Forward Air Corp Fourth-Quarter Results Fall Short Mainly Due to Weather

Forward Air fourth-quarter EPS declined 7%, to $0.50, which fell well short of our $0.55 estimate and the $0.56 consensus. The miss was mainly due to increased costs associated with difficult weather while revenue growth remained healthy (up 16%, to $181 million) and volume growth was strong (airport-to-airport volume up 6%). We believe the weather challenges this winter have been unprecedented, and we were not … Continue reading Forward Air Corp Fourth-Quarter Results Fall Short Mainly Due to Weather

Mark DeFrance02/1202/12

BioTech, Software

Talisman Energy Moving in Right Direction After Q4 Results

Trip Advisor (TLM) reported Q413 CFPS of $0.56, ~3% lower than our estimate of $0.58 but in line with consensus of $0.56 based on a company survey of analysts. Quarterly production of 387 mboe/d was slightly lower than our estimate of 393 mboe/d and consensus of 389 mboe/d. Operating EPS of ($0.11) was lower than our estimate of ($0.03) and consensus of $0.01, and included … Continue reading Talisman Energy Moving in Right Direction After Q4 Results

Adam Keintzel02/1202/12

Services Sector, Software

ING Beats Street Estimates Across the Board

This morning, ING Inc (VOYA) reported operating EPS from the ongoing business of $0.75, better than our $0.71 estimate and the consensus of $0.69. After stripping out DAC unlocks and better NII from some Lehman recoveries, we believe the company defines core of $0.68, in line with our expectation for core earnings for the quarter. The core beat vs. our expectations was driven by better … Continue reading ING Beats Street Estimates Across the Board

Jason Knox02/1202/12

news, Software

Trip Advisor Posts Solid Numbers in Quarter

Trip Advisor (TRIP) reported solid 4Q earnings with rev. 3% above our estimate, helped by strength in Display (46% y/y) and Other (53% y/y). Adj. EBITDA was 1% below consensus and 9% below our forecast largely due to higher than expected TV ad spend, which we believe was amplified in the quarter as the company sought to test and refine within the somewhat new channel. … Continue reading Trip Advisor Posts Solid Numbers in Quarter

John Meady02/1202/12

Software

3D Systems Forecasts 2014 Declines

3D Systems announced preliminary fourth quarter and full year 2013 results Wednesday morning, with revenue in line with expectations and a full-year adjusted EPS range of $0.83-$0.87, below previous guidance and consensus expectations. Management’s previous full-year adjusted EPS guidance range was $0.93-$1.03 and consensus was $0.97. GAAP EPS for the full year are expected to be $0.43-$0.45. The earnings shortfall was attributed to gross margin … Continue reading 3D Systems Forecasts 2014 Declines

Adam Keintzel02/1202/12

BioTech, Software

Automatic Data Processing Posts Strong Growth in Quarter

Automatic Data Processing (ADP) reported solid fiscal second-quarter results Wednesday morning. Revenue growth was 9%, and EPS of $0.78 were about $0.01 above our estimate, although the $0.01 of upside is mainly attributable to a lower-than-expected tax rate. The fastest-growing part of the company remained the PEO segment (up 14%, 18% of total revenue), but revenue growth also was slightly better than expected in the … Continue reading Automatic Data Processing Posts Strong Growth in Quarter