Category: Venture Capital

BioTech, Diversified Tech, Finance, Tech IPO, Venture Capital

Echo Logistics Posts 21% Growth in 1Q

In the first quarter, Echo posted 21% revenue growth (9% organic). The increase includes a boost from the October 2013 Sharp Freight acquisition, and partly reflects a 13% rise in shipment volume (less-than-truckload, or LTL, and truckload volume expanded 11% and 18%, respectively). We note that shipment activity slowed relative to the 20% year-over-year gains posted in fourth quarter 2012. Rates to customers on LTL … Continue reading Echo Logistics Posts 21% Growth in 1Q

Jason KnoxLeave a comment
BioTech, Services Sector, Venture Capital

St. Jude Announces Consistent Q3 Results

St. Jude Medical released third-quarter performance that was generally consistent with our expectations, and we have not altered our projections for the full year.  However, we plan to modestly raise our fair value estimate to reflect the reduced share count and cash flow realized since our last update. While St. Jude continues to wrestle with a lackluster implantable cardioverter defibrillator market, we still think the … Continue reading St. Jude Announces Consistent Q3 Results

Ryan HoltzLeave a comment
Diversified Tech, Tech IPO, Venture Capital

Skyworks Reports 2Q Earnings, Expects Solid 2H Growth

Skyworks Solutions reported healthy fiscal second quarter earnings. Although the company gave investors a third-quarter outlook that was modestly below our expectations, it hinted at nice growth in the second half of calendar 2013. Skyworks’ revenue was $425 million in the March quarter, slightly above the outlook of $420 million as discussed by management in January. Sales were down 6% sequentially because of seasonal weakness … Continue reading Skyworks Reports 2Q Earnings, Expects Solid 2H Growth

Kristen BartonLeave 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
Analysis, BioTech, Diversified Tech, Finance, Global Equity, Mergers & Acquisitions, Semiconductors, Services Sector, Software, Tech IPO, Venture Capital

Nokia Earnings Show Some Bright Spots

Nokia’s second-quarter earnings report had a couple of bright spots but was mostly concerning as the firm’s mobile phone business continues to languish.  The favorable view of Nokia’s pending acquisition of the remainder of its Nokia Siemens Networks (NSN) joint venture is mostly offset by a rapidly deteriorating basic phone market and only modest Windows Lumia phone adoption to date. Nokia sold 7.4 million Lumia … Continue reading Nokia Earnings Show Some Bright Spots

John BellichLeave a comment
Analysis, BioTech, Diversified Tech, Finance, Mergers & Acquisitions, Semiconductors, Services Sector, Software, Tech IPO, Venture Capital

MAT Adapting to Consumers

Mattel MAT continues to adapt to children’s demands, innovating new products tailored to changing tastes. With a number of new franchises coming on line in 2013 (including Ever After High and Max Steel), the company will maintain the wide brand recognition it has captured over numerous decades, keeping its narrow rating intact. While second-quarter results fell short of expectations,  the rest of the year will … Continue reading MAT Adapting to Consumers

Adam KeintzelLeave a comment