Category: Services Sector

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
Analysis, Finance, Services Sector

Weak Hospital Spending Hurts Varian Medical Systems in Quarter

Varian Medical Systems reported fairly weak fiscal fourth-quarter results. The company’s performance continues to be affected by tightening U.S. radiology reimbursement for freestanding clinics and the generally weak hospital spending environment. Our narrow moat and positive moat trend ratings remain intact; we continue to believe Varian is well positioned to capitalize on its strong technological platform and produce strong results over the next decade. We’re … Continue reading Weak Hospital Spending Hurts Varian Medical Systems in Quarter

Colin PettisLeave 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
Finance, Financial, Services Sector, Venture Capital

Airgas Earnings Come in Below Analysts’ Projections

Airgas reported second-quarter results that were below analyst’s projections, and the firm subsequently lowered its 2014 earnings guidance.  Although reported revenue increased 4% (2% organic and 2% from acquisitions) compared with the year-ago period, the core business environment was more subdued. The 2% organic sales consisted of pricing up 3% and volume down 1%. Gross margins increased 140 basis points to 56.1%, driven by a higher … Continue reading Airgas Earnings Come in Below Analysts’ Projections

Richard AtkinsLeave 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
Finance, Financial, Services Sector

Sigma-Aldrich Posts Strong Numbers; Life Sciences Business Thrives

Sigma-Aldrich reported third-quarter results in line with our expectations. Management increased the lower end of its EPS outlook on a favorable tax benefit, which is generally consistent with our EPS estimate for the year. Regardless, the company’s low-single-digit revenue growth trajectory remains on track with our forecast, and we’re leaving our fair value estimate and economic moat rating unchanged. Sigma’s organic revenue grew 5% from … Continue reading Sigma-Aldrich Posts Strong Numbers; Life Sciences Business Thrives

John MeadyLeave a comment