NEW YORK, February 27, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Gogo Inc (NASDAQ: GOGO), Babcock & Wilcox (NYSE:BWC), Avago (NASDAQ: AVGO), PGT Inc. (NASDAQ: PGTI), and Akorn (NASDAQ: AKRX). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
GOGO Research Report: ( http://get.analystsreview.com/pdf/?c=Gogo%20Inc&d=27-Feb-2015&s=GOGO ),
BWC Research Report: ( http://get.analystsreview.com/pdf/?c=Babcock%20%26%20Wilcox&d=27-Feb-2015&s=BWC ),
AVGO Research Report: ( http://get.analystsreview.com/pdf/?c=Avago&d=27-Feb-2015&s=AVGO ),
PGTI Research Report: ( http://get.analystsreview.com/pdf/?c=PGT%20Inc.&d=27-Feb-2015&s=PGTI ),
AKRX Research Report: ( http://get.analystsreview.com/pdf/?c=Akorn&d=27-Feb-2015&s=AKRX ).
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Analyst Update: Better-than-Expected Quarterly Results and Acquisitions
Reviewed by: Rohit Tuli, CFA®
Global equities dipped on Thursday as investor enthusiasm was dampened by a pullback in oil prices related to rising inventories, while the dollar rose as economic data drove expectations that the Federal Reserve will raise interest rates. In the U.S., consumer prices fell in the 12 months through January, the first such decline since 2009 as gasoline prices continued to tumble. The S&P 500 ended down 0.15% to 2110.74, Dow was down 0.06% to 18214.42, while Nasdaq was a bright spot in U.S. equities, rising 0.42% to 4987.89 on news of a technology deal. The pan-European Euro Stoxx 600 Index closed up 0.9% higher as investors reacted to a raft of corporate earnings and fresh economic data. The latest GDP data from Spain and UK confirmed a year on year growth of 2% and 2.7%, respectively in the last quarter. The German unemployment rate also stayed at a record low in February. In Asia, Japanese shares outperformed the region by reaching a new multiyear high, but the rest of Asia traded mixed on Thursday.
Gogo Inc's stock inched up 4.06% on Thursday as the Company reported better-than-expected fourth quarter 2014 results and strong revenue guidance for 2015. The Company reported record revenue of $109.2 million for the quarter, beating Wall Street expectation of $106.3 million. Net Loss of 28 cents per share was also smaller than the net loss of 31 cents per share forecasted by analysts. To know more on the key financials reported by the leading global aero-communications service provider, read our research report on Gogo Inc.
The Babcock & Wilcox Company's (Babcock & Wilcox) stock gained 5.87% to $31.76 on Thursday following reports that the Company's fourth-quarter earnings and revenue topped analyst estimates. Babcock & Wilcox's revenues for the quarter increased 4.3% YoY to $837.0 million. Continue reading about Babcock & Wilcox's fourth quarter and full-year 2014 financial performance in our recent research report.
Shares of Avago Technologies Ltd (Avago) surged 14.71% on Thursday to end the session at $129.25 after the semiconductor maker said it would buy Emulex Corporation, a leader in network connectivity, monitoring and management, in an all-cash transaction valued at approximately $606 million. To Know more on the Emulex's acquisition and Avago's financial results, read our report.
The maker of residential windows and doors, PGT Inc., reported mixed fourth-quarter results but gave a strong revenue outlook for 2015, leading to a 23.38% surge in share prices during Thursday's session. For the quarter, the Company reported adjusted net income per diluted share of $0.08, missing the average estimate of analysts surveyed by Zacks Investment Research for earnings of $0.10 per share; and falling behind the previously reported adjusted EPS of $0.12 in Q4 2013. However net sales of $84.7 million, surpassed both Zacks estimate of $82.6 million and previous year fourth quarter net sales of $62.0 million. Read more on the performance of the Florida-based Company, in our research report on PGT Inc.
The stock of Akorn, Inc. reached its lifetime of $53.99 on Thursday, February 26, 2015, before closing the session at $53.47. The stock jumped 15.24% on the day Akorn released its fourth quarter financial results with adjusted non-GAAP diluted EPS of $0.50, which also beats analysts' forecast of $0.46 provided by Zacks Investment Research. Find more on Akorn's fourth quarter results in our research report.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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