Earnings Releases, Court Rulings, and Preliminary Quarterly Results - Research Reports on TSMC, Seagate, 3DS, Xerox and Check Point
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NEW YORK, October 28, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), Seagate Technology Plc (NASDAQ: STX), 3D Systems Corporation (NYSE: DDD), Xerox Corporation (NYSE: XRX) and Check Point Software Technologies Ltd. (NASDAQ: CHKP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7486-100free.
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Taiwan Semiconductor Manufacturing Company Limited Research Reports
On October 16, 2014, Taiwan Semiconductor Manufacturing Company Limited (TSMC) announced its Q3 2014 financial results. Revenue stood at (New Taiwanese dollar) NT$209.0 billion, up 28.6% YoY. TSMC reported net income of NT$76.3 billion or NT$2.94 per diluted share, versus NT$52.0 billion or NT$2.00 per diluted share in Q3 2013. Lora Ho, Senior Vice President and CFO of TSMC said, "In the third quarter, TSMC broke new record in revenue thanks to strong demand for TSMC's advanced technologies. After two years of meticulous preparation, we began volume shipments of 20-nanometer wafers, which reached 9 percent of our third quarter wafer revenue." Lora Ho added that based on TSMC's current business outlook and exchange rate assumption of $1 to NT$30.31, the Company's management expects Q4 2014 revenue to be between NT$217 billion and NT$220 billion. The full research reports on TSMC are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/TSM/report.pdf
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Seagate Technology Plc Research Reports
On October 8, 2014, Seagate Technology Plc (Seagate) announced that the Minnesota Supreme Court has issued a ruling that the arbitration award in favor of Seagate in the Company's case against Western Digital for the misappropriation of Seagate trade secrets should be confirmed. As per Seagate, in the arbitration award, which was issued on January 23, 2012, the arbitrator determined that Western Digital and its former employee had misappropriated Seagate trade secrets. Seagate added that the arbitrator awarded Seagate $525 million in compensatory damages and, after adding interest, issued a final award of c.$630.4 million. The Company stated that the award continues to accrue interest at 10%, and as of October 8, 2014, the total award with interest is approximately $800 million. The full research reports on Seagate are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/STX/report.pdf
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3D Systems Corporation Research Reports
On October 22, 2014, 3D Systems Corporation (3DS) announced its preliminary Q3 2014 results. 3DS stated that the Company expects to report its Q3 2014 revenue to be in the range of $164 million to $169 million and EPS in the range of $0.01 to $0.03. Avi Reichental, President and CEO, 3DS said, "We are disappointed that we failed to fully capitalize on the robust demand for our direct metal and consumer products during the quarter. While we worked very hard to deliver these products sooner, achieving manufacturing scale, quality and user experience targets took significantly longer than we had anticipated. Now that we have closed these availability gaps, we expect our revenue growth rate to increase. " Further, the Company's management expects its FY 2014 revenue to be in the range of $650 million to $690 million, and EPS in the range of $0.18 to $0.28. The full research reports on 3DS are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/DDD/report.pdf
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Xerox Corporation Research Reports
On October 22, 2014, Xerox Corporation (Xerox) announced its Q3 2014 financial results. Total revenue stood at $5.1 billion, down 2.2% YoY. Net income attributable to Xerox was reported at $266 million versus $286 million in Q3 2013, while diluted EPS was unchanged at $0.22. Ursula Burns, Xerox Chairman and CEO said, "This quarter we delivered earnings at the high end of our range. Profits from our Document Technology business came in above expectations while Services results were lower than planned. Our Document Technology business continues to provide strong profitability, and we are continuing to invest in our Services business for revenue and profit improvement by strengthening leadership and evolving our operating model to better leverage our scale and drive efficiency and customer value. These activities will position us well for the future." For Q4 2014, Xerox expects EPS to range between $0.26 and $0.28 and for full-year 2014 it anticipates EPS to range $0.93 to $0.95, respectively. The full research reports on Xerox are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/XRX/report.pdf
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Check Point Software Technologies Ltd. Research Reports
On October 23, 2014, Check Point Software Technologies Ltd. (Check Point) announced its Q3 2014 financial results. Total revenues stood at $370.4 million, up 7.6% YoY. Net income was reported at $161.0 million or $0.84 per diluted share, compared to $159.7 million or $0.80 per diluted share in Q3 2013. "The third quarter represented another great quarter with results coming in at the high-end of our projections. We continued to deliver double-digit growth in our combined products and software blades revenues. Growth was driven by demand for our data center and enterprise security appliances and next generation threat prevention software blades," said Gil Shwed, Founder, Chairman, and CEO of Check Point. The full research reports on Check Point are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/CHKP/report.pdf
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