QCR Holdings Sees Boost in Loan Sales
QCR Holdings reported net income of $2.4 million, or $0.49 per share, after preferred stock dividends of $811 thousand in the first quarter of 204 compared with net profit of $2.3 million, or $0.48 per share, after preferred dividends of $939 thousand in the first quarter of 2013. Despite the net interest margin decline during the quarter, QCRH’s asset quality continued to improve. However, the … Continue reading QCR Holdings Sees Boost in Loan Sales
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
Realty Income Posts Rapid Increase in Acquisition Numbers
Realty Income announced $503 million of acquisitions for its third quarter as well as the issuance of as many as 7.475 million shares of its common stock to help fund the deals. This acquisition activity brings Realty Income to a total of $4.57 billion of new property investments so far in 2013, its most acquisitive year ever. Of that $4.57 billion total, $3.2 billion was spent … Continue reading Realty Income Posts Rapid Increase in Acquisition Numbers
MeadWestvaco Joint Ventures Highlight Q3 Earnings Report
After reviewing MeadWestvaco’s third-quarter results and the pending land sale with Plum Creek Timber, analysts do not expect to materially change the fair value estimate of $34 per share. Starting with third-quarter results, solid performance from MWV’s Industrial and Specialty Chemicals divisions again offset persistent weakness in the Food and Beverage and the Home, Health, and Beauty segments–a trend we expect to continue going into … Continue reading MeadWestvaco Joint Ventures Highlight Q3 Earnings Report
Pengrowth Energy Struggles in the Second Quarter
Pengrowth Energy reported earnings after the market close Wednesday. Earnings and cash flow fell, and uncertainty over the sustainability of the dividend persisted. The firm is once again in the position of requiring additional divestitures or making a dividend cut within the upcoming year. The problem for Pengrowth is that the continued payment of the dividend, combined with net losses, is eating into its book … Continue reading Pengrowth Energy Struggles in the Second Quarter
Forward Air Posts Strong Revenue in Q3
Forward Air’s third-quarter consolidated revenue increased 18.5%. Excluding the addition of its new temperature-controlled operation, TQI, which was acquired in March, revenue was up 10%. The core airport-to-airport business grew 4% from last year, driven by solid 5.5% tonnage growth, partly offset by a 1% fall in total yield. Forward Air Solutions (the pooled distribution business) posted solid 55% sales growth, reflecting previously announced new … Continue reading Forward Air Posts Strong Revenue in Q3