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drmicrocaps 107 posts  |  Last Activity: 8 hours ago Member since: Jan 19, 2011
  • drmicrocaps by drmicrocaps Feb 3, 2014 9:14 PM Flag

    DENTSPLY International Reports Record Third Quarter 2013 Results
    Thomson Reuters ONE DENTSPLY International Inc.
    October 29, 2013 7:02 AM


    Third quarter adjusted earnings per diluted share increased 12% to $0.57 compared to $0.51
    Adjusted operating margin expanded 60 basis points to 17.9% from 17.3% in the prior year third quarter
    Operating cash flow improved by 31% to $126 million for the third quarter and grew 28% to $258 million through nine months
    York, PA - October 29, 2013 - DENTSPLY International Inc. (XRAY) today announced record sales and earnings for the three months ended September 30, 2013.

    Net sales in the third quarter of 2013 grew 1.2% to $704.0 million compared to $695.7 million in the third quarter of 2012. Excluding precious metals content, net sales in the third quarter of 2013 of $669.4 million grew 3.4% from $647.1 million in the third quarter of 2012. Constant currency net sales growth, excluding precious metals content, in the third quarter was 2.7%, reflecting strong internal growth in the U.S. and Rest of World geographic regions and continued slightly positive internal growth in Europe.

    Net income attributable to DENTSPLY International for the third quarter of 2013 was $79.9 million, or $0.55 per diluted share, compared to $53.4 million, or $0.37 per diluted share in the third quarter of 2012. On an adjusted basis, excluding certain items, earnings grew 12% to $0.57 per diluted share for the third quarter of 2013 from $0.51 in the same period in 2012. A reconciliation of the US GAAP measure to earnings per share calculated on a non-US GAAP basis is provided in the attached table.

    DENTSPLY`s Chairman and Chief Executive Officer Bret Wise commented, "DENTSPLY made solid progress in the third quarter, achieving growth in each major geographic region and in each of our principal product categories.

    Sentiment: Hold

  • drmicrocaps by drmicrocaps Feb 3, 2014 5:58 PM Flag

    SIFCO Industries, Inc. (“SIFCO”) Announces First Quarter Fiscal 2014 Financial Results
    Business Wire SIFCO Industries, Inc.
    8 hours ago
    CLEVELAND--(BUSINESS WIRE)--

    SIFCO Industries, Inc. (NYSE MKT: SIF) today announced financial results for its first quarter fiscal year 2014, which ended December 31, 2013.

    First Quarter

    Net sales from continuing operations in first quarter fiscal 2014 decreased 2.9% to $26.7 million, compared to $27.4 million in first quarter fiscal 2013.
    Income from continuing operations before income tax provision in first quarter fiscal 2014 was $1.6 million compared with $1.9 million in first quarter fiscal 2013.
    Net income from continuing operations for first quarter fiscal 2014 was $1.2 million, or $0.21 per diluted share, compared with net income of $1.2 million, or $0.22 per diluted share, in first quarter fiscal 2013.
    CEO Michael S. Lipscomb stated, "SIFCO’s year-over-year sales for its continuing businesses show strong aerospace component sales and weaker energy component sales during the quarter. We foresee strong aerospace sales volume and recovering energy markets as our customers introduce new products. Overall, SIFCO is well positioned for the remaining quarters in fiscal 2014.”

    Forward-Looking Language

    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. Potential risks and uncertainties include, but are not limited to, economic conditions, competition and other uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings.

    Sentiment: Strong Buy

  • Reply to

    News

    by drmicrocaps Sep 27, 2013 10:27 PM
    drmicrocaps drmicrocaps Feb 1, 2014 10:20 AM Flag

    KKR Finalizes Strategic Investment in WMI Holdings Corp.
    PR Newswire WMI Holdings Corp.
    SEATTLE, Jan. 31, 2014 /PRNewswire/ -- WMI Holdings Corp. (WMIH) ("WMI" or the "Company") today announced that KKR Management Holdings L.P. and KKR Fund Holdings L.P., subsidiaries of KKR & Co. L.P. (together with its affiliates, "KKR"), have finalized a strategic investment in the Company.

