Diversified Electronics Report Partial and Final Quarterly Results - Research Report on Corning, Emerson, Eaton, TE Connectivity, and Molex
NEW YORK, October 28, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Corning Incorporated (NYSE: GLW), Emerson Electric Co. (NYSE: EMR), Eaton Corporation (NYSE: ETN), TE Connectivity Ltd. (TE Connectivity Ltd. (NYSE: TEL), and Molex Incorporated (NASDAQ: MOLX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Corning Incorporated Research Report
On October 22, 2013, Corning Incorporated (Corning) reported preliminary Q3 2013 results. Preliminary Q3 2013 results highlighted core EPS of $0.33, up 17.9% YoY and net sales of $2.1 billion, up 1.4% YoY. "In a strong third quarter, Corning achieved its fourth consecutive quarter of year-over-year core EPS growth by improving core profitability in our non-display businesses and by tightly controlling operational expenses. Additionally, we are pleased with another quarter of moderate LCD glass price declines. We have made significant progress on our strategy to return to earnings growth," said Wendell P. Weeks, Chairman, CEO, and President of Corning. For Q4 2013, the Company expects results to be lower quarter-over-quarter due to normal seasonality in its Telecommunications, Life Sciences, and Environmental Technologies segments. Corning will discuss its Q3 2013 results and Q4 2013 outlook on October 30, 2013 at 8:30 a.m. ET. The Full Research Report on Corning Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b0cb_GLW]
Emerson Electric Co. Research Report
On October 15, 2013, Emerson Electric Co. (Emerson) announced that it will release its Q4 FY 2013 financial results on November 5, 2013, before the market opens. On the same day, the Company's senior management will host an investor conference call at 3:00 p.m. ET / 2:00 p.m. CT, to discuss the results. The Full Research Report on Emerson Electric Co. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c8ce_EMR]
Eaton Corporation Research Report
On October 22, 2013, Eaton Corporation (Eaton) announced that its Board of Directors has declared a quarterly dividend of $0.42 per ordinary share. The dividend is payable on November 22, 2013, to shareholders of record at the close of business on November 4, 2013. The Company informed that it has paid dividend every year since 1923. The Full Research Report on Eaton Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9d5a_ETN]
TE Connectivity Ltd. Research Report
On October 22, 2013, TE Connectivity Ltd. (TE Connectivity) announced the retirement of Senior Vice President and Chief Information Officer Ronald F. Vance, effective December 31, 2013. The Company informed that Vance will continue in his current capacity until his successor, Joseph F. Eckroth, Jr. joins the Company in November 2013. "Ron has been instrumental to TE's success over the years. His leadership has enabled our transformation to a lean company through our TE Operating Advantage (TEOA) program, greatly improved our customers' experience by introducing advanced digital and self-service capabilities, and helped our engineering teams bring more innovations to our customers faster. He is an advocate for leveraging technology to drive a stronger business. We wish him well and are deeply appreciative of his contributions to TE," said Tom Lynch, Chairman and CEO of TE Connectivity. The Full Research Report on TE Connectivity Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5645_TEL]
Molex Incorporated Research Report
On October 23, 2013, Molex Incorporated (Molex) reported Q1 FY 2014 (period ended September 30, 2013) financial results. In Q1 FY 2014, the Company's net revenue was $936.4 million, up 6.1% QoQ and up 2.1% YoY. Q1 FY 2014 net income was $84.1 million, or $0.46 per share, compared with $71.3 million, or $0.40 per share, Q1 FY 2013. "Continued improvement in our core markets drove solid sequential revenue growth during the September quarter, as we exceeded the top end of our guidance range for both revenue and earnings per share. The automotive, telecom and mobile devices markets were very strong during the quarter, and are areas where Molex has exceptional technology and a breadth of innovative product offerings," said Martin P. Slark, CEO of Molex. The Full Research Report on Molex Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f112_MOLX]
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