Company Overview and News
Good day ladies and gentlemen and welcome. Thank you for standing by and welcome to Stoneridge, Second Quarter 2018 Conference Call. At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this conference call maybe recorded.
AMETEK, Inc. (AME - Free Report) reported second-quarter 2018 adjusted earnings of 83 cents per share, beating the Zacks Consensus Estimate by 5 cents and also surpassed management’s guided range of 76-78 cents per share. Further, the figure increased 28% from the year-ago quarter and 6.4% sequentially. Net sales increased 14.1% on a year-over-year basis and 3.4% sequentially to $1.21 billion, driven by robust organic growth and strong contribution from acquisitions.
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Yandex N.V. (YNDX - Free Report) reported second-quarter 2018 adjusted earnings of 24 cents (RUB 101.25) per share missing the Zacks Consensus Estimate by couple of cents. However, the figure surged 20% on a year-over-year basis and 14.3% sequentially. Revenues came in $472.8 million (RUB 29.7 billion), lagging the Zacks Consensus Estimate of $476 million. The figure exhibited year-over-year growth of 26.
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As we explore global retirement trends through our quarterly Defined Contribution in Review, a notable difference between regions includes the greenish tinge to global plans, with a number of factors bolstering the Environmental, Social and Governance (ESG) standards outside of the U.S.
Square, Inc. (SQ - Free Report) is slated to report second-quarter 2018 results on Aug 1. The company’s comprehensive commerce ecosystem will continue to bolster its presence in the digital payment space globally. Notably, this ecosystem allows the sellers to combine software, hardware and payments services in order to accept payment from the customers through the company’s wide range of online payment products Moreover, Square’s focus on expansion of financial services offering is anticipated to be a significant growth driver backed by increasing demand for payments processing and mobile-commerce services among small businesses worldwide.
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Cypress Semiconductor Corporation (CY - Free Report) delivered second-quarter 2018 non-GAAP earnings of 33 cents beating the Zacks Consensus Estimate by 4 cents. The figure surged 57.1% on a year-over-year basis and 22.3% sequentially. Revenues came in $624.1 million, surpassing the Zacks Consensus Estimate of $620 million. The figure also exhibited year-over-year growth of 5.1% and quarter-over-quarter improvement of 7.
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Fortive Corporation (FTV - Free Report) delivered second-quarter 2018 earnings of 91 cents per share, surpassing the Zacks Consensus Estimate by two cents. The figure increased 28.2% from the year-ago quarter and 16.7% on a sequential basis. The figure also came ahead of management’s guidance of 86-90 cents. Revenues surged 6.9% sequentially and 14.1% year over year to $1.86 billion. The figure also fared better than the Zacks Consensus Estimate of $1.
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Expedia Group, Inc. (EXPE - Free Report) delivered robust second-quarter 2018 adjusted earnings of $1.38 per share, surpassing the Zacks Consensus Estimate of 91 cents. The figure also compared favorably with the loss of 46 cents incurred in the previous quarter and increased a whopping 55.1% on a year-over-year basis. Revenues increased 14.7% sequentially and 11.2% on a year-over-year basis to $2.
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TE Connectivity Ltd. (TEL - Free Report) delivered third-quarter fiscal 2018 adjusted earnings of $1.43 per share, beating the Zacks Consensus Estimate by 6 cents. Notably, this marked the company’s 11th consecutive earnings beat. The figure also grew 15.3% year over year and steered past the projected range of $1.35-$1.37. Continued solid execution of the company’s strategic plans resulted in impressive earnings.
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Investors interested in Electronics - Miscellaneous Components stocks are likely familiar with Stoneridge (SRI - Free Report) and Littelfuse (LFUS - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
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Have you been paying attention to shares of Stoneridge (SRI - Free Report) ? Shares have been on the move with the stock up 18% over the past month. SRI hit a new 52-week high of $37.20 in the previous session. Stoneridge has gained 60.9% since the start of the year compared to the 5.7% move for the Computer and Technology sector and the -5.6% year-to-date return for its peer group.
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2018-08-13 - Asif
Core Business At Ballard, Ballard Power Systems is building a clean energy growth company. Ballard Power Systems is recognized as a world leader in proton exchange membrane (“PEM”) fuel cell power system development and commercialization. The company's principal business is the design, development, manufacture, sale and service of PEM fuel cell products for a variety of applications, focusing on its power product markets of Heavy-Duty Motive (consisting of bus, truck, rail and marine applications), Portable Power, Material Handling and Backup Power, as well as the delivery of Technology Solutions, including engineering services, technology transfer, and the license and sale of its extensive intellectual property portfolio and fundamental knowledge for a variety of fuel cell applications. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. The hydrogen fuel can be obtained from natural g...
2018-08-13 - Asif
Overview Marathon Patent Group was incorporated in the State of Nevada on February 23, 2010 under the name Verve Ventures, Inc. On December 7, 2011, the company changed its name to American Strategic Minerals Corporation and were engaged in exploration and potential development of uranium and vanadium minerals business. In June 2012, the company discontinued its minerals business and began to invest in real estate properties in Southern California. In October 2012, the company discontinued its real estate business when its former CEO joined the firm and the company commenced its IP licensing operations, at which time the Company’s name was changed to Marathon Patent Group, Inc. On November 1, 2017, the company entered into a merger agreement with Global Bit Ventures, Inc. (“GBV”), which is focused on mining digital assets. Marathon Patent Group has since purchased its cryptocurrency mining machines and established a data center in Canada to mine digital assets. Following the me...
2018-08-13 - Asif
Business and Organization Endocyte, Inc. is a biopharmaceutical company and leader in developing targeted therapies for the treatment of cancer. The Company uses drug conjugation technology to create novel therapeutics and companion imaging agents for personalized targeted therapies. The agents actively target receptors that are over-expressed on diseased cells relative to healthy cells, such as prostate specific membrane antigen (“PSMA”) in prostate cancer. This targeted approach is designed to safely enable the delivery of highly potent drug payloads. The companion imaging agents are designed to identify patients whose disease over-expresses the target of the therapy and who are therefore more likely to benefit from treatment. In September 2017, the Company entered into a Development and License Agreement (the “License Agreement”) with ABX advanced biochemical compounds – Biomedizinische Forschungsreagenzien GmbH (“ABX”), pursuant to which the Company acquired exclusive ...
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