Finance

Kirby’s Coastal Operations Continue to Improve in the First Quarter

Kirby’s Coastal Operations Continue to Improve in the First Quarter

Kirby’s KEX first-quarter revenue fell 1% from last year. The decline was driven by anemic demand for United’s pressure pumping units, tempered by solid inland trends and improvement in coastal operations. The marine transportation business (75% of first-quarter sales) saw revenue increase 25%, thanks to persistent petrochemical and crude oil shipment demand, which is supporting 90%- plus inland-fleet utilization andRead More

Mineral Resources Posts Impressive Full Year Results

Mineral Resources Posts Impressive Full Year Results

Diversified Tech, Finance, Semiconductors, Tech IPO 01/07/2013 at 1:01 am

Mineral Resources’ AUD 180 million fiscal 2013 net profit comfortably exceeded analyst’s AUD 141 million forecast. Despite a 26% fall in headline profit, versus fiscal 2012, underlying profit increased 11% and marks an impressive seventh consecutive year of profit growth since the company listed in 2006. However, we maintain our thesis that inadequate operational and financial disclosure creates high uncertaintyRead More

ARM Holdings in Line to Meet Full Year Guidance After Solid Q3

ARM Holdings in Line to Meet Full Year Guidance After Solid Q3

Diversified Tech, Featured, Finance, Services Sector 01/06/2013 at 12:21 am

ARM Holdings reported strong third-quarter earnings and gave investors a solid, but not spectacular, fourth-quarter outlook that was relatively in line with our expectations. We will maintain our moat rating for ARM but may raise our fair value estimate by about 10%. Nonetheless, we still believe the company’s stock price reflects overly optimistic assumptions about long-term royalty growth, particularly fromRead More

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