Month: May 2013

Stock Analysts

Atmel’s Adjusted Earnings Beat (ANAD) (ATML) (IDTI) (SMI)

May 2, 2013 0

Atmel Corporation ( ATML ), a leading semiconductor manufacturer, reported a net loss of $47.7 million or 11 cents per share in first quarter 2013 compared to a net income of $20.4 million or 5 cents per share in the year-earlier quarter. The year-over-year decrease in earnings was primarily due to charges incurred primarily for restructuring activities and other legal-related settlement charges. Excluding one-time items, non-GAAP net income for the first quarter of 2013 was $13.6 million or 3 cents per share compared with non-GAAP net income of $35.3 million or 8 cents per share in the year-ago quarter. […]

Mergers & Acquisitions

Morningstar Acquires Remaining Ownership Interest in Morningstar Sweden

May 2, 2013 0

Morningstar Acquires Remaining Ownership Interest in Morningstar Sweden PR Newswire CHICAGO and STOCKHOLM, May 2, 2013 CHICAGO and STOCKHOLM , May 2, 2013 /PRNewswire/ — Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has acquired its remaining ownership interest in Morningstar Sweden AB from Stadsporten Citygate AB and two private investors. […]

Stock Analysts

Loss Widens at Momenta (MNTA) (SNY) (TEVA) (UCBJF)

May 2, 2013 0

Momenta Pharmaceuticals Inc. ( MNTA ) reported first quarter 2013 net loss per share of 48 cents, wider than the Zacks Consensus Estimate of a loss of 43 cents and the year-ago loss of 10 cents. First quarter revenues of $7.6 million were down 218.4% year over year. […]

Stock Analysts

Watts Water Misses Earnings Estimate (BMI) (NANO) (ROP) (WTS)

May 2, 2013 0

Watts Water Technologies, Inc. ( WTS ) reported first-quarter 2013 adjusted earnings of 49 cents per share, up 14% year over year, driven by higher sales in North America and Asia, cost reductions in North America and EMEA as well as share repurchases. Earnings, however, fell short of the Zacks Consensus Estimate of 57 cents by 14%. […]

Stock Analysts

Narrower-Than-Expected Loss at Shutterfly; Ups Rev View (ANGI) (GA) (SFLY) (Z)

May 2, 2013 0

The leading manufacturer and digital retailer of personalized products and services, Shutterfly Inc. ( SFLY ) posted first-quarter 2013 loss of 33 cents per share, narrower than the Zacks Consensus Estimate of 41 cents loss per share but wider than the year-ago loss of 29 cents a share. However, the company’s loss per share bettered the management guidance of a loss of 42 cents – 39 cents per share. […]

Stock Analysts

Colt Resources reports fourth quarter and year-end results

May 2, 2013 0

By Steven Ralston, CFA This week, Colt Resources (TSXV:GTP.V) reported financial results for the fourth quarter and year ending December 31, 2012. For the quarter, the company reported a loss for the quarter of $2,751,021 ($0.02 per diluted share) versus a loss of $2,862,860 ($0.03) in the comparable-quarter last year. […]

Stock Analysts

Actavis Beats on Earnings, Raises View (ABBV) (ACT) (CPRX) (UCBJF)

May 2, 2013 0

Actavis, Inc.’s ( ACT ) first quarter 2013 earnings of $1.99 per share beat the Zacks Consensus Estimate of $1.87 and increased 21% from the year-ago earnings. Revenues for the reported quarter came in at approximately $1,895.5 million, up 24% from the year-ago figure, but below the Zacks Consensus Estimate of $1,995 million. Quarterly Details Actavis operates through three segments: Actavis Pharma, Actavis Specialty Brands and Anda Distribution. […]

Stock Analysts

Triumph Group Beats Earnings (BEAV) (ESLT) (TGI) (UTX)

