SS&C Technologies Report Healthy Fourth-Quarter Results
SS&C reported healthy fourth-quarter results that were roughly in line with expectations on the top line but above expectations on the bottom line. The company delivered revenue of $182.5 million (growth of 6.3% year-over-year), slightly below consensus at $182.6 million, and non-GAAP EPS of $0.53, which was a penny ahead of the Street ($0.52). The software-enabled services and software license segments continue to benefit from … Continue reading SS&C Technologies Report Healthy Fourth-Quarter Results
Forward Air Corp Fourth-Quarter Results Fall Short Mainly Due to Weather
Forward Air fourth-quarter EPS declined 7%, to $0.50, which fell well short of our $0.55 estimate and the $0.56 consensus. The miss was mainly due to increased costs associated with difficult weather while revenue growth remained healthy (up 16%, to $181 million) and volume growth was strong (airport-to-airport volume up 6%). We believe the weather challenges this winter have been unprecedented, and we were not … Continue reading Forward Air Corp Fourth-Quarter Results Fall Short Mainly Due to Weather
Blount Conference Call Clarifies a Few Issues; 2014 Now Looks Like a Transition Year
On Monday, February 10, Blount issued a broad press release lowering its 2013 guidance and offering 2014 guidance that was below the Street expectations. Management held a conference call Tuesday afternoon to explain the results and outlook. Other corporate information was offered as well, including new 2018 targets and an update on the company’s long-term supply agreement with Husqvarna (extended from 2015 to 2017). Blount … Continue reading Blount Conference Call Clarifies a Few Issues; 2014 Now Looks Like a Transition Year
Broadsoft Expected to Report Strong Quarter; Sprint Bringing Credibility in Mobile
For fourth quarter 2013, BroadSoft should meet or beat consensus estimates. We expect a large chunk of deferred revenue to come off the balance sheet and billings to show significant improvement sequentially in virtually all areas license, subscription, and maintenance on easy comparisons with the exception of professional services, which rebounded sharply in the third quarter. With respect to the outlook, the swing factor in … Continue reading Broadsoft Expected to Report Strong Quarter; Sprint Bringing Credibility in Mobile
Talisman Energy Moving in Right Direction After Q4 Results
Trip Advisor (TLM) reported Q413 CFPS of $0.56, ~3% lower than our estimate of $0.58 but in line with consensus of $0.56 based on a company survey of analysts. Quarterly production of 387 mboe/d was slightly lower than our estimate of 393 mboe/d and consensus of 389 mboe/d. Operating EPS of ($0.11) was lower than our estimate of ($0.03) and consensus of $0.01, and included … Continue reading Talisman Energy Moving in Right Direction After Q4 Results
ING Beats Street Estimates Across the Board
This morning, ING Inc (VOYA) reported operating EPS from the ongoing business of $0.75, better than our $0.71 estimate and the consensus of $0.69. After stripping out DAC unlocks and better NII from some Lehman recoveries, we believe the company defines core of $0.68, in line with our expectation for core earnings for the quarter. The core beat vs. our expectations was driven by better … Continue reading ING Beats Street Estimates Across the Board
