Sonoco Results Driven by Higher Pricing and Demand
Sonoco Products announced solid third-quarter results on Thursday, driven primarily by higher overall pricing and improving demand in the Paper & Industrial Converted Products and Display Packaging segments. Management increased its full-year free cash flow (excluding dividend payments of about $129 million) target to $190 million from $150 million and tightened full-year guidance to $2.27-$2.32 per share from $2.26-$2.32 per share; we expect to leave … Continue reading Sonoco Results Driven by Higher Pricing and Demand
Silgan Posts Dismal Quarter; Lowers Full Year Guidance
After reviewing Silgan’s disappointing third-quarter results, we are maintaining our $42 per share fair value estimate as well as our narrow economic moat rating. We are, however, reducing our full-year EPS estimate to $2.78 after management lowered guidance to $2.75-$2.85 from $3.00-$3.15. Our longer-term thesis on Silgan is that, while the company currently possesses a meaningful low-cost manufacturing advantage in its metal food can segment, … Continue reading Silgan Posts Dismal Quarter; Lowers Full Year Guidance
Total System Services Sees Profits Soar in Q3
Total System Services, or TSYS, delivered a 38% year-on-year increase in adjusted third-quarter profits, reflecting the completion of a recent acquisition. On a GAAP basis, earnings rose 7% to $64.4 million, or $0.34 per share, from $60.3 million, or $0.32 per share, in the year-earlier quarter. Excluding acquisition-related intangible amortization, stock compensation and merger expenses, TSYS earned $92.8 million, up from $67.2 million a year … Continue reading Total System Services Sees Profits Soar in Q3
Get Rady for Apple's black Friday!
Apple opens a large sale on Friday, 12:00 PM. Many of the best products of the cmputer giant will be offered on a largely reduced price. What we shall put on our shopping list?Read More >> Continue reading Get Rady for Apple's black Friday!
Whish to have a .guru domain?
Net names such as .bike or .guru are available from now. These so-called gTLDs are available for quite a few ones only, for those who have registered trademarks. Approximatley 1400 of them were relased recently.Read More >> Continue reading Whish to have a .guru domain?
Senior executives of BlackBerry are removed
John S. Chen, chief executive of BlackBerry removed a great many of chief executives from their position. BlackBerry has been in a crisis since a long time. Perhaps, the company reached the point from where there is no way back.Read More >> Continue reading Senior executives of BlackBerry are removed