Seeking Alpha
  • Today - Thursday, October 23, 2014

  • 10:23 AM
    • Pretax earnings of $78.9M up 46.2% Y/Y. Net income of $48.5M or $0.85 per share.
    • Closings of 2,018 units up 7.2% Y/Y, with ASP of $331K up 11.1%.
    • Housing gross profit margin of 22.2% up 160 basis points.
    • New Orders (excluding backlog acquired from Cornell Homes in July) up 13.6% in units, up 19.6% in dollars.
    • Backlog up 5.4% in units to 3,559, up 14.5% in dollars to $1.2B.
    • Active communities up 15.1% to 327. Controlled lots up 7% to 41,476.
    • 860K shares repurchased during quarter.
    • Previously: Ryland Group  beats by $0.05, misses on revenue
    • RYL -0.55%
    | Comment!
  • 10:22 AM
    • RTI Surgical (RTIX +2%) will report Q3 results on October 30 before the open. The conference call will begin at 8:30 am ET.
    • Consensus view is EPS of $0.02 on revenues of $62M.
    | Comment!
  • 10:19 AM
    • Westmoreland Coal (NASDAQ:WLB): Q3 EPS of -$2.95 may not be comparable to consensus of -$1.14.
    • Revenue of $337.8M (+91.1% Y/Y)
    • Press Release
    | Comment!
  • 10:17 AM
    • Sequans (NYSE:SQNS) expects Q4 revenue of $7M-$8M and EPS of -$0.12 to -$0.14, below a consensus of $11.4M and -$0.10.
    • A 68% increase in LTE product sales fueled a 59% increase in Q3 revenue. However, with total revenue only at $6.46M, Sequans' 4G baseband chip sales remain a small fraction of market leader Qualcomm's. Intel, Marvell, MediaTek, Spreadtrum, and Nvidia also compete in this space.
    • Gross margin was 39.4% vs. 41.3% in Q2 and 25.1% a year ago. Opex rose 4% Y/Y to $31.3M, with R&D spend accounting for $22M.
    • Shares are close to a 52-week low of $1.31.
    • Q3 results, PR
    | Comment!
  • 10:16 AM
    • Q3 pretax income of $225M up 29% Y/Y. Net income of $141M or $0.37 per share.
    • Home sales revenues of $1.6B up 4% Y/Y, with ASP up 8% to $334K and closing lower by 4% to 4,646 homes.
    • Net new orders of 3,779 comparable to year-ago. On a dollar-basis, signup value of $1.3B up 3%. Backlog of 7,934 homes valued at $2.6B vs. 7,522 homes valued at $2.4B a year ago.
    • Quarterly dividend is increased by 60% to $0.08 per share. Buyback authorization is boosted by $750M; company had $85M remaining under previous plan.
    • $2.4B authorized for land investment in 2015, an increase of $600-$700M over expected 2014 expenditures.
    • Previously: PulteGroup beats by $0.01, revenue in-line
    • PHM -1.2%
    | Comment!
  • 10:15 AM
    • Capstone Turbine (CPST +3.6%) will report FQ2 results on Nov. 6. The conference call is scheduled to begin at 1:45 p.m. PT.
    • Consensus view is EPS of -$0.01 on revenues of $36.8M.
    | 1 Comment
  • 10:12 AM
    • Biolase (BIOL +1.3%) will report Q3 results on November 4 after the close. The conference call will begin at 1:30 pm PT/4:30 pm ET.
    • Consensus view is a loss of ($0.09) per share on revenues of $11.7M.
    | Comment!
  • 10:08 AM
    • Royal Caribbean (NYSE:RCL) reports a net yield increase of 4.2% in Q3.
    • Passenger ticket revenue +6.9% to $1.786B
    • Onboard revenue -5.9% to $602.02M.
    • Passengers carried +5.2% to 1.324M.
    | Comment!
  • 10:06 AM
    • DNB Financial (NASDAQ:DNBF): Q3 EPS of $0.43.
    • Revenue of $6.4M (+6.7% Y/Y).
    • Press Release
    | Comment!
  • 10:02 AM
    • Protective gear maker Alpha Pro Tech (APT) Q3 results ($M): Revenues: 13.2 (+3.9%); Gross Profit: 4.9 (+6.5%); Operating Expenses: 3.5 (+2.9%); Operating Income: 1.4 (+16.7%); Net Income: 1.0 (+6.7%); EPS: 0.05 (unch); Quick Assets: 9.5 (-2.1%).
