Merger Updates, Earnings Releases, and Product Launches - Research Reports on Applied Materials, IAC, TE Connectivity, AspenTech and John Deere
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NEW YORK, November 3, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Applied Materials Inc. (NASDAQ: AMAT), InterActiveCorp (NASDAQ: IACI), TE Connectivity Ltd. (NYSE: TEL), Aspen Technology, Inc. (NASDAQ: AZPN) and Deere & Company (NYSE: DE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7628-100free.
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Applied Materials Inc. Research Reports
In a Reuters report dated October 29, 2014, Tokyo Electron Ltd (Tokyo Electron), which is expected to be acquired by Applied Materials Inc. (Applied Materials), said that completion of the merger could take until next year due to delays in regulatory approvals. In the report, Yoshiteru Harada, Corporate Director at Tokyo Electron, said "We cannot deny the possibility of a delay in the merger completion until next year." In September 2013, Applied Materials agreed to buy Tokyo Electron in an all-stock deal. Shareholders of both the companies have approved the transaction, which is currently expected to complete on December 30, 2014, three months later than the original schedule. The full research reports on Applied Materials are available to download free of charge at:
http://www.analystsreview.com/Nov-03-2014/AMAT/report.pdf
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InterActiveCorp Research Reports
On October 29, 2014, InterActiveCorp (IAC) announced its Q3 2014 financial results. Revenue stood at $782.2 million, up 3.3% YoY. Net income was reported at $326.8 million or $3.68 per diluted share compared to $96.9 million or $1.13 per diluted share in Q3 2013. According to the Company, net income includes a benefit of $263.9 million due to the reduction in tax reserves related to the expiration of the statutes of limitations for federal income taxes for the years 2001 through 2009. IAC informed that these benefits positively impacted diluted EPS by $2.97. The Company has also declared a quarterly cash dividend of $0.34 per share, payable on December 1, 2014 to IAC stockholders of record as of the close of business on November 15, 2014. The full research reports on IAC are available to download free of charge at:
http://www.analystsreview.com/Nov-03-2014/IACI/report.pdf
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TE Connectivity Ltd. Research Reports
On October 29, 2014, TE Connectivity Ltd. (TE Connectivity) announced its Q4 FY 2014 (period ended September 26, 2014) and FY 2014 financial results. During the quarter, net sales increased 4.2% YoY to $3.58 billion. Net income stood at $663 million or $1.59 per diluted share compared to $387 million or $0.92 per diluted share in Q4 FY 2013. For FY 2014, net sales were reported at $13.9 billion, up 4.8% YoY and net income arrived at $1.8 billion or $4.27 per diluted share compared to $1.3 billion or $3.02 per diluted share in Q4 FY 2013. Tom Lynch, TE Connectivity Chairman and CEO said, "The fourth quarter was a strong finish to a record year for the company. Our performance was led by continued momentum in our Transportation and Industrial segments and our Appliances business." For Q1 FY 2015, the Company expects net sales of $3.46 billion to $3.56 billion and EPS to range within $0.95 to $0.99. The full research reports on TE Connectivity are available to download free of charge at:
http://www.analystsreview.com/Nov-03-2014/TEL/report.pdf
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Aspen Technology, Inc. Research Reports
On October 28, 2014, Aspen Technology, Inc. (AspenTech) announced its Q1 FY 2015 (period ended September 30, 2014) financial results. Total revenue increased 22.3% YoY to $107.1 million. Subscription and software revenue was $98.7 million, compared to $78.7 million in Q1 FY 2014. Net income was $29.0 million or $0.32 per diluted share compared to $15.0 million or $0.16 per diluted share in Q1 FY 2014. Antonio Pietri, President and CEO AspenTech, said, "AspenTech delivered solid first quarter results highlighted by 46% non-GAAP operating margin, $37 million of free cash flow, and double-digit year-over-year growth in total license contract value. We believe we are well positioned to generate double-digit total license contract value growth as well as strong profitability and free cash flow in fiscal year 2015." The full research reports on AspenTech are available to download free of charge at:
http://www.analystsreview.com/Nov-03-2014/AZPN/report.pdf
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Deere & Company Research Reports
On October 22, 2014, Deere & Company (John Deere), together with Michelin Tweel Technologies, announced the launch of new MICHELIN X TWEEL TURF for commercial ZTrak mowers at the GIE+EXPO 2014. According to the Company, the new MICHELIN X TWEEL TURF is an airless radial tire sold, exclusively for John Deere ZTrak 900 Series models with 54-, 60- and 72-inch deck sizes. John Deere added that new product can bring greater performance, increased uptime and a lower cost of ownership to landscape professionals. "John Deere has consistently offered revolutionary technology to the professional landscape contractor, such as Mulch On Demand, the first mowers with an integrated transmission, E85 Flex Fuel capability, and now - in partnership with Michelin - the MICHELIN X TWEEL TURF," said Nick Minas, Product Manager, John Deere Commercial Mowing. "Since the MICHELIN X TWEEL TURF is nearly maintenance free, these could very well be the last rear tires contractors will ever need for their zero-turn mowers." The full research reports on John Deere are available to download free of charge at:
http://www.analystsreview.com/Nov-03-2014/DE/report.pdf
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