Earnings Releases, Company Updates, and Sustainable Development Activities - Analyst Notes on FMC, Rockwood, PTNNT, BHP Billiton and Nike
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NEW YORK, May 12, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding FMC Corporation (NYSE: FMC), Rockwood Holdings, Inc. (NYSE: ROC), PT Newmont Nusa Tenggara (NYSE: NEM), BHP Billiton Ltd. (NYSE: BHP) and Nike Inc. (NYSE: NKE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2311-100free.
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FMC Corporation Analyst Notes
On May 6, 2014, FMC Corporation (FMC) released financial results for Q1 2014. The Company reported revenues of $941.8 million, up 3.4% YoY, as compared to the analysts' estimates of $927.24 million. FMC registered net income of $65.6 million, or $0.49 per diluted share, as compared to $130.9 million, or $0.94 in Q1 2013. Q1 2014 results included charges of $61.3 million after tax, or $0.46 per diluted share, compared to charges of $18.1 million after tax, or $0.14 per diluted share, during Q1 2013. Excluding special items, adjusted earnings were $0.95 per diluted share in Q1 2014, matching analysts' estimates of Thomson Reuters. The Company reaffirmed its 2014 guidance for adjusted EPS of $4.35 to $4.55. Shares of FMC closed at $73.29, down 3.57%, in the next trading session. The full analyst notes on FMC are available to download free of charge at:
http://www.analystsreview.com/2311-FMC-12May2014.pdf
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Rockwood Holdings, Inc. Analyst Notes
On May 7, 2014, Rockwood Holdings, Inc. (Rockwood) announced financial results for Q1 2014. Rockwood reported net sales of $354.5 million, up 5.2% YoY, surpassing Thomson Reuters analysts' estimates of $355.1 million. According to Rockwood, on a sequential basis, earnings benefited from strong performance in the Surface Treatment category and lower interest expense, which more than offset lower Lithium results from the continued weak potash environment. For Q1 2014, net income from continuing operations was $21.7 million, or 29 cents per share, which included other net charges of $10.5 million, as compared to $6.5 million, or 8 cents per share during Q1 2013, which also included other net charges of $16.6 million. On a non-GAAP basis, for Q1 2014, the Company reported adjusted net income from continuing operations of $32.2 million or $0.43 per share, which matched analysts' estimates. The full analyst notes on Rockwood are available to download free of charge at:
http://www.analystsreview.com/2311-ROC-12May2014.pdf
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PT Newmont Nusa Tenggara Analyst Notes
On May 7, 2014, PT Newmont Nusa Tenggara (PTNNT) announced that Batu Hijau copper and gold mine on Sumbawa Barat expects to scale down production on or about June 1, 2014, in the wake of failing to secure an initial secure export permit. PTNNT will stop mining and milling, in addition to significantly scaling back contracted services, purchasing, and capital expenditure, with corresponding adjustments in employee work schedules and curtailments in overtime. The concerned employees would be placed on leave at reduced pay starting in early June in order to diminish costs and reserve the ability to return to normal operations as soon as possible. The Company informed that Batu Hijau will continue to ship and sell copper concentrate to PT Smelting in Gresik, Indonesia, through the remainder of 2014. On the same day, the Company's stock closed at $24.01, down by 2.40%. The full analyst notes on PTNNT are available to download free of charge at:
http://www.analystsreview.com/2311-NEM-12May2014.pdf
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BHP Billiton Ltd. Analyst Notes
On 24 April 2014, BHP Billion Ltd. (BHP Billiton) announced that it is contributing to a number of ANZAC Day ceremonies across the nation so as to help employees and community members pay homage to those who died fighting for their motherland. While people who live in urban areas do have the opportunity to attend ceremonies to pay their respects, it's difficult for those living in villages and other far flung areas, to attend ANZAC Day commemorative ceremonies. Jane McAloon, President Governance and Company Secretary, BHP Billiton, said, "from Port Hedland in remote Western Australia, to Muswellbrook in the New South Wales Hunter Valley, BHP Billiton representatives will be involved in ANZAC Day ceremonies and in some cases we will be holding our own." BHP Billiton recently announced a A$1 million partnership with the Australian War Memorial to support the redevelopment of the Memorial's World War I galleries. The full analyst notes on BHP Billiton are available to download free of charge at:
http://www.analystsreview.com/2311-BHP-12May2014.pdf
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Nike Inc. Analyst Notes
On May 7, 2014, NIKE, Inc. (Nike) released its FY 2012-2013 Sustainable Business Performance Summary, apprising performance of their current business, labor and environmental goals as the Company works towards profitable development from limited resources. According to Nike, the report highlights both successes as well as challenges, and underlines its growth across areas like climate and energy, labor, chemistry, water, waste and community. Mark Parker, President and CEO, said, "Nike's success as a growth company is tied directly to our culture of innovation. Today we believe that sustainable innovation that benefits the athlete, the company and the planet will play a key role in the future of our business. We believe business has a critical role to play in meeting the challenges of a changing world, addressing climate change, preserving the earth's constrained resources, enhancing global economic opportunity, not by reducing growth but by redefining it." The full analyst notes on Nike are available to download free of charge at:
http://www.analystsreview.com/2311-NKE-12May2014.pdf
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