May 2, 2013 0

Triumph Group Inc. ( TGI ) reported fourth quarter of fiscal 2013 results that ended Mar 31, 2013. Adjusted earnings from continuing operations of $1.68 per share surpassed the Zacks Consensus Estimate of $1.59 by 5.7% and also increased 7.0% from the year-earlier adjusted profit of $1.57. […]

Economic Data

The Bernanke Rally Continues – Ahead of Wall Street (CAH) (GM) (K)

May 2, 2013 0

Thursday, May 2, 2013 The stock market today will likely see a partial reversal of Wednesday’s sell-off, with the interest rate cut by the European Central Bank (ECB) as a key contributor to the swing. But even more significant than the long-expected ECB decision is the persistent market behavior where investors view every sell-off as a buying opportunity. This morning’s line-up of economic data – Jobless Claims, Trade Deficit, and Productivity – is in the positive to neutral category. […]

Economic Data

May 2: ECB Rate Cut May Provide Impetus – Economic Highlights

May 2, 2013 0

The stock market today will likely see a partial reversal of Wednesday’s sell-off, with the interest rate cut by the European Central Bank (ECB) as a key contributor to the swing. But even more significant than the long-expected ECB decision is the persistent market behavior where investors view every sell-off as a buying opportunity. This morning’s line-up of economic data – Jobless Claims, Trade Deficit, and Productivity – is in the positive to neutral category. […]

Mergers & Acquisitions

Lithium Exploration Group Executes LOI to Purchase Golden Spike Energy

May 2, 2013 0

Lithium Exploration Group Executes LOI to Purchase Golden Spike Energy PR Newswire SCOTTSDALE, Ariz, May 2, 2013 SCOTTSDALE, Ariz , May 2, 2013 /PRNewswire/ — Lithium Exploration Group (OTCQB: LEXG.OB) announced today that on April 30, 2013 , it executed an LOI to acquire Canadian oil and gas producer, Golden Spike Energy. CEO Alex Walsh met with management of Golden Spike in Calgary earlier in the week to finalize the preliminary due diligence and execute the LOI. Upon completion of the transaction, LEXG will own the oil and gas producer and operator as a wholly owned subsidiary. […]

Mergers & Acquisitions

Hondo Minerals Corporation Enters into a Binding Letter of Intent with Crowncorp Investments to Acquire the Company for a Purchase Price of $88 Million Dollars

May 2, 2013 0

Hondo Minerals Corporation Enters into a Binding Letter of Intent with Crowncorp Investments to Acquire the Company for a Purchase Price of $88 Million Dollars PR Newswire CHLORIDE, AZ, May 2, 2013 CHLORIDE, AZ , May 2, 2013 /PRNewswire/ – Hondo Minerals Corporation (OTCBB: HMNC.OB) (“Hondo,” “Hondo Minerals” or the “Company”) today announces that the Company has entered into a binding Letter of Intent with Crowncorp Investments Corporation, a Texas corporation (“Crowncorp”), for the sale of 100% of the Company’s assets and issued and outstanding stock for a purchase price of $88 million , which includes $13 million in working capital to be retained in the Company post-closing (the “Acquisition”). Bill Miertschin , CEO of Hondo Minerals says, “We have been working closely with Crowncorp and its associates and advisors for several months to arrive at an acceptable structure with which to facilitate this transaction. Of the total $88 million to be provided by Crowncorp, it is anticipated that the Company’s shareholders will receive $75 million less the retirement of current debts and Hondo’s transactional expenses. […]

Mergers & Acquisitions

Move, Inc. Acquires Doorsteps to Expand Portfolio of Real Estate Tools

May 2, 2013 0

Move, Inc. Acquires Doorsteps to Expand Portfolio of Real Estate Tools The online tool that enhances relationships between buyers, agents, lenders and service providers complements Move’s existing offerings in buying, selling, renting, lending, and moving PR Newswire SAN JOSE, Calif., May 2, 2013 SAN JOSE, Calif. , May 2, 2013 /PRNewswire/ — Move, Inc […]