Lithia Motors Reports Adjusted EPS of $1.13 for Third Quarter 2013, Revenue Up 22%; Increases 2013 Outlook
Lithia Motors Declares $0.13 per Share Dividend for Third Quarter 2013
MEDFORD, OR--(Marketwired - Oct 23, 2013) - Lithia Motors, Inc. (NYSE: LAD) today reported the highest quarterly adjusted net income from continuing operations in Company history, and a 27% increase in adjusted net income per share from continuing operations for the third quarter 2013 over the prior year period.
Adjusted income from continuing operations for the third quarter 2013 was $29.6 million, or $1.13 per diluted share. This compares to 2012 third quarter income from continuing operations of $23.1 million, or $0.89 per diluted share.
Unadjusted net income from continuing operations for the third quarter of 2013 was $30.9 million, or $1.18 per diluted share. As shown in the attached non-GAAP reconciliation tables, the 2013 third quarter adjusted results from continuing operations exclude a $1.3 million benefit, or $0.05 per diluted share, related to a non-core tax attribute. We did not have any adjustments to the 2012 third quarter results from continuing operations.
Third quarter 2013 revenue from continuing operations increased $190.8 million, or 22%, to $1.1 billion from $878.5 million in the third quarter of 2012.
Third Quarter-over-Quarter Operating Highlights:
•New vehicle same store sales increased 16%
•Used vehicle retail same store sales increased 17%
•Service, body and parts same store sales increased 6%
•SG&A expense as a percentage of gross profit decreased 120 basis points to 65.6%
"Our stores delivered another solid quarter of sales growth that outpaced the national rate of recovery," said Bryan DeBoer, President and CEO. "However, opportunities continue to exist for our team to improve new and used vehicle sales volumes and new vehicle gross margin level
Sentiment: Strong Buy
SIFCO Industries, Inc. (“SIFCO”) Announces Fiscal 2013 Financi SIFCO Industries, Inc.
November 27, 2013 12:17 PM
SIFCO Industries, Inc. (NYSE MKT: SIF) today announced financial results for its fiscal year 2013, which ended September 30, 2013. Fiscal Year
• Net sales in fiscal 2013 increased 12.8% to $116.0 million, compared to $102.9 million in fiscal 2012.
• Income from continuing operations in fiscal 2013 was $9.8 million, or $1.81 per diluted share, compared with $6.3 million, or $1.18 per diluted share, in fiscal 2012.
• Net income for fiscal 2013 was $10.2 million, or $1.90 per diluted share, compared with net income of $6.5 million, or $1.22 per diluted share, in fiscal 2012.
CEO Michael S. Lipscomb stated, "SIFCO completed its strategic move back to its forging and finishing core competencies. During fiscal 2013, SIFCO sold its Applied Surface Concepts business, discontinued its Turbine Component Services and Repair business, and purchased General Aluminum Forge. SIFCO now reports as one business segment, SIFCO Forged Components. SIFCO is now a focused supplier of forged and finished products to the Aerospace and Energy markets.”
The results for fiscal 2013 include the results of General Aluminum Forge, which was acquired in July 2013.
Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.
Sentiment: Strong Buy
NTN Buzztime, Inc. Announces Third Quarter 2013 Results and Multi-Year Agreement with Buffalo Wild NTN Buzztime, Inc.
November 13, 2013 4:15 PM
CARLSBAD, Calif., Nov. 13, 2013 /PRNewswire/ -- NTN Buzztime, Inc. (NYSE MKT: NTN) today announced results for the quarter ended September 30, 2013. The Company also announced the signing of a multi-year service agreement with Buffalo Wild Wings, Inc. (BWLD).
"During the third quarter, we continued to aggressively invest in product and platform development while still managing to generate cash flow. This coupled with the $2.4 million in gross proceeds raised in a private placement disclosed earlier today gives us the ability to execute more aggressively on our growth plans. These growth plans are centered around our new Buzztime BEOND platform that was recently launched commercially, including the new agreement with Buffalo Wild Wings, a leader in the retail technology space," said Buzztime CEO, Jeffrey Berg. "Buffalo Wild Wings has a publicly stated goal of growing to over 2,000 locations over the coming years, and we are excited to be a fundamental part of their future. This partnership confirms our ongoing mission of entertaining consumers in ways that bring long-term value to our merchant partners," continued Mr. Berg.
