Financial Results, Resale Agreements, and Stock Price Movements - Research Report on Apple, Harman, Whirlpool, Sony, and Philips
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NEW YORK, November 6, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Apple Inc. (NASDAQ: AAPL), Harman International Industries Inc. (NYSE: HAR), Whirlpool Corporation (NYSE: WHR), Sony Corporation (ADR) (NYSE: SNE) and Koninklijke Philips NV (ADR) (NYSE: PHG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Apple Inc. Research Report
On October 28, 2013, Apple Inc. (Apple) announced its Q4 FY 2013 financial results (period ended September 28, 2013). The Company's net sales increased 4.2% YoY to $37.5 billion during the quarter. Net income was reported at $7.5 billion or $8.26 per diluted share, compared to $8.2 billion or $8.67 per diluted share in Q4 FY 2012. Commenting on the results, Apple's CEO Tim Cook, said, "We're pleased to report a strong finish to an amazing year with record fourth quarter revenue, including sales of almost 34 million iPhones. We're excited to go into the holidays with our new iPhone 5c and iPhone 5s, iOS 7, the new iPad mini with Retina Display and the incredibly thin and light iPad Air, new MacBook Pros, the radical new Mac Pro, OS X Mavericks and the next generation iWork and iLife apps for OS X and iOS." The Company stated that for Q1 FY 2014, it expects revenue to be between $55 billion and $58 billion. The Full Research Report on Apple Inc. - 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/e809_AAPL]
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Harman International Industries Inc. Research Report
On October 31, 2013, Harman International Industries Inc. (Harman) reported its Q1 FY 2014 financial results (period ended September 30, 2013). The Company's net sales grew 17.4% YoY to $1.2 billion during the quarter. Net income came in at $46.5 million or $0.66 per diluted share during the quarter, compared to $54.6 million or $0.79 per diluted share in Q1 FY 2013. Commenting on the results, Dinesh C. Paliwal, the Company's Chairman, President and CEO, said, "We are pleased that our fiscal year is off to a solid start with all three of our divisions reporting double-digit top line growth, which resulted in stronger bottom-line performance. During the quarter, we also positioned Harman for continued growth, as we secured over $1.3 billion of new infotainment awards and gained market share through competitive replacements based on our unsurpassed innovation. Our patent count jumped from 4,900 to over 5,200 patents and filings, a further testament to our technology leadership." The Full Research Report on Harman International Industries Inc. - 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/fb84_HAR]
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Whirlpool Corporation Research Report
On November 1, 2013, Whirlpool Corporation's stock (Whirlpool) rose 0.72%, ending the day at $147.06. Over the previous three trading sessions, shares of Whirlpool declined 1.26%, compared to the S&P 500 which declined 0.58% during the same period. The Full Research Report on Whirlpool 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/5e55_WHR]
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Sony Corporation (ADR) Research Report
On October 31, 2013, Sony Corporation (ADR) (Sony) announced its Q2 FY 2013 financial results (period ended September 30, 2013). The Company's sales and operating revenue increased 10.6% YoY to ¥1,775.5 billion ($18.1 billion) during the quarter. Sony stated that the increase in sales was attributable to the favorable impact of foreign exchange rates and a significant increase in smartphones' sales, but partially offset by the absence of sales from the chemical products related business which was sold in September 2012, as well as a decrease in sales of video cameras and compact digital cameras. Net loss attributable to Sony's stockholders was ¥19.3 billion ($197 million) or ¥18.91 ($0.19) per diluted share in Q2 FY 2013, compared to ¥15.5 billion or ¥15.41 per diluted share in Q2 FY 2012. For full-year FY 2013 (period ending March 31, 2014), the Company revised its guidance and now anticipates sales and operating revenue to be ¥7,700 billion, and net income attributable to the Company's stockholders to be ¥30 billion. The Full Research Report on Sony Corporation (ADR) - 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/cd56_SNE]
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Koninklijke Philips NV (ADR) Research Report
On October 28, 2013, Koninklijke Philips NV (ADR) (Philips) and Infraredx, Inc. (Infraredx) announced a non-exclusive resale agreement for Infraredx's TVC Imaging System. Philips stated that under the terms of the agreement, the Company will sell Infraredx's TVC Imaging System along with its Allura interventional X-ray systems in North America and Europe, thus increasing its interventional cardiology portfolio of advanced live image guidance solutions, clinical informatics, and interventional tools. The Company informed that the TVC Imaging System is a first-in-class intravascular imaging system that integrates near-infrared spectroscopy (NIRS) lipid core plaque (LCP) detection technology and enhanced intravascular ultrasound (IVUS) imaging to visualize the presence of plaques, quantify the degree of vessel stenosis (narrowing) and identify plaques prone to rupturing and causing dangerous blockages. Don Southard, President and CEO of Infraredx said, "This resale agreement advances our global commercialization strategy by increasing our product's penetration in the cardiac imaging market." The Full Research Report on Koninklijke Philips NV (ADR) - 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/2026_PHG]
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