utilization and favorable pricing. Market conditions in … Continue reading Kirby’s Coastal Operations Continue to Improve in the First Quarter

John MeadyLeave a comment
Diversified Tech, Featured, Finance, Services Sector

ARM Holdings in Line to Meet Full Year Guidance After Solid Quarter

ARM Holdings reported strong third-quarter earnings and gave investors a solid, but not spectacular, fourth-quarter outlook that was relatively in line with our expectations. We will maintain our moat rating for ARM but may raise our fair value estimate by about 10%. Nonetheless, we still believe the company’s stock price reflects overly optimistic assumptions about long-term royalty growth, particularly from PCs and servers. ARM’s revenue … Continue reading ARM Holdings in Line to Meet Full Year Guidance After Solid Quarter

Ryan HoltzLeave a comment
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Diversified Tech, Internet, Services Sector

HomeAway Shares Down 1% After-Hours

Shares of HomeAway (NASDAQ:AWAY) are dipping in after-hours trade as the online vacation rental company said it intends to offer $350 million aggregate principal amount of convertible senior notes due 2019 in a private placement to qualified institutional buyers, as well as expects to grant the initial purchasers of the notes a 30-day option to purchase up to an additional $52.5 million aggregate principal amount … Continue reading HomeAway Shares Down 1% After-Hours

Richard Atkins