Results for the Third Quarter Ended September 30, 2013
Revenues for the third quarter of 2013 were $5.5 million compared to $6.1 million for the same period in 2012. Gross margin as a percentage of revenue decreased to 72% for the third quarter of 2013 from 75% for the same period of 2012. Direct costs remained flat at $1.5 million for the third quarter of 2013 compared to the same period of 2012.
Interim Financial Information
Condensed Consolidated Statement of Comprehensive Income
For the Six Months Ended
Notes (in thousands)
Casino 13,995,004 13,556,022
Rooms 73,529 67,315
Food and beverage 93,182 94,192
Retail and other 758,020 707,370
Operating costs and expenses
Gaming taxes and premiums 7,208,748 6,975,607
Staff costs 1,157,957 1,136,371
Other operating expenses 3 2,458,974 2,405,165
Depreciation and amortization 451,936 447,894
Property charges and other, net (6,381) 45,135
Operating profi t 3,648,501 3,414,727
Finance revenues 4 61,649 24,931
Finance costs 5 (159,192) (111,165)
Net foreign currency differences 22,528 (4,528)
Changes in fair value of interest rate swaps 129,252 20,725
Profi t before tax 3,702,738 3,344,690
Income tax expense 6 7,524 7,524
Net profi t attributable to owners of the Company 3,695,214
Nature's Sunshine Products Reports Third Quarter 2013 Financial Results
Nature's Sunshine Products, Inc. November 6, 2013 4:30 PM
•Third quarter net sales revenue growth of 1.3 percent (2.4 percent in local currency)
•Significant investment spending, resulting in lower operating income margin
•Board of Directors approved a $0.10 per share regular quarterly dividend
•Repurchased 107,722 shares of common stock
LEHI, Utah, Nov. 6, 2013 (GLOBE NEWSWIRE) -- Nature's Sunshine Products, Inc. (NATR), a leading natural health and wellness company engaged in the manufacture and direct selling of nutritional and personal care products, today reported its consolidated financial results for the third quarter ended September 30, 2013 and declared a regular quarterly cash dividend of $0.10 per share.
"We're pleased with our third quarter results which reflect continued progress across both our NSP and Synergy businesses," commented Gregory L. Probert, Chairman and Chief Executive Officer. "In addition to Synergy's record sales quarter and NSP Russia, Central and Eastern Europe's fourth consecutive quarter of year-over-year sales growth, we experienced double digit growth in Mexico.
"These improvements are the early result of our incremental investments in sales and marketing personnel, R&D and new product development, distributor training, sales incentive programs and information technology. These investments amounted to $1.3 million of additional SG&A expense in the third quarter, the majority of which is recurring and will negatively impact our near-term operating income margin. However, these essential investments position us to drive sales growth in all of our markets and to restore our operating income margin to double digits in 2015.
"In addition, we are in the early stages of a $40 million Oracle ERP implementation that will provide us with a single integrated software solution and greatly enhance our
Sentiment: Strong Buy
RLJ Entertainment Reports Financial Results for the Third Quarter Ended September 30, 2013
RLJ Entertainment, Inc. November 7, 2013 9:49 AM
SILVER SPRING, Md., Nov. 7, 2013 (GLOBE NEWSWIRE) -- RLJ Entertainment Inc., ("RLJ Entertainment" or "the Company") (RLJE), today reported results for the third quarter ended September 30, 2013. Full detail of the financial results as well as Management Discussion and Analysis, or MD&A, can be found in the Company's Form 10-Q filed with the SEC.
RLJ Entertainment is a leading creator, owner and distributor of media content across digital, broadcast and physical platforms. The Company leverages its branding expertise, access to content and direct to consumer skills to optimize the value of its programs for distinct audiences. RLJ Entertainment was formed in October 2012 through the business combination of RLJ Acquisition, Inc., Image Entertainment, Inc. and Acorn Media Group, Inc.
RLJ Entertainment is focused on driving growth through the development of interest-based entertainment services for targeted audiences in niche genres including British drama and mystery, urban, action/thriller, and fitness, by using new technologies to deliver that content to consumers.