    Michael Willingham, Chairman of the Company said, "We believe the investment in our Company by KKR will enhance value for all shareholders of WMI Holdings. KKR has a history of investing across a wide range of asset classes and we look forward to working with the KKR team as we execute on our acquisition strategy."

    Tagar Olson, Member and Head of KKR's Financial Services team stated, "We are pleased to finalize this investment and look forward to working with the Company as it continues to grow and diversify its platform. As a long-term aligned capital partner to the Company, we believe that KKR is well-positioned to help build shareholder value."

    On January 30, 2014, KKR (i) purchased approximately $11 million face amount of convertible preferred stock of the Company convertible into shares of common stock of the Company for a conversion price of $1.10 per share, and (ii) committed to purchase up to $150 million aggregate principal amount of subordinated 7.5% PIK notes, which may be issued in one or more tranches over a three year period, each with a seven year term from the date of initial issuance (the "Subordinated Notes"), subject to certain terms and conditions. Substantially all of the proceeds from the Subordinated Notes, if and when issued, would be used by the Company to fund future acquisitions. In connection with the commitment, KKR has received five-year warrants to purchase approximately 61.4 million shares of the Company's common stock, 30.7 million of which has an exercise price of $1.32 per share and 30.7 million of which has an exercise price of $1.43 per

    Sentiment: Strong Buy

  • Reply to

    Whisper Number

    by drmicrocaps Jan 29, 2014 11:30 PM
    drmicrocaps drmicrocaps Jan 31, 2014 4:43 PM Flag

    Wynn Resorts Ltd. (WYNN) -NasdaqGS  Follow
    217.42 Up 15.91(7.90%) 4:00PM EST|After Hours : 217.42 0.00 (0.00%) 4:24PM EST

    Sentiment: Hold

  • Reply to

    "Whisper Number"

    by drmicrocaps Oct 23, 2012 2:47 PM
    drmicrocaps drmicrocaps Jan 31, 2014 9:26 AM Flag

    below consensus) (NWL) : Reports Q4 (Dec) earnings of $0.47 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.46; revenues rose 3.0% year/year to $1.49 bln vs the $1.48 bln consensus.

    Core sales, which exclude the impact of changes in foreign currency, grew 4.4 percent. Normalized operating margin of 12.2 percent consistent with the prior year period. Reported operating margin increased 20 basis points. Gross margin was 37.4 percent. Positive pricing and productivity were offset by input cost inflation and less favorable mix due largely to very strong sales growth in Baby & Parenting.

    Co issues guidance for FY14, sees EPS of $1.94-2.00 vs. $2.00 Capital IQ Consensus Estimate; core sales +3-4%.

    Sentiment: Buy

  • Reply to

    4th Quarterand year-end Reults

    by drmicrocaps Jan 31, 2011 6:18 AM
    drmicrocaps drmicrocaps Jan 31, 2014 9:08 AM Flag

    Newell Rubbermaid Announces Strong Fourth Quarter Results
    GlobeNewswire Newell Rubbermaid
    2 hours ago
    Core Sales Growth of 4.4% and Normalized EPS of $0.47, up +9.3%

    Reported Sales Growth of 2.9% and Reported EPS of $0.41, up +17.1%

    ATLANTA, Jan. 31, 2014 (GLOBE NEWSWIRE) -- Newell Rubbermaid ( NWL ) today announced its fourth quarter 2013 financial results.

    "We achieved a strong set of fourth quarter 2013 results, including the best quarterly core sales growth rate in years," Michael Polk, President and Chief Executive Officer, commented. "Our core sales grew 4.4 percent with broad based increases across all four regions and four of our five operating segments: Baby & Parenting, Commercial Products, Tools, and Writing. Our strong topline growth was driven by innovation, new distribution, and increased advertising that was fueled by overhead reductions related to Project Renewal. The topline growth, combined with solid operating margins, drove normalized EPS growth of more than nine percent to $0.47.

