Manning & Napier (MN) Misses Q2 EPS by 1c Jul 30, 2014 05:26PM

Manning & Napier (NYSE: MN) reported Q2 EPS of $0.30, $0.01 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $103.9 million versus the consensus estimate of $102.91 million.

Patrick Cunningham, Manning & Napier’s Chief Executive Officer, commented, “The year-to-date market environment has been favorable to our active security selection process, reflected in outperformance for our equity and life-cycle strategies. As we enter the second half of 2014, we are optimistic regarding several initiatives that we believe will drive growth and deliver returns for both our clients and shareholders. Our short-term and long-term track records for our core products continue to outperform peers and benchmarks, and our mid-term records will benefit from the roll-off of underperformance during the third quarter of 2011. We also enhanced our product offerings by our recent acquisition of Xenon, which we have already integrated in our new Chicago office by successfully transitioning the existing client base and scaling the products to over $400 million by including Xenon's managed futures strategies in our multi-asset-class portfolios. Finally, since going public and beginning a capital investment program two and a half years ago, we are witnessing the first tier of new product seedings reaching three-year track records with very good performance in emerging markets equity and global equity."

For earnings history and earnings-related data on Manning & Napier (MN) click here.

Mid-America Apartment Communities (MAA) Misses Q2 EPS by 5c Jul 30, 2014 05:07PM

Mid-America Apartment Communities (NYSE: MAA) reported Q2 EPS of $1.20, $0.05 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $244.5 million versus the consensus estimate of $246.79 million.

Eric Bolton, Chairman and Chief Executive Officer, said, "Second quarter results were driven by steady growth in pricing with same store rents increasing 3.1% over the prior year, off-set by a slight decline in effective occupancy, generating 2.6% growth in revenues. While new supply trends are expected to remain elevated in several of our markets, good job growth and resulting demand across the majority of our markets support our outlook for solid growth in net operating income for the full year.

Merger and integration activities surrounding our combination with Colonial Properties Trust continue to go well. Our operating and management reporting teams were very busy in the second quarter wrapping up the consolidation of the MAA and Colonial operating platforms. In addition, we continue to make good progress on selling the remaining non-core assets acquired in the Colonial merger, with several additional sales contracts in place."

For earnings history and earnings-related data on Mid-America Apartment Communities (MAA) click here.

Noble Corp. (NE) Tops Q2 EPS by 25c Jul 30, 2014 05:04PM

Noble Corp. (NYSE: NE) reported Q2 EPS of $0.91, $0.25 better than the analyst estimate of $0.66. Revenue for the quarter came in at $1.2 million versus the consensus estimate of $1.19 million.

David W. Williams, Chairman, President and Chief Executive Officer of Noble Corporation plc noted, "Second quarter results benefited from our strategy to shift the fleet toward a greater mix of premium rigs with contributions from two new jackup rigs, theNoble Houston Colbert and Noble Regina Allen. In addition, revenues in the quarter were supported by contractual dayrate increases on several rigs and the commencement of a contract for the Noble Paul Romano, which returned to work in May. However, due to planned regulatory inspection and maintenance shipyard projects for several rigs, revenues for the second quarter declined modestly when compared to first quarter 2014.

"As of the close of the second quarter, Noble has added nine new, technically advanced rigs to its fleet since 2011. Two additional new rigs are expected to commence operations during the third quarter with the arrival of the ultra-deepwater drillship Noble Sam Croft in the U.S. Gulf of Mexico and the high-specification jackup Noble Sam Turner in the North Sea. Operating performance on our new rigs has continued to improve due in part to the implementation of previously announced operational readiness procedures and crew competency measures. We believe these improvements are sustainable and should continue to drive operating performance."

For earnings history and earnings-related data on Noble Corp. (NE) click here.

Tessera Technologies (TSRA), Micron (MU) Enter Patent, Tech Licensing Agreements Jul 30, 2014 05:03PM

Tessera Technologies (Nasdaq: TSRA) and Micron Technology, Inc. (“Micron”) (Nasdaq: MU) announced today the execution of new, multiyear technology and patent license agreements. In addition to the new patent license agreement, Tessera’s wholly-owned subsidiary Invensas Corporation will license its Multi-Die Face-Down (xFDTM) semiconductor packaging technology to Micron and cooperate with Micron on the manufacturing of Micron products that incorporate xFD technology. As part of the agreements, Tessera and Micron will also explore other possible joint development efforts.

Tessera’s Chief Executive Officer Tom Lacey praised the agreements. “We are delighted to reach new long-term agreements with Micron that build on our existing relationship. We are thrilled to be working closely with one of the most successful and innovative semiconductor companies on the planet,” Lacey said. “We have continued to develop innovative, next-generation technologies that we seek to commercialize with world-class partners like Micron. We look forward to working with Micron to commercialize high performance multi-chip xFD DRAM and other products.”

“We are pleased to reach agreement with Tessera, including a patent license and a technology agreement relating to Tessera’s xFD packaging technology,” said Mark Durcan, Micron’s Chief Executive Officer. “We look forward to discussing further joint development opportunities with Tessera.”

The specific terms and conditions of the agreements are confidential and have not been disclosed by the companies.

Newport Corp (NEWP) Tops Q2 EPS by 13c Jul 30, 2014 05:02PM

Newport Corp (NASDAQ: NEWP) reported Q2 EPS of $0.34, $0.13 better than the analyst estimate of $0.21. Revenue for the quarter came in at $153.2 million versus the consensus estimate of $150.07 million.