Robert L. Johnson, Chairman of RLJ Entertainment stated, "The business continued to perform on plan this quarter and I am pleased to see the results of management's focus on driving greater efficiencies across all areas of the business. With a capital reallocation strategy that will more effectively maximize the Company's cash flow combined with strategic cost savings, the business is well positioned to execute on its strategic growth plan and to build shareholder value."
TheStreet Reports Third Quarter 2013 Results
TheStreet, Inc. November 7, 2013 4:01 PM
NEW YORK, Nov. 7, 2013 /PRNewswire/ -- TheStreet, Inc. (TST), a leading digital financial media company, today reported financial results for the third quarter of 2013. The Company reported revenue of $13.6 million, a net loss of $1.2 million and Adjusted EBITDA(1) of $261 thousand for the quarter.
The Company generated $481 thousand in operating cash flow for the nine months ended September 30, 2013, compared to a use of $5.8 million in operating cash flow for the prior year period.
Revenue for the third quarter increased 17% compared to the same period last year and 1% sequentially. Subscription Services revenue was $11.2 million for the third quarter, an increase of 25% compared to the prior year period and 4% sequentially. The increase in revenue was the result of our acquisitions of The Deal and DealFlow Media properties, completed in September 2012 and April 2013, respectively. Media revenue was $2.4 million for the third quarter, a decrease of 9% compared to the prior year period and 11% sequentially.
"TheStreet's third quarter revenue growth of 17% is our second consecutive quarter with year-over-year revenue growth and reflects the continued execution of our strategy," said Elisabeth DeMarse, Chairman, President and Chief Executive Officer. "It's a very exciting time for TheStreet. We're growing our topline, generating cash, expanding our robust M&A pipeline and investing in great products with market appeal that can dominate", concluded DeMarse.
Operating expenses in the third quarter of 2013 were $14.8 million, a decrease of 7% as compared to the prior year period. Excluding restructuring charges, operating expenses increased by $1.9 million as the result of our acquisitions.
Nathan's Famous, Inc. Reports Second Quarter Results
Nathan's Famous, Inc. 2 hours ago
JERICHO, N.Y., Nov. 8, 2013 /PRNewswire/ -- Nathan's Famous, Inc. (NATH) today reported results for the second quarter of its 2014 fiscal year that ended September 29, 2013.
For the fiscal quarter ended September 29, 2013:
•Net income was $2,648,000 as compared to $2,845,000 for the thirteen weeks ended September 23, 2012;
•Earnings per diluted share were $0.57 as compared to $0.62 for the thirteen weeks ended September 23, 2012; and
•Revenues increased by 10.8% to $23,662,000, as compared to $21,360,000 during the thirteen weeks ended September 23, 2012.
For the twenty-six weeks ended September 29, 2013:
•Net income increased by 23.7% to $6,002,000 as compared to $4,851,000 for the twenty-six weeks ended September 23, 2012;
•Earnings per diluted share increased by 22.6% to $1.30 as compared to $1.06 for the twenty-six weeks ended September 23, 2012; and
•Revenues increased by 13.3% to $47,063,000, as compared to $41,542,000 during the twenty-six weeks ended September 23, 2012.
The Company also reported the following:
•In March 2014, our new license agreement will commence with John Morrell & Co. replacing SMG, Inc. as Nathan's exclusive licensee to manufacture and sell branded hot dog, sausage and corned beef products at retail. As previously disclosed, we believe the financial terms of the John Morrell agreement are more advantageous to us compared to the financial terms of the current SMG agreement. Among those improved terms are royalties of 10.8% of net sales, compared to approximately 4.5% of net sales under the SMG agreement, as well as significant minimum annual royalty guarantees. Under the John Morrell Agreement, the minimum guarantee for the first year is $10 Million, and we believe that actual royalties should exceed the minimum.
#$%$ incorporated Reports the Hiring of Mr. Tom E. Ferguson as President and Chief Executive Officer
#$%$ incorporated Hires Mr. Tom Ferguson to Serve as President and Chief Executive Officer and elects Mr. Ferguson to Serve on #$%$ incorporated's Board of Directors
PR NewswirePress Release: #$%$ incorporated – Mon, Nov 4, 2013 4:01 PM EST..
