Astec Industries, Inc. (NASDAQ:ASTE) Has Strong Domestic Backlog Exiting 2013
Astec Industries (NASDAQ:ASTE) delivered a surprisingly solid quarter, after having missed the last six out of seven quarters. Shares were range-bound in the $30s through all of 2013 because of choppy quarters and end-markets. While we believe that uncertainty persists, particularly in mining and government highway funding, wood pellet plants could become an incremental driver of profitability to the base business. The company’s earnings beat … Continue reading Astec Industries, Inc. (NASDAQ:ASTE) Has Strong Domestic Backlog Exiting 2013
Earnings Watch: HII, WEN, RBS, IRM, KBR, NRG
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 million. Sales in the quarter meanwhile rose 6.2% to $1.94 … Continue reading Earnings Watch: HII, WEN, RBS, IRM, KBR, NRG
Stocks on the Move: Cardica (NASDAQ:CRDC), Salix Pharmaceutical (NASDAQ:SLXP), Chico’s FAS (NYSE:CHS), Dynegy (NYSE:DYN)
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 510(k) clearance for the MicroCutter XCHANGE 30 white cartridge is … Continue reading Stocks on the Move: Cardica (NASDAQ:CRDC), Salix Pharmaceutical (NASDAQ:SLXP), Chico’s FAS (NYSE:CHS), Dynegy (NYSE:DYN)
Target Stores Fourth Quarter Insider Analysis
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 also pointed to traction on the US side while earnings … Continue reading Target Stores Fourth Quarter Insider Analysis
Tower Semiconductor (NASDAQ:TSEM) Tops Street Forecasts; NYSE:TSL, NYSE:DE, NYSE:KSS
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. For Q1 2014, the company estimates revenues to be between … Continue reading Tower Semiconductor (NASDAQ:TSEM) Tops Street Forecasts; NYSE:TSL, NYSE:DE, NYSE:KSS
Morning Earnings Roundup: Delek, Assured Guaranty, American States
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 totaled $1.9 billion, down from $2.2 billion last year, missing … Continue reading Morning Earnings Roundup: Delek, Assured Guaranty, American States