    "2013 was a year of great progress for Newell Rubbermaid," continued Polk. "We transformed our company's structure from a holding company of nine individual global business units to an operating company where our five business segments leverage a set of strong functional capabilities organized and led across Newell Rubbermaid as a whole. This new operating model has realigned resources from structural overhead to investment in our brands and key capabilities: marketing and insight, design, customer development and our new global supply chain.

    "As we press forward in 2014, we will drive our new operating model to speed while continuing to invest in our brands, our capabilities and our people. We remain clear that there is more work to do and there continues to be much more opportunity in front of us as we transform Newell Rubbermaid into a larger, faster growing, more profitable, and more global company."

    Sentiment: Buy

  • Utah Medical Products, Inc. Reports Financial Performance for Fourth Quarter and Year 2013
    GlobeNewswire Utah Medical Products, Inc.
    14 hours ago
    SALT LAKE CITY, Jan. 30, 2014 (GLOBE NEWSWIRE) -- Utah Medical Products, Inc. (UTMD) concluded another excellent financial year in 2013 under difficult conditions. The results according to Generally Accepted Accounting Principles in the U.S. (US GAAP) are clouded somewhat by a favorable adjustment to UTMD's tax provision, as explained below.

    In the fourth calendar quarter (4Q) 2013 and year of 2013, UTMD's changes in U.S. GAAP financial results compared to the same time period in the prior calendar year were as follows:

    4Q Year

    (October -- December) (January -- December)
    Sales: +3% (3%)
    Gross Profit: -- (4%)
    Operating Income: -- (2%)
    Net Income: +54% +12%
    Earnings Per Share: +51% +10%
    US GAAP earnings per share (EPS) for the 2013 calendar year were $3.02. Year 2012 EPS were $2.74.

    Excluding the noncash effects of depreciation, amortization of intangible assets and non-cash stock option expense and asset impairment expense, 2013 consolidated earnings before taxes plus interest expense were $18,136 compared to $18,703 in 2012. Currency amounts in this report are in thousands, except per share amounts and where noted.

    As shareholders likely remember, in March 2011 UTMD acquired 100% of the stock of Femcare Holdings Limited in the UK, and its subsidiaries. Included in the purchase price were identifiable intangible assets (IIA) of $38.8 million, almost all of which are being amortized over a fifteen year useful life in operating expenses. This approximately $2.5 million per year amortization expense reduces the income statement tax provision, but is not deductible on the tax return.

    Sentiment: Hold

  • Reply to

    Question About WYNMY and WYNMF

    by cidenver Dec 30, 2013 7:43 PM
    drmicrocaps drmicrocaps Jan 30, 2014 10:31 PM Flag

    Both are ADRS just a different Class of Common stock.

    Sentiment: Hold

  • Reply to

    4th Quarter and year end results

    by drmicrocaps Feb 3, 2013 9:15 PM
    drmicrocaps drmicrocaps Jan 30, 2014 9:47 PM Flag

    Wynn Macau Earnings Beat Estimates on Margin Improvement
    By Vinicy Chan Jan 30, 2014 1:21 PM PT 0 Comments Email Print
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    Wynn Macau Ltd. (1128) profit rose 32 percent in the fourth quarter as billionaire Steve Wynn’s casino operator raised margins by attracting more premium mass-market gamblers.

    Adjusted property earnings before interest, taxes, depreciation and amortization, or Ebitda, rose to $374.2 million from $283.2 million a year earlier, according to a statement by parent company Wynn Resorts Ltd. (WYNN) dated Jan. 30. That surpassed the $343.3 million average of 10 analyst estimates compiled by Bloomberg. Net revenue jumped 25 percent to $1.12 billion.

