Mixed Influences in the Market: Complementary Research on Unisys, Silicon Motion, TrueBlue, Houghton Mifflin, Briggs & Stratton
NEW YORK, April 29, 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 Unisys Corporation (NYSE: UIS), Silicon Motion Technology Corporation (NASDAQ: SIMO), True Blue, Inc. (NYSE: TBI), Houghton Mifflin Harcourt Company (NASDAQ: HMHC), and Briggs & Stratton Corporation (NYSE: BGG). 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):
UIS Research Report: ( http://get.analystsreview.com/pdf/?c=Unisys%20Corporation&d=29-Apr-2015&s=UIS ),
SIMO Research Report: ( http://get.analystsreview.com/pdf/?c=Silicon%20Motion&d=29-Apr-2015&s=SIMO ),
TBI Research Report: ( http://get.analystsreview.com/pdf/?c=TrueBlue%20Inc&d=29-Apr-2015&s=TBI ),
HMHC Research Report: ( http://get.analystsreview.com/pdf/?c=Houghton%20Mifflin&d=29-Apr-2015&s=HMHC ),
BGG Research Report: ( http://get.analystsreview.com/pdf/?c=Briggs%20%26%20Stratton&d=29-Apr-2015&s=BGG ).
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Analyst Update: Quarterly Financial Results and Acquisitions
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed mixed on Tuesday as investors remained vigil over tech earnings and the Federal Reserve's concluding statement on Wednesday. The Dow Jones Industrial Average advanced 0.40%, to close the day at 18,110.14, and the S&P 500 gained 0.28%, to 2,114.76. However, the NASDAQ Composite was down 0.10%, to finish the session at 5,055.42. European stocks tumbled on Tuesday amid concerns over Federal Reserve's meeting outcome. Germany's DAX 30 fell 1.89%, France's CAC 40 lost 1.81%, and London's FTSE 100 ended 1.03% lower on Tuesday. Meanwhile, Asian stock markets mostly closed lower on Tuesday. The Shanghai Composite Index and Australia's S&P ASX both fell on Tuesday, while Hong Kong's Hang Seng index was flat.
Unisys Corp (Unisys) reported its first quarter 2015 results on April 23, 2015. Revenue declined by 5% YoY to $721 million in Q1 2015, led by fall in service margins. The Company reported a net loss of $43.2 million or $0.87 per diluted share, as compared to net loss of $53.5 million or $1.15 per diluted share in Q1 2014.
On April 24, 2015, Silicon Motion Technology (Silicon Motion) announced that it has entered into a definitive agreement to acquire Shannon Systems, a leading supplier of enterprise-class PCIe SSD and storage array solutions to China's internet and other industries. Under the terms of the agreement, Silicon Motion will acquire Shannon for a total purchase price of $57.5 million, which includes a combination of cash, equity and contingency payments.
TrueBlue on April 23, 2015, announced better than expected financial results for the first quarter 2015. Revenue for Q1 2015 was $573 million, up 45% YoY, while adjusted net income per share for Q1 2015 was $0.20, up from $0.06 a year ago.
On April 24, 2015, Houghton Mifflin Harcourt (HMH) announced that it has entered into a definitive agreement to acquire the Educational Technology and Services business of Scholastic Corporation for $575 million in cash, subject to customary working capital adjustments.
Briggs & Stratton Corporation on April 23, 2015, announced results for the Q3 FY 2015 (period ended March 29, 2015) and first nine months of Fiscal Year 2015. Consolidated net sales were $619.0 million in Q3 FY 2015, down 1.5% YoY, due to higher shipments and impact of the stronger dollar.
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About Analysts Review
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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.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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