NEW YORK, November 5, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Microchip Technology Inc. (NASDAQ: MCHP), Trimble Navigation Limited (NASDAQ: TRMB), Automatic Data Processing, Inc. (NASDAQ: ADP), Nokia Corporation (NYSE: NOK) and Motorola Solutions, Inc. (NYSE: MSI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7700-100free.
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Microchip Technology Inc. Research Reports
On October 30, 2014, Microchip Technology Inc. (Microchip) announced its Q2 FY 2015 financial results (period ended September 30, 2014). Microchip's net sales during the quarter were $546.2 million, up 3.3% QoQ and 10.9% YoY. Excluding the ISSC acquisition impact, the Company's net sales during the quarter fell 0.4% compared to the net sales in June 2014 quarter. Net income attributable to Microchip also declined to $93.6 million, or $0.42 per diluted share, from $99.8 million, or $0.46 per diluted share, in Q2 FY 2014. On an adjusted basis, Microchip earned $0.67 per share for the quarter, up from $0.63 per share in Q2 FY 2014 and in-line with the Reuters' consensus estimates. "We were disappointed with the level of business activity in the September quarter," said Steve Sanghi, President and CEO. "The month of September is usually a strong month for our revenue after the summer holiday period. This time, the September sales did not materialize to our expectations leading us to pre-announce our net sales for the quarter on October 9, 2014." The full research reports on Microchip are available to download free of charge at:
http://www.analystsreview.com/Nov-05-2014/MCHP/report.pdf
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Trimble Navigation Limited Research Reports
On October 30, 2014, Trimble Navigation Limited (Trimble) announced its Q3 2014 financial results. The Company's total revenues during the quarter increased 5.1% YoY to $584.8 million. However, net income attributable to Trimble fell sharply to $11.8 million, or $0.04 per diluted share, from $54.5 million, or $0.21 per diluted share, in Q3 2013. On non-GAAP basis, Trimble's diluted EPS declined to $0.33 from $0.39 in Q3 2013. Trimble said that its GAAP and non-GAAP Q3 2014 profitability were negatively impacted by third quarter acquisitions, including the impact of non-cash write downs on pre-acquisition deferred revenue. In addition, GAAP results were also negatively impacted by a $52 million reserve for legal matters. "While we recorded a year-over-year increase in revenue, the quarter was unimpressive. Our results in agriculture and Europe were both weaker than we originally anticipated," said Steven W. Berglund, Trimble's President and CEO. Steven also added that Q4 2014 will also be challenging as compared to the year ago period. Shares fell 11.73% to close at $26.86 on October 31, 2014. The full research reports on Trimble are available to download free of charge at:
http://www.analystsreview.com/Nov-05-2014/TRMB/report.pdf
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Automatic Data Processing, Inc. Research Reports
On October 29, 2014, Automatic Data Processing, Inc. (ADP) announced its Q1 FY 2015 financial results (period ended September 30, 2014). ADP's revenue during the quarter increased 9.0% YoY to $2.6 billion, driven by net new recurring revenues from ADP's HCM solutions, combined with an increase in worksite employees served by ADP's Professional Employer Organization (PEO). Net income of the Company declined to $295.2 million, or $0.61 per diluted share, from $328.6 million, or $0.68 per diluted share, in Q1 FY 2014. On average, analysts polled by Reuters expected the Company's net income to drop to $0.60 per share in Q1 FY 2015. ADP has also updated its FY 2015 guidance to reflect the spin-off of its Dealer Services business. ADP now expects full-year FY 2015 revenue growth of 7% to 8% YoY, and diluted EPS growth from continuing operations in range of 12% to 14% YoY. The full research reports on ADP are available to download free of charge at:
http://www.analystsreview.com/Nov-05-2014/ADP/report.pdf
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Nokia Corporation Research Reports
On October 31, 2014, Nokia Corporation (Nokia) informed that a total of 10,628 shares of the Company were subscribed for between September 23 and October 27, 2014, under the Company's 2011 Stock Option Plan. The subscription price was €5.76 per share. Nokia stated that share capital of the Company remains the same as total subscription amount will be recorded in the fund for invested non-restricted equity. The full research reports on Nokia are available to download free of charge at:
http://www.analystsreview.com/Nov-05-2014/NOK/report.pdf
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Motorola Solutions, Inc. Research Reports
On October 31, 2014, Motorola Solutions, Inc. (Motorola) announced that the Buncombe County Sheriff's Office in Asheville, North Carolina, has agreed to equip all of its patrol and Sheriff's Community Enforcement Team deputies with the Company's VIEVU® LE3 body-worn cameras. Motorola's VIEVU cameras enable capturing video and audio evidence directly at the point of engagement. The Sherriff's Office plans to begin using VIEVU cameras in January 2015. The full research reports on Motorola are available to download free of charge at:
http://www.analystsreview.com/Nov-05-2014/MSI/report.pdf
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