    Wynn Macau “gained mass market share as it converted 12 to 13 VIP gaming tables to mass in mid-October,” Karen Tang, a Hong Kong-based analyst at Deutsche Bank AG, wrote in a research note published Jan. 27.

    Bigger rivals including Sands China Ltd. (1928) and Galaxy Entertainment Group Ltd. (27) have been adding shops, restaurants and entertainment shows to lure the mass and premium mass market gamblers who bet in cash and provide fatter margins because they don’t rely on junket operators to bring them to Macau.

    Wynn’s premium-mass segment could grow further in 2014 after the company renovates the Wynn Hotel tower, Praveen Choudhary, a Hong Kong-based Morgan Stanley analyst, wrote in a research note dated Jan. 7.


    Photographer: Lam Yik Fei/Bloomberg
    Vehicles drive past the Wynn Macau casino resort, operated by Wynn Resorts Ltd., in Macau, China.
    Junket Operators

    Casino revenue in Macau, the only place in China where casinos are legal, jumped 19 percent to $45 billion last year, with about two-thirds of the revenue coming from high-stake bettors from mainland China whose gambling trips are arranged by junket operators.

    Sentiment: Buy

  • Reply to

    "Whipser Number"

    by drmicrocaps Oct 19, 2013 12:43 PM
    drmicrocaps drmicrocaps Jan 30, 2014 9:37 PM Flag

    Wynn Resorts Earnings Beat Estimates as Macau Revenue Surges
    By Christopher Palmeri Jan 30, 2014 4:44 PM PT 0 Comments Email Print
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    * Price chart for WYNN RESORTS LTD. Click flags for important stories.
    WYNN:US201.517.64 3.94%
    Wynn Resorts Ltd. (WYNN), the casino company controlled by billionaire Steve Wynn, reported fourth-quarter earnings that beat analysts’ estimates as revenue in Macau surged. The shares rose in extended trading.

    Profit increased to $2.27 a share, excluding items, compared with the $1.75 average of 22 analysts’ estimates compiled by Bloomberg. Revenue gained 18 percent to $1.52 billion, the Las Vegas-based company said in a statement today. Analysts on average had projected $1.44 billion.

    “Results were primarily driven by strong mass market revenues in Macau, which we view favorably, given that it is a more stable and higher-margin business,” said John Kempf, an RBC Capital Markets LLC analyst in a research note today.

    Sales in Macau, Wynn Resorts’ biggest market, rose 25 percent to $1.12 billion in the quarter. Gambling industry revenue in the enclave, the only part of China where casinos are legal, increased 24 percent in the fourth quarter to $12.5 billion, according to the Gaming Inspection and Coordination Bureau there.

    The company’s Las Vegas business posted a 2.4 percent gain in revenue to $400 million. It benefited from higher room rates and an increase in convention business, Wynn said on a conference call today. Results in that market in 2014 would be equal or better, he said.

    ‘Very Satisfying’

    Net income rose to $213.9 million, or $2.10 a share, from $111.4 million, or $1.10, a year earlier.

    “The numbers speak for themselves,” Wynn, 72, said. “For two hotels to have cash flow of $1.8 billion and change is very satisfying.”

    Sentiment: Hold

  • drmicrocaps by drmicrocaps Jan 30, 2014 9:34 PM Flag

    The "Street has WTT coming in at .046 for the 4th quarter that should be reported on or about March 30, 2014! All post's welcome! The "Good Dr's In"!

    Sentiment: Hold

  • drmicrocaps by drmicrocaps Jan 30, 2014 8:00 PM Flag

    Wynn Palace Project in Macau

    The Company is currently constructing Wynn Palace, a full-scale integrated resort containing a 1,700-room hotel, performance lake, meeting space, casino, spa, retail offerings, and food and beverage outlets on Cotai in Macau. In July 2013, we signed a $2.6 billion guaranteed maximum price (GMP) contract for the project’s construction. The total project budget, including construction costs, capitalized interest, pre-opening expenses, land costs and financing fees, is $4.0 billion. We expect to open our resort on Cotai in the first half of 2016.