FORT WORTH, Texas, Nov. 4, 2013 /PRNewswire/ -- #$%$ incorporated (#$%$) ("#$%$") today announced that it had reached an agreement with Mr. Tom E. Ferguson under which Mr. Ferguson will serve as President and Chief Executive Officer of #$%$ and that Mr. Ferguson has been elected to serve on #$%$'s Board of Directors. Mr. Ferguson, 57 has extensive experience in the industries in which #$%$ operates, having served as Chief Executive Officer of FlexSteel Pipeline Technologies, Inc., a provider of pipeline technology products and services, immediately prior to his employment with #$%$. Prior to serving in this position, Mr. Ferguson spent 25 years serving in various executive capacities with Flowserve Corp. (a NYSE listed company), a global provider of fluid motion and control products and services, and its affiliates. Mr. Ferguson will begin his employment with #$%$, and will become a member of #$%$'s Board of Directors, effective Monday, November 4, 2013.
Kevern Joyce, Chairman of the Board of Directors of #$%$, said "We are excited to have the opportunity to move forward with Tom Ferguson as President and CEO of #$%$. Tom will be a great asset to #$%$, as he brings significant business and leadership experience in the industries in which we operate. We feel that Tom's experience and track record in achieving business growth, both organically and through acquisitions, will be instrumental in helping our company pursue its strategic vision."
Sentiment: Strong Buy
PhotoMedex Reports Third Quarter 2013 Financial Results
Conference Call Begins Today at 11:00 a.m. Eastern Time
Business WirePress Release: PhotoMedex, Inc. – 10 hours ago..
PhotoMedex, Inc. (PHMD) today reported financial results for the three and nine months ended September 30, 2013.
Revenues for the third quarter of 2013 were $45.9 million, a decrease of 19.0% compared with revenues for the third quarter of 2012 of $56.7 million. The decline in revenues was primarily due to no consumer sales to the Company’s distributor in Japan in the third quarter of 2013 as this distributor implemented a change to its business model that affected most of the manufacturers it represents to retail channels, and determined to reduce inventory levels to mitigate investment risk during this transition. According to third-party data, no!no! product sales in Japan at the retail level during the third quarter of 2013 were comparable to the third quarter of 2012. Also contributing to the decline in revenues was the scheduling of a Home Shopping Network 24-hour event in the fourth quarter of 2013 that occurred in the third quarter of 2012. Had the revenue contributions from these two events remained at the second quarter levels, the third quarter revenues would have been approximately $13 million higher.
Management expects revenues for the fourth quarter of 2013 to be more than $55 million without any expected contribution from Japan.
Net income for the third quarter of 2013 was $0.9 million or $0.04 per diluted per share, which included $1.2 million in stock-based compensation expense and $1.6 million in depreciation and amortization expense. This compares with net income for the third quarter of 2012 of $7.5 million or $0.35 per diluted share, which included $1.5 million in stock-based compensation expense
Sentiment: Strong Buy
Lakes Entertainment Announces Results for Third Quarter 2013
Business WirePress Release: Lakes Entertainment, Inc. – 7 hours ago..
Lakes Entertainment, Inc. (LACO) today announced results for the three and nine months ended September 29, 2013.
Third Quarter Results
Net earnings for the third quarter of 2013 were $19.6 million, compared to a net loss of $1.0 million for the third quarter of 2012. Earnings from operations were $18.8 million for the third quarter of 2013 compared to a loss from operations of $2.5 million for the third quarter of 2012. Basic and diluted earnings per share were $0.74 and $0.73, respectively, for the third quarter of 2013 compared to basic and diluted losses of $0.04 per share for the third quarter of 2012.
Lakes Entertainment reported third quarter 2013 net revenues of $15.5 million, compared to prior-year third quarter net revenues of $3.6 million. Included in these amounts were net revenues of $14.1 million and $1.7 million for the third quarters of 2013 and 2012, respectively, related to the operation of the Rocky Gap Casino Resort near Cumberland, Maryland (“Rocky Gap”), which Lakes acquired on August 3, 2012 and which commenced gaming operations on May 22, 2013. Also included in net revenues were $1.4 million in management fees earned during the third quarter of 2013 compared to $1.9 million earned during the third quarter of 2012 related to the Red Hawk Casino, owned by the Shingle Springs Band of Miwok Indians (the “Tribe”), near Sacramento, California. The decrease in management fees earned during the third quarter of 2013 compared to the third quarter of 2012 was due to the August 29, 2013, termination of the management agreement between Lakes and the Tribe for the management of the Red Hawk Casino which resulted in only two months of management
Sentiment: Strong Buy
Entertainment Gaming Asia Inc. Reports Third Quarter 2013 Results and Provides Market Update
Business WirePress Release: Entertainment Gaming Asia Inc. – 12 hours ago..
