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  • Improved Outlook On Solid Results: Skechers USA (SKX), Logitech Intl SA (LOGI), VASCO Data Security Intl (VDSI) 0 comments
    Jul 24, 2014 7:09 AM | about stocks: SKX, LOGI, VDSI

    https://staticseekingalpha.a.ssl.fastly.net/uploads/2014/7/24/saupload_skx.jpg Skechers USA Inc. (NYSE:SKX)

    Keep a close eye on SKX. The company achieved the highest quarterly revenues in its 22-year history, with growth across all its distribution channels.

    For the second quarter 2014, SKX posted record net sales of $587.1 million, a 37.1% increase year over year, net earnings of $34.8 million compared to $7.1 million in the same period the prior year, and diluted net earnings per share of $0.68 versus $0.14 in the second quarter 2014.

    According to the company, the record first half of 2014 along with continued increased backlogs at the end of June, incoming order rate and revenues in July leads SKX to believe that its record quarterly sales trend will continue for the balance of the year.


    SKX designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women.

    More about Skechers USA Inc. (SKX) at www.skechers.com


    https://staticseekingalpha.a.ssl.fastly.net/uploads/2014/7/24/saupload_logi.jpg Logitech International SA (NASDAQ:LOGI)

    Following a strong performance on its financial results, LOGI has raised its profitability outlook.

    On its unaudited and unreviewed financial results for the first quarter of Fiscal Year 2015, LOGI posted sales of $484 million, a 1% increase year over year, GAAP operating income of $25 million, with GAAP earnings per share (NYSEARCA:EPS) of $0.13, compared to $0.01 in the same period the prior year, and non-GAAP operating income of $44 million, with non-GAAP EPS of $0.23, compared to $0.07 a year ago

    For the full Fiscal Year 2015, LOGI confirmed its outlook of $2.16 billion in sales and raised its outlook for non-GAAP operating income from $145 million to approximately $170 million


    LOGI is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, LOGI's combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control.

    More about Logitech International SA (LOGI) at www.logitech.com.


    https://staticseekingalpha.a.ssl.fastly.net/uploads/2014/7/24/saupload_vdsi.jpg VASCO Data Security International Inc. (NASDAQ:VDSI)

    VDSI is increasing its guidance for revenue and operating margins for the full-year 2014.

    For the second quarter 2014, VDSI posted revenue from continuing operations of $47.7 million, a 28% increase year over year, operating income from continuing operations of $7.6 million, a 300% increase compared to the same period the prior year, and net income, which includes the impact of its discontinued operations, of $6.9 million, or $0.17 per diluted share, an increase of $5.1 million, or 283%, from $1.8 million, or $0.05 per diluted share, for the second quarter of 2013.

    According to its guidance for full-year 2014, VDSI expects revenue from its traditional business, which excludes the company's new service product offerings (DIGIPASS as a Service and MYDIGIPASS.COM), to be in the range of $175 million to $180 million, an increase from the range communicated previously of $168 million to $172 million.


    VDSI is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet Security applications and transactions.

    More about VASCO Data Security International Inc. (VDSI) at www.vasco.com


    Read Full Disclaimer at www.finance.crwe-pr.com/disclaimer

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: SKX, LOGI, VDSI
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