    During the fourth quarter of 2013, we invested approximately $184.9 million in our Cotai project, taking the total investment to date to $704 million.

    Sentiment: Hold

  • Reply to

    Bullish Article?

    by drmicrocaps Apr 30, 2011 4:32 PM
    drmicrocaps drmicrocaps Jan 30, 2014 7:47 PM Flag

    Wynn Palace Project in Macau

    The Company is currently constructing Wynn Palace, a full-scale integrated resort containing a 1,700-room hotel, performance lake, meeting space, casino, spa, retail offerings, and food and beverage outlets on Cotai in Macau. In July 2013, we signed a $2.6 billion guaranteed maximum price (GMP) contract for the project’s construction. The total project budget, including construction costs, capitalized interest, pre-opening expenses, land costs and financing fees, is $4.0 billion. We expect to open our resort on Cotai in the first half of 2016.

    During the fourth quarter of 2013, we invested approximately $184.9 million in our Cotai project, taking the total investment to date to $704 million.

    Sentiment: Buy

  • Reply to

    4th Quarter and year-end results

    by drmicrocaps Jan 31, 2013 5:10 PM
    drmicrocaps drmicrocaps Jan 30, 2014 6:42 PM Flag

    Wynn Resorts, Limited Reports Fourth Quarter and Year End 2013 Results
    Business Wire Wynn Resorts, Limited
    2 hours ago
    LAS VEGAS--(BUSINESS WIRE)--

    Wynn Resorts, Limited (WYNN) today reported financial results for the fourth quarter and year ended December 31, 2013.

    Net revenues for the fourth quarter of 2013 were $1,519.9 million, compared to $1,289.1 million in the fourth quarter of 2012. The growth was driven by a 24.6% revenue increase from our Macau operations and 2.4% higher net revenues from our Las Vegas operations. Adjusted property EBITDA (1) was $498.4 million for the fourth quarter of 2013, a 25.1% increase from $398.5 million in the fourth quarter of 2012.

    For the full year, net revenues were $5,620.9 million in 2013, up 9.1% from $5,154.3 million in 2012. Adjusted property EBITDA grew 14.9% to reach an annual record of $1,810.8 million in 2013, a result of record annual performances at both Wynn Macau and Wynn Las Vegas. For 2013, adjusted property EBITDA at Wynn Macau rose 13.4% to $1,324.1 million and increased 19.1% to $486.7 million at Wynn Las Vegas.

    On a US GAAP basis, net income attributable to Wynn Resorts for the fourth quarter of 2013 was $213.9 million, or $2.10 per diluted share, compared to a net income attributable to Wynn Resorts of $111.4 million, or $1.10 per diluted share, in the fourth quarter of 2012. Such figures for the full year were $728.7 million, or $7.17 per diluted share, in 2013 and $502.0 million, or $4.82 per diluted share, in 2012.

    Adjusted net income attributable to Wynn Resorts (2) in the fourth quarter of 2013 was $231.2 million, or $2.27 per diluted share (adjusted EPS), compared to an adjusted net income attributable to Wynn Resorts of $118.2 million, or $1.17 per diluted share, in the fourth quarter of 2012. For the full year, adjusted net income attributable to Wynn Resorts rose significantly in 2013 to $776.8 million, or $7.64 per diluted share.

    Sentiment: Hold

  • drmicrocaps by drmicrocaps Jan 29, 2014 11:30 PM Flag

    The "Street has WYNN coming in at 1.76 for the 4th quarter that should be reported on or about January 30, 2014! All post's welcome! The "Good Dr's In"!