    • No financial guidance given.
    | Comment!
  • 9:58 AM
    • Net income of $95.5M, or $1.21 per diluted share vs. $95.1M, or $1.22 per diluted share in the third quarter of 2013.
    • Revenue by segment: Carbon steel +10.8%; Aluminum +15.9%; Stainless steel +15.1%; Alloy +10.7%.
    • Share repurchase plan has been extended to December 31, 2017.
    • Q3 results
    | Comment!
  • 9:51 AM
    • Proto Labs (NYSE:PRLB) guided on its Q3 CC for Q4 revenue of $53M-$56M, below a $58.7M consensus.
    • Both the Q3 miss and the guidance are blamed on weak European sales. North American sales are healthier: They rose 26% Y/Y in Q3, excluding the acquisition of manufacturing services firm FineLine Prototyping.
    • Gross margin fell 120 bps Y/Y to 60.6%. GAAP opex rose 41% to $17.6M, exceeding revenue growth of 30%.
    • Q3 results, PR
    | Comment!
  • 9:49 AM
    • Alexion (ALXN +5%) Q3 results: Net Product Sales: $555.1M (+38.6%); COGS: $51.9M (+23.0%); R&D Expense: $100.7M (+14.2%); SG&A: $157.7M (+28.3%); Operating Income: $236.7M (+74.9%); Net Income: $177.7M (+89.4%); EPS: $0.88 (+87.2%); Quick Assets: $1781.7M (+17.6%).
    • 2014 Guidance: Revenue: $2.22B - $2.23B from $2.18B - 2.20B; Non-GAAP EPS: $5.15 - $5.20 from $4.95 - 5.05.
    | Comment!
  • 9:38 AM
    • Net loss of ($12M), or ($0.09) per diluted share vs. net income of $23M or $0.21 per diluted share in the third quarter of 2013.
    • U.S. Gypsum wallboard shipments totaled 1.40 BSF vs. 1.37BSF.
    • U.S. Gypsum average wallboard price of $164.80 per thousand sq. ft. vs. $154.04.
    • Q3 results
    | Comment!
  • 9:31 AM
    • Utah Medical Products (NASDAQ:UTMD): Q3 EPS of $0.75
    • Revenue of $10.72M (+6.9% Y/Y)
    • Press Release
    | Comment!
  • 9:27 AM
    • Community West Bancshares (NASDAQ:CWBC): Q3 EPS of $0.18
    • Revenue of $6.62M (-1.3% Y/Y)
    • Press Release
    | Comment!
  • 9:27 AM
    • Simmons First National (NASDAQ:SFNC): Q3 EPS of $0.63 beats by $0.05.
    • Revenue of $57.8M (+38.0% Y/Y) beats by $1.32M.
    • Press Release
    | Comment!
  • 9:26 AM
    • Yandex (NASDAQ:YNDX) now expects 27%-30% 2014 ruble-based revenue growth, improved from a prior 25%-30%. The ruble has fallen sharply against the dollar this year.
    • Q3 adjusted EPS of RUR12.00 ($0.29) beat an RUR10.43 consensus.
    • Sales of text ads on Yandex's sites (driven by search ads, 69% of revenue) +33% Y/Y to RUR7.01B. Ad network text ad sales +19% to RUR2.34B. Display ad sales (mostly on Yandex sites) +6% to RUR782M.
    • Traffic acquisition costs fell to 21.2% of revenue from 21.8% in Q2 and 22% a year ago. Paid clicks +19% Y/Y (down from Q2's +36%), ad prices +8%, search query volume +13% (down from Q2's +19%). The slowdown is tied to Yandex entering the second year of its deal to handle paid search for Mail.ru.
    • R&D spend rose to 16% of revenue from 14.4% a year ago. But SG&A fell to 13.9% of revenue from 16.3%.
    • Q3 results, PR
    | Comment!
  • 9:25 AM
    • 1st Constitution Bancorp (NASDAQ:FCCY): Q3 EPS of $0.30 beats by $0.07.
    • Revenue of $10.43M (+31.7% Y/Y) beats by $0.68M.
    • Press Release
    | Comment!
  • 9:24 AM
    • ClearOne (NASDAQ:CLRO): Q3 EPS of $0.19 beats by $0.07.
    • Revenue of $15.7M (+26.9% Y/Y) beats by $1.93M.
    • Press Release
    | Comment!
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