Entertainment Gaming Asia Inc. (EGT) (“Entertainment Gaming Asia” or “the Company”), a leading gaming company focused on emerging gaming markets in Pan-Asia, today reported operating results for the third quarter ended September 30, 2013 and reviewed recent corporate progress.
• Total consolidated revenue of $5.7 million for the third quarter of 2013
• Total revenue from gaming operations of $4.5 million for the third quarter of 2013
• Average consolidated win per unit per day (WUD) from slot operations of $108 for the third quarter of 2013
• Revenue from gaming products of $1.1 million for the third quarter of 2013
• Adjusted EBITDA (earnings from continuing operations before interest, taxes, depreciation, amortization and non-cash charges) of $1.8 million for the third quarter of 2013
• Net loss of $309,000 for the third quarter of 2013
• Cash balance of $4.6 million and zero debt as of September 30, 2013
• Dreamworld Poipet achieved positive EBITDA for the third quarter of 2013
• Dolphin gaming chips and plaques current order pipeline of approximately $1.3 million in revenue
Clarence Chung, Chairman and Chief Executive Officer of Entertainment Gaming Asia, commented, “Gaming operations revenue improved slightly for the third quarter compared to the prior year period due to incremental revenue contribution from Dreamworld Poipet and improvement in Dreamworld Pailin, which offset declines in other slot operations.
Sentiment: Strong Buy
Psychemedics Corporation Announces Earnings Up 20% And Top Revenue Quarter
DECLARES 69th CONSECUTIVE QUARTERLY DIVIDEND
PR NewswirePress Release: Psychemedics Corporation – Mon, Oct 28, 2013 11:56 AM EDT..
ACTON, Mass., Oct. 28, 2013 /PRNewswire/ -- Psychemedics Corporation (PMD) today announced third quarter financial results for the period ended September 30, 2013. The Company also announced a quarterly dividend of $0.15 per share payable to shareholders of record as of November 11, 2013 to be paid on November 22, 2013. This will be the Company's 69th consecutive quarterly dividend.
The Company's revenue for the quarter ended September 30, 2013 was $7.1 million versus $6.5 million for the quarter ended September 30, 2012, an increase of 9%. Net income for the quarter ended September 30, 2013 was $1.05 million or $0.20 per diluted share, versus $878 thousand or $0.17 per diluted share, for the comparable period last year, an increase of 20%. The Company's revenue for the nine months ended September 30, 2013 was $20.4 million versus $19.6 million for the nine months ended September 30, 2012, an increase of 4%. Net income for the nine months ended September 30, 2013 was $2.9 million or $0.55 per diluted share, versus $2.7 million or $0.51 per diluted share, for the comparable period last year, an increase of 9%.
Raymond C. Kubacki, Chairman and Chief Executive Officer, said,
"We are very pleased to report a 20% growth in earnings for the quarter. In addition, we achieved record sales for the second quarter in a row. Our new business growth continues to be robust, coming from several different industry segments. In addition, the pre-tax margins were strong at 25%.
"We continue to have a strong balance sheet with more than $2.8 million in cash and cash equivalents as of September 30, 2013 with no long term debt, despite heavy investment.
TrueBlue Reports 2013 Third Quarter Results
Business WirePress Release: TrueBlue, Inc. – Wed, Oct 23, 2013 4:05 PM EDT..
TrueBlue, Inc. (TBI) today reported revenue for the third quarter of 2013 of $451 million, an increase of 19 percent compared to revenue of $379 million for the third quarter of 2012. Net income for the quarter was $19.0 million or $0.47 per diluted share, compared to net income of $14.3 million or $0.36 per diluted share for the third quarter of 2012. Excluding non-recurring transaction costs associated with acquisitions, net income per diluted share for the third quarter was $0.48.*
“This quarter’s results reflect the successful execution of our growth strategies, which include blending strong organic growth with acquisitions that increase our share of the blue-collar job market,” TrueBlue CEO Steve Cooper said. “In addition to the strong organic revenue growth we have achieved so far this year, the acquisitions we closed in 2013 will add approximately $300 million of go-forward annual revenue.”