    Sentiment: Buy

  • Reply to

    "Whipser Number"

    by drmicrocaps Oct 19, 2013 12:43 PM
    drmicrocaps drmicrocaps Jan 29, 2014 9:59 PM Flag

    he "Street has WYNN coming in at 1.76 for the 4th quarter that should be reported on or about January 30, 2014! All post's welcome! The "Good Dr's In"!

    Sentiment: Hold

  • Wynn Resorts Announces Fourth Quarter Earnings Release Date
    Business Wire Wynn Resorts, Limited
    January 28, 2014 4:05 PM

    LAS VEGAS--(BUSINESS WIRE)--

    Wynn Resorts, Limited (WYNN) announced today that it will release the Company’s financial results for the fourth quarter and year ended December 31, 2013 after the market close on Thursday, January 30, 2014, followed by a conference call at 1:30 p.m. PT (4:30 p.m. ET).

    The call will be broadcast live at “Company Information” section. Interested parties may also dial (855) 415-3151 or, for international callers, (706) 643-0974. The conference call ID is 36406973.

    A replay of the call will be available through February 13, 2014 by dialing (855) 859-2056 or, for international callers, (404) 537-3406. The replay access code is 36406973.

    Contact:
    Wynn Resorts, Limited
    Lewis Fanger, 702-770-7555
    Vice President

    Sentiment: Hold

  • Reply to

    4th Quarter and year-end Reults

    by drmicrocaps Feb 3, 2011 12:50 AM
    drmicrocaps drmicrocaps Jan 29, 2014 9:29 AM Flag

    Tupperware Brands Reports Record Fourth Quarter and Full Year Results; Raises Quarterly Dividend 10%
    -- Fourth quarter sales up 1% in U.S. dollars and 5% local currency+ versus last year.
    -- GAAP diluted E.P.S. $1.74, versus $1.34 last year. Adjusted*, diluted E.P.S. $1.81, up 12% in local currency.
    -- Full year cash flow before investing activities $263 million, up 13% versus last year.
    -- Share repurchases of $75 million / 832 thousand shares.
    -- Board of Directors declares a 10% higher quarterly dividend of 68 cents per share, $2.72 annual run rate.
    PR Newswire Tupperware Brands Corporation
    2 hours ago
    ORLANDO, Fla., Jan. 29, 2014 /PRNewswire/ -- (TUP) Tupperware Brands Corporation today announced record fourth quarter and full year 2013 operating results.

    Rick Goings, Chairman and CEO, commented, "We continued to deliver steady top line growth in the quarter. Focusing on our sales force remains our top priority, as increasing its size is key to delivering consistent growth in our business. We had a meaningful sequential increase in total sellers in the quarter, closing the year with 2.9 million worldwide, a 4% increase over the end of 2012. Worldwide, our local management teams have the expertise to drive strategic initiatives in their business units in order to motivate our sales force, and we achieved a sequential improvement as well in the active seller comparison in the quarter. Even with challenging environmental conditions and macro-economic factors in several of our emerging markets, as a group, these markets delivered solid sales growth in local currency, being up 12% over last year. An integral part of our "And" story, our established markets, while down in total, improved sequentially versus the prior quarter, and several of these markets reported growth as key strategies caught hold."

    Goings continued, "As we look to 2014, we remain focused on providing a good return to our investors

    Sentiment: Hold

  • Reply to

    4th Quarter and Year-end results

    by drmicrocaps Feb 4, 2013 2:15 PM
    drmicrocaps drmicrocaps Jan 28, 2014 6:12 PM Flag

    Yahoo Reports Fourth Quarter and Full Year 2013 Results
    Business Wire Yahoo! Inc.
    1 hour ago
    SUNNYVALE, Calif.--(BUSINESS WIRE)--

    Yahoo! Inc. (YHOO) today reported results for the fourth quarter and full year ended December 31, 2013.

