Manhattan Associates Post Solid Top Line Numbers
Manhattan Associates reported better than expected 3Q total revenue and EPS. License revenue was $1.7 million lighter than we expected, though the company made up the deficit on services. Investor sentiment was somewhat cautious heading into the print, resulting in the stock up marginally (1%- 3%) in after-hours trading. While MANH executed reasonably well, sluggish license revenue growth and valuation remain a stumbling block to … Continue reading Manhattan Associates Post Solid Top Line Numbers
Tyco Posts Positive Results Despite Macro Headwinds
Tyco reported strong fiscal second-quarter results in the face of continued weakness in global commercial construction. The security and fire firm increased year-overyear organic revenue by 2% in the quarter, a slight acceleration from 1% growth in the prior quarter. Increased project selectivity in North America commercial security curbed revenue from growing further, but the company should see better growth from higher-margin service revenue in … Continue reading Tyco Posts Positive Results Despite Macro Headwinds
Super Micro Posts Robust Earnings
SMCI reported F2Q non-GAAP EPS of $0.35 on $356M vs. Street $0.26 on $333M (and our $0.27 on $335M). Guide was $0.25-0.31 on $320-350M. In contrast to F1Q, Geo strength was led by Asia (23% or rev. vs. 18% q/q) with IDC a particularly strong vertical in that region. EMEA (24% vs. 23% q/q) and the US (51% vs. 57% of rev. q/ q) were … Continue reading Super Micro Posts Robust Earnings
Stock in Action: A Reaction to Google’s (NASDAQ GOOG) Mixed Earnings Result
Google was expected to send out a strong Q4 earnings report which should have been a big positive for the GOOG stock. However, Google came out with an earnings report which has been a major talking point in the stock market. The Google (NASDAQ GOOG) stock also responded unfavourably after the report came out, with the stock price going down by around 2%. This is … Continue reading Stock in Action: A Reaction to Google’s (NASDAQ GOOG) Mixed Earnings Result
Diodes Reports In-Line Quarterly Results
Following in the footsteps of comparable companies, Diodes reported in-line 3Q13 results but also provided below-consensus 4Q13 revenue guidance. Management’s 4Q13 revenue guidance of -5.5% quarter over quarter (midpoint) is an indication of weaker market conditions and not indicative of the company losing market share. We are sticking with our Buy rating as we believe the company can generate >$2.00 in non-GAAP EPS once all … Continue reading Diodes Reports In-Line Quarterly Results
BBVA’s Sees Increased Profits
In the first quarter, Spain’s Grupo BBVA reported profits of EUR 1,734 million, largely driven by gains of about EUR 823 million on disposals. Impairment losses fell 51% sequentially to EUR 1,376 million on the non-recurrence of special provisions in the trailing quarter, but the benefit of this was largely offset by a 7% sequential drop in net interest income, to EUR 3,623 million, as … Continue reading BBVA’s Sees Increased Profits