Quarterly Financial Results, Stock Price Movements, and New Innovations - Analyst Notes on Goodyear, Clorox, Philips, Herman Miller, and Teledyne
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NEW YORK, March 27, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding The Goodyear Tire & Rubber Company (NASDAQ: GT), The Clorox Co (NYSE: CLX), Koninklijke Philips NV (NYSE: PHG), Herman Miller, Inc. (NASDAQ: MLHR), and Teledyne Technologies Incorporated (NYSE: TDY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
The Goodyear Tire & Rubber Company Analyst Notes
On March 18, 2014, The Goodyear Tire & Rubber Company (Goodyear) announced that its newest blimp took to the skies for its maiden flight, wherein the ship, aided by tail wind, eclipsed a speed of 80 miles/hour. According to Goodyear, the test flight is part of a comprehensive training program which will be undertaken by Goodyear pilots and crew over the next two months. The new blimp will officially be ready to begin travelling to cities around the United States after a formal christening ceremony in summer 2014. Goodyear stated that the new blimp is a state-of-the-art version that is larger, faster, more maneuverable than previous models, and builds on the Company's legacy as the world's leading builder and operator of airships. The full analyst notes on The Goodyear Tire & Rubber Company are available to download free of charge at:
http://www.AnalystsReview.com/03272014/GT/report.pdf
The Clorox Co Analyst Notes
On March 24, 2014, shares of The Clorox Co (Clorox) closed at $88.03, up 0.56% from its previous day's closing price. Over the past three trading days, Clorox's shares grew by 0.86%, beating the Dow Jones Industrial Average which increased by 0.34% during that same period. The full analyst notes on The Clorox Co are available to download free of charge at:
http://www.AnalystsReview.com/03272014/CLX/report.pdf
Koninklijke Philips NV Analyst Notes
On March 20, 2014, Koninklijke Philips NV (Philips) announced the establishment of its Africa Innovation Hub in Nairobi, Kenya. As part of the Company's commitment to invest in Africa, the Philips Innovation Hub will work on the creation of new inventions, as well as bringing these inventions to the market. According to Philips, the Hub will be located at the Philips East African Headquarters in Nairobi, where African talents and international researchers will operate on the concept of "open innovation" and will work in close collaboration with the R&D ecosystem of Kenya and Africa. Philips also informed that it is in discussions with local organizations and Universities on R&D collaborations to co-create meaningful solutions for Africa. Commenting on the establishment, Hon'ble Adan Mohammed, Cabinet Secretary for Industrialization, remarked, "We welcome the establishment of Philips' Innovation Hub in Kenya; Philips is a globally recognized innovation powerhouse and their selection of Nairobi as the site to establish their African Innovation hub is a testament to the Kenyan government's commitment to nurture the drive for research and innovation in the region. We lend our full support to the investment being made by Philips and look forward to the outcomes of their Africa-specific research and projects that can contribute to transforming society, business and government across the continent." The full analyst notes on Koninklijke Philips NV are available to download free of charge at:
http://www.AnalystsReview.com/03272014/PHG/report.pdf
Herman Miller, Inc. Analyst Notes
On March 19, 2014, Herman Miller, Inc. (Herman Miller) released it Q3 FY 2014 results (period ended March 1, 2014). Herman Miller reported a 7.7% YoY increase in net sales of $455.9 million during the quarter. The Company also posted an increase of 21.4% YoY for new orders amounting to $464.0 million, reflecting broad-based growth across each of the Company's major business units and geographic regions. Herman Miller also stated that its most recent price increase (which became effective February 3, 2014) had the effect of accelerating approximately $22 million of orders that would have otherwise been entered in Q4 FY 2014. The Company's EPS on a diluted basis was $0.33 in Q3 FY 2014, compared to $0.28 in Q3 FY 2013. Commenting on the results, Brian Walker, CEO, stated, "The clear highlight in our results this quarter is the strong order growth across each of our business segments. Particularly encouraging is the fact that this improvement extended into areas that for some time have been headwinds to growth, including the U.S. federal government and key markets within EMEA and Asia. While it's too early to call these improvements sustainable, they certainly increase our optimism. In short, the business fired on all cylinders this quarter, and although uncertainty remains in the global economic and political picture, we feel good about our momentum and direction." The full analyst notes on Herman Miller, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03272014/MLHR/report.pdf
Teledyne Technologies Incorporated Analyst Notes
On March 24, 2014, shares of Teledyne Technologies Incorporated (Teledyne) dropped 0.43% to end trading at $97.58. Over the past five days of trading, Teledyne's shares slipped by 0.88%, compared to the Dow Jones Industrial Average, which increased by 0.18% over the same period. The full analyst notes on Teledyne Technologies Incorporated are available to download free of charge at:
http://www.AnalystsReview.com/03272014/TDY/report.pdf
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