TrueBlue completed its acquisition of The Work Connection at the beginning of the fourth quarter. The addition of The Work Connection expands the range and reach of TrueBlue’s light industrial staffing business.
“We are encouraged by the strong demand for our services and believe there are opportunities ahead to pursue additional acquisitions that fit our strategies and enhance our ability to serve our customers,” Cooper added.
TrueBlue estimates revenue in the range of $430 million to $440 million and net income per diluted share of $0.30 to $0.35 for the fourth quarter of 2013.
Sentiment: Strong Buy
Travelzoo Inc. Announces Plans to Execute Reverse/Forward Stock Split
Business WirePress Release: Travelzoo Inc. – Thu, Oct 31, 2013 6:15 PM EDT..
Travelzoo Inc. (TZOO), a global Internet media company, today announced that the Company intends to execute the shareholder approved reverse/forward stock split during the second or third week of November, subject to receiving an updated fairness opinion from an independent financial advisor and final approval by the Special Committee of its Board of Directors.
As previously disclosed on June 11, 2013, Travelzoo had formed a Special Committee of its Board of Directors, consisting of three independent directors, to evaluate a reverse/forward stock split transaction, which has since been approved by shareholders at the Company’s annual shareholder meeting. The proposed reverse/forward stock split transaction consists of a 1-for-25 reverse stock split of the Company's outstanding common stock, followed immediately by a 25-for-1 forward stock split (collectively referred to as the “reverse/forward split”). A description of the terms and conditions of the reverse/forward split was set forth in Travelzoo’s definitive Proxy Statement for the 2013 annual shareholders meeting filed with the US Securities and Exchange Commission on July 25, 2013. On September 12, 2013, at the Company’s annual shareholders meeting, Travelzoo shareholders voted in favor of the reverse/forward split, with the transaction receiving the votes of both (A) a majority of the issued and outstanding shares of common stock and (B) a majority of the issued and outstanding shares of common stock that are not held or controlled, directly or indirectly, by directors or officers of the Company, including, without limitation, the shares held by Azzurro Capital Inc., our principal stockholder.
Sentiment: Strong Buy
The "Street" has LGF coming in at -.02 for the quarter that should be reported on or about November 08, 2013! All post's welcome! The "Good Dr's In"!
Sentiment: Strong Buy
PhotoMedex Reports Second Quarter 2013 Financial Results
Net Income Up 68%, Diluted EPS Up 70%, XTRAC Revenues Up 104%
Gross Margin Expands in all Business Segments
Board Authorizes Additional $30 Million Share Repurchase Program
Business WirePress Release: PhotoMedex, Inc. – Wed, Aug 7, 2013 8:30 AM EDT..
PhotoMedex, Inc. (PHMD) today reported financial results for the three and six months ended June 30, 2013. Financial highlights of the 2013 second quarter and first half include:
• First half 2013 revenues of $115.3 million, an increase of 5.6% compared with the prior-year first half, net income of $14.3 million, an increase of 57.7%, and diluted EPS of $0.68, an increase of 51.1%
• Second quarter 2013 revenues of $58.1 million, a decrease of 1.4% compared with the prior-year second quarter and an increase of 1.5% sequentially
• XTRAC® treatment revenues of $4.0 million, an increase of 103.5% compared with the prior-year second quarter and an increase of 56.6% sequentially
• XTRAC® recurring revenue U.S. installed base of 446 at quarter end, an increase of 45 placements during the quarter, including 22 on the Comeback program of previously sold systems
• NEOVA® skin care revenues of $3.1 million, including $1.0 million of NEOVA® consumer revenues, an increase of 42.1% compared with the prior-year second quarter and an increase of 7.8% sequentially
• Consumer revenues of $48.7 million, a decrease of 3.5% compared with the prior-year second quarter and a decrease of 0.8% sequentially
• Direct-to-consumer channel revenues of $30.3 million, a decrease of 10.0% compared with the prior-year second quarter and a decrease of 4.4% sequentially
Sentiment: Strong Buy