British American Tobacco Reports Continued Growth Behind Strength of Vype
As reported by StreetWise Tech, British American Tobacco’s Interim Management Statement for the nine months ended Sept. 30 shows that the group’s Global Drive Brands continue to perform well and that the firm’s newly launched eCig brand, Vype, is off to an encouraging start. We continue to believe that the firm’s wide economic moat is bolstered by its popular brands, global reach, and addictive product … Continue reading British American Tobacco Reports Continued Growth Behind Strength of Vype
China Unicom Reports Strong Revenue Growth Year over Year
China Unicom reported nine-month results that continue to show strong revenue growth, but at the expense of margins. We think this strategy makes sense while China Mobile remains tied to its 3G TD-SCDMA network. However, with 4G likely coming in the next few months, this strategy may not continue to work. For now, though, we are maintaining our fair value estimate and moat rating. Unicom’s … Continue reading China Unicom Reports Strong Revenue Growth Year over Year
Stericycle Profits Rise Despite Revenue Declines
Stericycle reported stronger profitability in the third quarter despite experiencing slower top-line growth both year over year and sequentially. Seventeen acquisitions contributed toward an increase in revenue by 11.3% to $535 million in the quarter; however, consolidated internal growth of 6.5% was on the low end of Stericycle’s typical target range. In particular, domestic small quantity (SQ) revenue grew organically by 8%, and large quantity … Continue reading Stericycle Profits Rise Despite Revenue Declines
Maxim`s Results Propelled by Samsung Galaxy S4 Launch
Maxim Integrated reported solid fiscal third-quarter earnings on Thursday. The firm’s fourth-quarter revenue outlook was modestly lower than our expectations, but still point toward healthy analog chip demand from Samsung, and a recovery from a recent industry downturn. Maxim’s analog chip sales were $605 million, at the high end of the firm’s forecasted range of $580 million-$610 million put forth in January. Sales were flat, … Continue reading Maxim`s Results Propelled by Samsung Galaxy S4 Launch
Dentsply Continues to Face Strong Headwinds in Europe
Although Dentsply’s revenue growth continues to fall slightly short our expectations, management’s ability to offset the medical device tax combined with the integration of Astra Tech kept total earnings growth near analyst’s forecasts. Excluding precious metals, Dentsply’s revenue increased 3.4%, or 2.7% on a constant currency basis, which is slightly below last year’s internal growth but on par with the second quarter. While sales growth … Continue reading Dentsply Continues to Face Strong Headwinds in Europe
Low Coal Prices Drive Huaneng Earnings in Quarter
Huaneng Power International reported 2013 third-quarter earnings of $1.52 per ADR compared with $0.92 per ADR in 2012’s third quarter. The reported results included an asset impairment charge and loss on disposal of noncurrent assets that reduced reported earnings by roughly $0.24 per ADR. Low market coal prices continue to drive strong earnings. We are reaffirming our narrow moat and stable moat trend ratings and … Continue reading Low Coal Prices Drive Huaneng Earnings in Quarter
