Latest Business News: Complementary Research on Fluidigm, PRA Health Sciences, Huntington Ingalls, A.M. Castle and Global Power
NEW YORK, May 12, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Fluidigm Corporation (NASDAQ: FLDM), PRA Health Sciences, Inc. (NASDAQ: PRAH), Huntington Ingalls Industries, Inc. (NYSE: HII), A. M. Castle & Co. (NYSE: CAS), and Global Power Equipment Group Inc. (NYSE: GLPW). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
FLDM Research Report: ( http://get.analystsreview.com/pdf/?c=Fluidigm&d=12-May-2015&s=FLDM ),
PRAH Research Report: ( http://get.analystsreview.com/pdf/?c=PRA%20Health%20Sciences&d=12-May-2015&s=PRAH ),
HII Research Report: ( http://get.analystsreview.com/pdf/?c=Huntington%20Ingalls&d=12-May-2015&s=HII ),
CAS Research Report: ( http://get.analystsreview.com/pdf/?c=A.M.%20Castle&d=12-May-2015&s=CAS ),
GLPW Research Report: ( http://get.analystsreview.com/pdf/?c=Global%20Power&d=12-May-2015&s=GLPW ).
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Analyst Update: Financial and Operational Results
The U.S. markets ended lower on Monday as the concern over Greece's precarious financial condition and China's slowing growth weighed on the investor sentiment. The energy index saw a sharp sell off on the back of weak oil prices. The Dow Jones Industrial Average fell by 85.94 points or 0.47% to close the day at 18,105.17. The NASDAQ and S&P 500 ended the day at 4,993.57 and 2,105.33, respectively, down by 0.2% and 0.51%, respectively, for the day. The European markets too ended the day in the red on Greece debt fears. The FTSE 100 was down 0.24%, DAX lost 0.31%, and CAC 40 plunged 1.23%. However, Asian markets (excluding Australia), traded higher as investors cheered China's latest cut in interest rates to boost its slowing economy.
On May 7, 2015, Fluidigm Corporation announced its financial results for the first quarter of 2015. The Company reported first quarter revenues of $26.7 million versus $25.7 million, thereby showing a 4% YoY increase. The Company's instrument revenue grew 5% YoY in the quarter, driven by increased sales from C1™ systems, CyTOF systems, and contribution from new products.
PRA Health Sciences, Inc. announced its first quarter financial results on May 6, 2015. The Company reported services revenues of $332 million for Q1 2015 versus $20.6 million in Q1 2014, thereby showing an increase of 7% YoY. The Company announced that its first quarter adjusted net income per share increased 86% YoY to $0.41 per share while adjusted net income increased 190% YoY to $25.8 million.
On May 7, 2015, Huntington Ingalls Industries reported its financial results for first quarter 2015. The Company reported revenues of $1.57 billion for the quarter and generated net earnings of $87 million or $1.79 per diluted share. The Company's total operating margin for the quarter was reported to be 9.9%, and its cash and cash equivalents stood at $904 million as at March 31, 2015.
A. M. Castle & Co. announced the appointment of Steven Scheinkman to the position of President and CEO of A.M. Castle. According to the announcement dated April 17, 2015, the Board of Directors of the Company made the appointment under which Steven will serve as the President and CEO effective immediately.
Global Power Equipment Group Inc. reported its Q4 2014 financial results. The Company reported an 11.2% YoY increase in its consolidated revenues of $538.5 million. Global Power generated a gross profit of $90.8 million which was higher compared to Q4 2013. The Company attributes higher gross profit to improved margins in its Energy Services and Nuclear Services segments.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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