St. Jude Announces Consistent Q3 Results
St. Jude Medical released third-quarter performance that was generally consistent with our expectations, and we have not altered our projections for the full year. However, we plan to modestly raise our fair value estimate to reflect the reduced share count and cash flow realized since our last update. While St. Jude continues to wrestle with a lackluster implantable cardioverter defibrillator market, we still think the … Continue reading St. Jude Announces Consistent Q3 Results
Verisign Posts Solid Start in Fiscal Q1
VeriSign announced a solid start to the financial year, and its full-year guidance remains primarily unchanged. The company added 1.99 million net new names for the quarter and now provides registry services for 123.1 million active domains across the .com and .net zones – a 5.5% increase year-over year. With such a large domain base, VeriSign continues to be the prominent global gTLD provider. We … Continue reading Verisign Posts Solid Start in Fiscal Q1
Wipro’s Momentum Continues into Third Quarter
Wipro reported solid fiscal second-quarter earnings that, despite a continued soft spending environment, were in line with our expectations. IT Services delivered another good quarter, as the company was able to book a number of key contract wins. Management provided optimistic guidance for the upcoming quarter, and we will update our financial model based on these developments but do not anticipate a change to our … Continue reading Wipro’s Momentum Continues into Third Quarter
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