Category: Tech IPO

Software, Tech IPO

Stryker Posts Solid Results as Recon Market Strengthens

SYK beat consensus revenue and EPS as it benefited from an improving orthopedic implant market and stronger MedSurg growth. SYK’s gross margin was weaker than we had expected though it was able to offset this with SG&A leverage. SYK is now excluding amortization from its adjusted EPS. While we now have estimates both including and excluding amortization in our model, we have (reluctantly) changed our … Continue reading Stryker Posts Solid Results as Recon Market Strengthens

John Meady
Diversified Tech, Finance, Semiconductors, Tech IPO

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

Mark DoerrLeave a comment
Analysis, BioTech, Commodities, Consumer Goods, Diversified Tech, Finance, Financial, Mergers & Acquisitions, Semiconductors, Services Sector, Software, Tech IPO, Venture Capital

STERV Sees Loss in Paper and Writing Segment

In the second quarter, Finnish forest products company Stora Enso had a surprising loss in its Paper and Writing segment. Even though the secular headwinds for publishing paper in Europe are well known, Stora had previously been able to turn a consistent profit in the business in recent years. Management says it is stepping up its cost-cutting efforts in response to the loss, but many … Continue reading STERV Sees Loss in Paper and Writing Segment

Mark DeFranceLeave a comment
Analysis, BioTech, Commodities, Consumer Goods, Diversified Tech, Finance, Financial, Mergers & Acquisitions, Semiconductors, Services Sector, Software, Tech IPO, Venture Capital

CF Industries Continues to Boast Solid Earnings in Q2

CF Industries reported second-quarter results that were generally in line with analysts’ expectations. Nitrogen volumes were up 2.2% year over year as the nitrogen application season in North America finished at a rapid pace following delays to planting caused by wet weather in the Corn Belt. Last season, warm weather in the spring pulled planting forward. For the first six months of 2013, nitrogen volumes … Continue reading CF Industries Continues to Boast Solid Earnings in Q2

John BellichLeave a comment
Analysis, BioTech, Commodities, Consumer Goods, Diversified Tech, Finance, Financial, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, Tech IPO, Venture Capital

Parker Hannifin Falls Short of Expectations in Fourth Quarter

Parker Hannifin delivered fourth-quarter earnings of $1.78 per diluted share, resulting in full-year earnings of $6.26 per share. Both metrics were below our expectations as sluggish global demand in Parker’s end markets continues to stunt revenue growth. Additionally, the company has struggled to keep margins flat, which amplifies the impact on earnings. For 2014, the firm will spend roughly $100 million on restructuring, which should … Continue reading Parker Hannifin Falls Short of Expectations in Fourth Quarter

John MeadyLeave a comment
Analysis, BioTech, Commodities, Consumer Goods, Diversified Tech, Finance, Financial, Mergers & Acquisitions, Semiconductors, Services Sector, Software, Tech IPO, Venture Capital

Tourmaline Posts Impressive Quarter Despite Challenges

Tourmaline Oil reported second-quarter results after the market closed on Friday. Despite weatherrelated setbacks, the company still increased production, and has now set the stage to deliver phenomenal growth in the second half of the year. Results for the quarter lined up with expectations. Production averaged 70.1 thousand barrels of oil equivalent per day versus our forecast of 70.9 mboe/d. Earnings per share was spot-on … Continue reading Tourmaline Posts Impressive Quarter Despite Challenges

John MeadyLeave a comment