Dupont Meets Expectations but Chemicals Business Struggles
On Tuesday, DuPont reported third-quarter results that generally matched our expectations. DuPont experienced year-over-year operating earnings improvement in all of its segments except performance chemicals. We’re raising our fair value estimate to $57 per share from $55 to account for slight modifications to our forecast and the effect of the time value of money since our last update. We are maintaining our narrow moat rating … Continue reading Dupont Meets Expectations but Chemicals Business Struggles
Amphenol Delivers Strong Q2 Results
Amphenol delivered solid results that were within our range of expectations. Sales grew to $1.15 billion in the third quarter, a 5% increase year over year. Revenue rose across the board relative to the year-ago quarter through a combination of organic and inorganic growth. On the operating front, gross margins expanded by 40 basis points, to 31.6%, from the year-ago quarter, and operating margins came in … Continue reading Amphenol Delivers Strong Q2 Results
BB&T Profits Plummet 43% in Quarter
Third-quarter profits fell a steep 43% at BB&T, to $268 million, or $0.37 per share, from $469 million, or $0.66 per share, a year earlier. However, the decline was due to an unusual tax item, without which profits would have come to $503 million, or $0.70 per share. The 7% increase in adjusted profits was due to sharply lower provisioning for loan losses and a … Continue reading BB&T Profits Plummet 43% in Quarter
Plains All American Pipeline Announces Plans of Proposed Merger
On Tuesday, Plains All American Pipeline PAA announced the negotiated terms of its proposed merger with its natural gas storage subsidiary, PAA Natural Gas StoragePNG. PNG’s public unitholders are to receive 0.445 common unit of PAA, higher than the proposal of 0.435 common unit announced in August. The amount is equivalent to about $23.27 per PNG unit, or 2.3% higher than before. The increase probably resulted from … Continue reading Plains All American Pipeline Announces Plans of Proposed Merger
Dropbox offers a new feature for business users
Dropbox was one of the earliest cloud-storage service providers. It gives its users a fairly safe supply, but its new feature makes it an outstanding tool in business communication as well.Read More >> Continue reading Dropbox offers a new feature for business users
Snapchat got an offer of a great sum from Facebook
Facebook offered 3 billion dollars for Snapchat, the provider of ephemeral message service. It can be a try from Facebook to get back its leading position, which is risked by Instagram and other providers.Read More >> Continue reading Snapchat got an offer of a great sum from Facebook