Huntington Ingalls Industries (NYSE:HII) reported Q4 earnings that were well ahead of analysts’ estimates. The ship- and submarine builder said its adjusted diluted earnings rose nearly 28% to $1.66, exceeding the $1.22 average estimate from analysts polled by Capital IQ, if comparable. On a non-adjusted basis, diluted net earnings rose to $91 million from $50…
Shares of Cardica (NASDAQ:CRDC) climbed in Thursday’s pre-market session, after the developer of endoscopic microcutter products said it received 510(k) clearance from the U.S. Food and Drug Administration for its MicroCutter XCHANGE 30 white cartridge and for an additional plastic material contained within the MicroCutter XCHANGE 30 blue cartridge for use in medium-thickness tissue. The…
Shares of Target Stores (NYSE:TGT) closed up 7% on Wednesday after the discount retailer reported Q4 2013 adjusted EPS of $0.90, above its prior outlook and the street’s forecasts. Given bearish sentiment on the name, investors were likely relieved the company did not miss, even though earnings were up against a lower bar. The bulls…
Specialty foundry company Tower Semiconductor Ltd. (NASDAQ:TSEM) reports non-GAAP diluted EPS of $0.34 for Q4 2013, up sequentially from $0.22 in Q3 2013. Two analysts surveyed by Capital IQ called for non-GAAP diluted EPS of $0.29. Revenue was down 2% from Q3 2013 to $134.6 million, falling short of the $140 million Capital IQ consensus….
Energy company Delek US Holdings, Inc. (NYSE:DK) reported Wednesday night Q4 2013 net loss of $4.7 million, or $0.08 per share, compared to a net income of $64.3 million, or $1.06 per share, a year earlier. Adjusted earnings were not provided, which would have been comparable to the Capital IQ consensus of $0.11. Net sales…
Salesforce.com (NYSE:CRM) is set to report its Q4 results in tonight’s after-hours. Analysts polled by Capital IQ expect earnings of $0.06 per share on revenue of $1.12 billion. CRM favors a reversal trend between the bells following its after-hours earnings reports, narrowing or reversing 19 times and widening 18 times in next-day trade following its…
Tech Analysis & Market News