Leadership Changes, Sales Agreement, Weather Impacts, and Joint Development Agreement - Analyst Notes on Apple, Sony, Thor, Quantum, and Westport
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NEW YORK, March 13, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Apple Inc. (NASDAQ: AAPL), Sony Corporation (NYSE: SNE), Thor Industries, Inc. (NYSE: THO), Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW), and Westport Innovations Inc. (NASDAQ: WPRT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Apple Inc. Analyst Notes
On March 4, 2014, Apple Inc. (Apple) announced that its Senior Vice President and CFO, Peter Oppenheimer, will retire at the end of September 2014. Succeeding Oppenheimer will be Luca Maestri, Apple's current Vice President of Finance and Corporate Controller. The Company informed that Oppenheimer will transition the CFO role to Maestri in June 2014. "Peter has served as our CFO for the past decade as Apple's annual revenue grew from $8 billion to $171 billion and our global footprint expanded dramatically. His guidance, leadership and expertise have been instrumental to Apple's success, not only as our CFO but also in many areas beyond finance, as he frequently took on additional activities to assist across the company. His contributions and integrity as our CFO create a new benchmark for public company CFOs," said Tim Cook, CEO of Apple. The full analyst notes on Apple Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/AAPL/report.pdf
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Sony Corporation Analyst Notes
On March 7, 2014, Sony Corporation (Sony) announced that it has reached an agreement to sell the NS Building and Building 4, as well as certain premises at the Gotenyama Technology Center owned by the Company, to a Japan-based real estate company Sumitomo Realty & Development Co., Ltd. (Sumitomo). Sony informed that the agreed sale price is ¥16.2 billion, with expected closing of the sale by the end of April 2014. The Company expects to realize a gain on the sale of approximately ¥10.0 billion, to be recorded as operating income in Q1 FY 2014 (fiscal year ending March 31, 2015). Further, Sony expects no impact from the sale on the Company's forecast of the consolidated financial results for full-year FY 2013 (fiscal year ending March 31, 2014). The full analyst notes on Sony Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03132014/SNE/report.pdf
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Thor Industries, Inc. Analyst Notes
On March 6, 2014, Thor Industries, Inc. (Thor) announced financial results for Q2 FY 2014 (period ended January 31, 2014). In Q2 FY 2014, the Company's net sales were $635.3 million, down 0.2% YoY. Q2 FY 2014 net income was $16.2 million, or $0.30 per diluted common share, compared to $19.9 million, or $0.37 per diluted common share, in Q2 FY 2013. "Despite the impact of the severe winter weather on our results in the quarter, we remain optimistic about our markets, our long-term strategic goals and our expectations for a year of continued growth in fiscal 2014," said Bob Martin, President and CEO of Thor. "We are making considerable progress in establishing an appropriate footprint to meet the growing demand for our products, including the recently announced addition of another prime production facility to support our motorized growth." The full analyst notes on Thor Industries, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/THO/report.pdf
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Quantum Fuel Systems Technologies Worldwide, Inc. Analyst Notes
On March 6, 2014, Quantum Fuel Systems Technologies Worldwide, Inc. (Quantum) reported Q4 2013 and full-year 2013 financial results. In Q4 2013, the Company's total revenues increased 126.4% YoY to $12.7 million, while full-year 2013 total revenues increased 40.5% YoY to $31.9 million. Q4 2013 net loss attributable to stockholders was $6.0 million, or $0.34 loss per diluted share, compared to a net loss of $6.6 million, or $0.55 loss per diluted share, in Q4 2012. Full-year 2013 net loss attributable to stockholders was $23.0 million, or $1.57 loss per diluted share, compared to a net loss of $30.9 million, or $2.87 loss per diluted share, in full year 2012. "We are at the front-end of an abundant opportunity in natural gas storage for trucking applications and are excited to be well positioned with our advanced compressed fuel storage technology and product portfolio, in addition to our strong capabilities in delivering complete packaged storage solutions to the market," said Brian Olson, President and CEO of Quantum. The full analyst notes on Quantum Fuel Systems Technologies Worldwide, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/QTWW/report.pdf
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Westport Innovations Inc. Analyst Notes
On March 3, 2014, Westport Innovations Inc. (Westport) announced a joint development agreement with Delphi Automotive PLC (Delphi) to commercialize Westport high pressure direct injection (Westport HPDI) as the leading natural gas technology platform for use in heavy-duty engine applications. Under the agreement, the Companies will combine their intellectual property and engineering strengths to co-develop and manufacture high-pressure natural gas fuel injectors designed for multiple engine original equipment manufacturers (OEMs). The full analyst notes on Westport Innovations Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03132014/WPRT/report.pdf
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