    Q4 2012 Q4 2013
    Percent
    Change
    GAAP revenue $1,346 million $1,266 million
    (6)%
    Revenue ex-TAC $1,221 million $1,200 million (2)%
    GAAP income from operations $190 million $174 million (8)%
    Non-GAAP income from operations $340 million $330 million (3)%
    GAAP net earnings per diluted share $0.23 $0.33 40%
    Non-GAAP net earnings per diluted share $0.35 $0.46 31%

    Full Year 2012
    Full Year 2013
    Percent
    Change
    GAAP revenue
    $4,987 million
    $4,680 million
    (6)%
    Revenue ex-TAC
    $4,468 million
    $4,426 million
    (1)%
    GAAP income from operations
    $566 million
    $590 million
    4%
    Non-GAAP income from operations
    $1,049 million
    $935 million
    (11)%
    GAAP net earnings per diluted share
    $3.28
    $1.26
    (62)%
    Non-GAAP net earnings per diluted share
    $1.31
    $1.52
    16%

    "I'm encouraged by Yahoo's performance in Q4 and 2013 overall. We saw continued stability in the business, and our investments allowed us to bring beautiful products to our users and establish a strong foundation for revenue growth," said Yahoo CEO Marissa Mayer. "In Q4, we launched the new Yahoo Mail, Yahoo Finance, and our new Flickr photo books, while quickening our pace of experimentation. We are extremely heartened by the year-over-year traffic increase we experienced in 2013, an early sign of return on our investments and the acquisitions we’ve made."

    GAAP revenue was $1,266 million for the fourth quarter of 2013, a 6 percent decrease from the fourth quarter of 2012. Revenue excluding traffic acquisition costs (“revenue ex-TAC”) was $1,200 million for the fourth quarter of 2013, a 2 percent decrease compared to the fourth quarter of 2012. GAAP revenue was $4,680 million for the full year of 2013, a 6 percent decrease compared to the prior year.

    Sentiment: Hold

  • Reply to

    "Whisper Number"

    by drmicrocaps Oct 23, 2012 2:47 PM
    drmicrocaps drmicrocaps Jan 28, 2014 5:59 PM Flag

    Newell Rubbermaid (NWL) Likely to Beat Earnings?
    Zacks By Zacks Equity Research
    8 hours ago

    We expect Newell Rubbermaid Inc. (NWL), the producer of Sharpie pens and Rubbermaid containers, to beat expectations when it reports fourth-quarter 2013 results before the market opens on Jan 31.

    Why a Likely Positive Surprise?

    Our proven model shows that Newell Rubbermaid may beat earnings because it has the right combination of 2 key components.

    Positive Zacks ESP: Newell Rubbermaid currently has an Earnings ESP of +2.17%. This is because the Most Accurate estimate stands at 47 cents per share, while the Zacks Consensus Estimate is pegged at 46 cents.

    Zacks #3 Rank (Hold): Note that stocks with a Zacks Rank #1, 2 and 3 have a higher chance of beating earnings. The Sell rated stocks (#4 and 5) should never be considered going into an earnings announcement.

    The combination of Newell Rubbermaid’s Zacks Rank #3 (Hold) and Earnings ESP of +2.17% makes us confident of a positive earnings beat on Jan 31.

    What is Driving Better-than-Expected Earnings?

    Newell Rubbermaid is one of the leading manufacturers of home and office products in the U.S. The company continues to progress well with its ‘Growth Game Plan’ strategy announced in Oct 2012, under which it has sold its hardware and Teach Platform businesses. Under the ‘Growth Game Plan’ strategy, the company intends to lay off approximately 10% of the workforce, build a new organizational model as well as leadership team. We believe that the overall growth plan will help Newell Rubbermaid reduce the complexities of the organization, boost customer services and sourcing functions as well as increase investments in the core business areas.

    Further, we believe that Newell’s Project Renewal program will help reduce operating costs and the complexities of the organization, while increasing investments in the most important growth areas within the business.

    Newell has topped the Zacks Consensus Estimate for the past several yea

    Sentiment: Buy

EGT
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