Mergers & Acquisitions

Riva Gold shareholders approve acquisition by Wildcat Silver

Riva Gold shareholders approve acquisition by Wildcat Silver PR Newswire VANCOUVER, May 3, 2013 VANCOUVER , May 3, 2013 /PRNewswire/ – Riva Gold Corporation (TSXV: RIV) (“Riva”) and Wildcat Silver Corporation (TSX: WS) (“Wildcat”) announce that the acquisition of Riva by Wildcat was approved at Riva’s annual general and special meeting of shareholders today. The acquisition of Riva by Wildcat was announced on March 4, 2013 and a definitive agreement was entered into and announced on April 4, 2013 providing for the acquisition by Wildcat of all the outstanding common shares of Riva in consideration for one common share of Wildcat for 4.7 common shares of Riva. The transaction will be completed by way of the amalgamation of Riva and a wholly-owned subsidiary of Wildcat under the Business Corporations Act ( British Columbia ). […]

Stock Analysts

Jamba’s 1Q Loss Wider than Expected (JMBA)

Jamba Inc. ( JMBA ) reported a loss of 2 cents per share in the first quarter of 2013; a penny wider than the Zacks Consensus Estimate but a cent lower than the year-ago quarter’s loss. Lower costs and higher top-line was primarily responsible for the bottom line improvement during the quarter […]

Stock Analysts

BBRY Targets Low-end Indian Market (BBRY) (GOOG) (NOK) (VOD)

Research In Motion Limited ( BBRY ) slashed its start-up BlackBerry service rates of INR899 ($16.8) for corporate users and INR399 ($7.45) for individuals. The rates were reduced to INR129 ($2.4) for both the users for a 1 GB monthly data plan. Research In Motion’s Indian telecom partner Aircel, Idea Cellular and Vodafone Group Plc .’s ( VOD ) Indian unit will offer the new subscription plan to its customers […]

Stock Analysts

TRW Beats but Earnings Fall (F) (GM) (TRW) (VLKAY)

TRW Automotive Holdings Corp. ( TRW ) posted earnings of $1.51 per share in the first quarter of 2013, topping the Zacks Consensus Estimate of $1.46. However, earnings fell 6.8% from $1.62 per share in the first quarter of 2012 due to lower operating income on the back of a higher mix of lower margin business and planned increases in costs to support future growth […]

Stock Analysts

LIFE Beats Earnings, Margins Low (HLS) (LIFE) (NUVA) (TMO)

Following the announcement of the proposed acquisition deal with Thermo Fisher ( TMO ), Life Technologies Corporation ( LIFE ) reported its first-quarter 2013 earnings per share (EPS) of 69 cents, down 4.25 year over year. However, after taking into account certain one-time items adjusted EPS came in at $1.07, up 8.1% from the year-ago quarter’s adjusted EPS and 2 cents ahead of the Zacks Consensus Estimate. Revenues were up 2.5% year over year (up 4.4% at constant exchange rates or CER) on a reported basis to $963 million, surpassing the Zacks Consensus Estimate of $961 million […]

Stock Analysts

Quanta Earnings Beat in 1Q (CBI) (FLR) (ORN) (PWR)

Quanta Services Inc. ( PWR ) released first-quarter 2013 results with GAAP earnings per share of 34 cents beating the Zacks Consensus Estimate of 29 cents by 17.2% as well as the prior-year earnings of 22 cents by 54.5%. Non-GAAP earnings in the reported quarter were 38 cents a share, up 31.0% from the Zacks Consensus Estimate of 29 cents a share. […]

Stock Analysts

Shire Beats Earnings in 1Q (IPXL) (ONXX) (SHPG) (UCBJF)

Shire’s ( SHPG ) first quarter 2013 earnings (excluding special items) of 1.63 as per American Depositary Share (ADS) beats the Zacks Consensus Estimate of $1.61. The reported quarter’s adjusted earnings also increased 10% from the year-ago period. Quarterly revenues decreased 1% to $1.16 billion, missing the Zacks Consensus Estimate of $1.21 billion […]

Stock Analysts

Valeant Beats Earnings, Misses Revs (MYL) (ONXX) (UCBJF) (VRX)

Valeant Pharmaceuticals’ ( VRX ) first quarter 2013 earnings of $1.27 (excluding special items but including stock-based compensation expense) were short of the Zacks Consensus Estimate by a penny but were up from the year-ago earnings of 1.08 per share. Revenues for the quarter were $1.07 billion, up 25% from the year-ago period. The year-over-year improvement in revenues was primarily attributable to higher product sales […]

Stock Analysts

Domtar Hikes Dividend Payout (GLT) (KS) (RFP) (UFS)

Domtar Corporation ( UFS ) recently raised its quarterly dividend on its common stock and on the exchangeable shares of Domtar (Canada) Paper Inc. (UFX.TO), a subsidiary of Domtar, by a stupendous 22.0% to 55 cents per share. The dividend will be paid on Jul 15, 2013 to shareholders of record as of June 14. […]

Stock Analysts

Tablet Market: Can Microsoft Speed Up? (AAPL) (AMZN) (DELL) (HPQ) (MSFT)

A new survey on tablets released by IDC this week shows that the tablets market continues to expand at a healthy rate. Easily exceeding numbers for the entire first half of 2012, tablet shipments for the first quarter of 2013 came in at 49.2 million units for the first quarter of 2013. The demand for devices with smaller screens shows no sign of letting up, which means that prospects for tablets remain bright […]