Commenting on the results, Robert J. Phillippy, Newport's President and Chief Executive Officer, stated, "Newport delivered strong financial results in the second quarter, with sales increasing 4.3% sequentially and 14.2% on a year-over-year basis. We were able to leverage this sales growth into a 70% year-over-year increase in non-GAAP earnings per diluted share. We also continued to generate strong cash flows from operations, and our new orders increased both sequentially and year-over-year. In the first half of 2014, we increased our sales by 12.5%, and our non-GAAP earnings per diluted share by 77.1%, compared with the first half of 2013."

For earnings history and earnings-related data on Newport Corp (NEWP) click here.

More Management Comments

View Older Stories

Jul 30, 2014 05:02PM NCI, Inc. (NCIT) Tops Q2 EPS by 4c; Guides EPS Above Views
Jul 30, 2014 05:01PM 3D Systems (DDD) to Acquire Simbionix in $120M Cash Deal
Jul 30, 2014 04:58PM Taubman Centers, Inc. (TCO) Tops Q2 FFO by 5c
Jul 30, 2014 04:54PM FalconStor Software, Inc. (FALC) Reports Q2 Loss of $0.06
Jul 30, 2014 04:53PM Curtiss-Wright Corp. (CW) Tops Q2 EPS by 16c
Jul 30, 2014 04:52PM Coherent, Inc. (COHR) Misses Q3 EPS by 7c
Jul 30, 2014 04:50PM C&J Energy Services (CJES) Tops Q2 EPS by 2c
Jul 30, 2014 04:49PM American Capital Mortgage Investment (MTGE) Tops Q2 Views
Jul 30, 2014 04:45PM A10 Networks (ATEN) Misses Q2 EPS by 1c
Jul 30, 2014 04:43PM AMC Entertainment (AMC) Misses Q2 EPS by 1c
Jul 30, 2014 04:34PM Moelis & Company (MC) Tops Q2 EPS by 18c
Jul 30, 2014 04:30PM Vistaprint (VPRT) Tops Q4 EPS by 22c; Guides Above the Street
Jul 30, 2014 04:27PM MobileIron (MOBL) Posts Smaller Q2 Loss, Guides Sales Above the Street
Jul 30, 2014 04:23PM Servicenow (NOW) Reports In-Line Q2 EPS; Raises Outlook
Jul 30, 2014 04:21PM Western Digital Corp. (WDC) Tops Q4 EPS by 13c
Jul 30, 2014 04:20PM ITG (ITG) Announces Acquisition of RFQ-hub
Jul 30, 2014 04:18PM Endurance (ENH) Terminates Offer to Acquire Aspen (AHL)
Jul 30, 2014 04:15PM Ruckus Wireless (RKUS) Tops Q2 EPS by 6c; Guides Q3 EPS Above the Street
Jul 30, 2014 04:12PM Glu Mobile, Inc. (GLUU) Posts Narrower-than-Expected Q2 Loss of 2c/Share; Will Acquire Cie Games
Jul 30, 2014 04:09PM Kraft Foods Grp (KRFT) Misses Q2 EPS by 1c
Jul 30, 2014 04:07PM Yelp (YELP) Tops Q2 EPS by 7c; Issues Solid Outlook
Jul 30, 2014 04:04PM Shutterfly, Inc. (SFLY) Tops Q2 EPS by 4c; Mixed Outlook
Jul 30, 2014 04:03PM Cavium (CAVM) Tops Q2 EPS by 2c; Will Acquire Xpliant in $90M Deal
Jul 30, 2014 04:02PM Regeneron (REGN) and Sanofi (SNY) Report Plan to Use Priority Review Voucher For Alirocumab U.S. FDA Submission
Jul 30, 2014 04:02PM Akamai Technologies, Inc. (AKAM) Tops Q2 EPS by 3c
Jul 30, 2014 04:02PM Whiting Petroleum Corp. (WLL) Tops Q2 EPS by 23c
Jul 30, 2014 03:38PM (AMZN) Plans $2B Investment in India
Jul 30, 2014 02:04PM Home Depot (HD) Promotes Ted Decker to Merchandising EVP
Jul 30, 2014 01:37PM North Atlantic Drilling (NADL) Has Commitment for Six Offshore Units from Rosneft
Jul 30, 2014 12:31PM Gogo (GOGO) Closes $75M Increase on Existing Facility
Jul 30, 2014 12:08PM Incoming BlackBerry (BBRY) COO Sees Company Proving 'A Lot of People Wrong'
Jul 30, 2014 09:55AM Sapiens (SPNS) Acquires Knowledge Partners Int'l
Jul 30, 2014 09:39AM UPDATE: FTD Cos. (FTD) to Acquire Liberty Interactive's (LINTA) Provide Commerce Floral, Gifting Businesses
Jul 30, 2014 09:12AM PDC Energy (PDCE) to Sell Stake in Marcellus JV; Offers Operational Update
Jul 30, 2014 09:10AM Galectin Therapeutics (GALT) Comments on GR-MD-02; Disagrees with Blogger, Social Media Interpretations
Jul 30, 2014 09:06AM Heartland Payment (HPY) to Acquire Commerce Solutions Provider, TouchNet Information Systems
Jul 30, 2014 09:00AM Churchill Downs (CHDN), Saratoga Harness Enter Binding Agreement for Management Contract
Jul 30, 2014 08:56AM Amerigas Partners L.p. (APU) Misses Q3 EPS by 8c
Jul 30, 2014 08:48AM Ingredion (INGR) Misses Q2 EPS by 5c, Sales Beat; FY EPS Narrowed, Enters Accelerated Share Repurchase Plan
Jul 30, 2014 08:36AM Liquidity Services (LQDT) Reports New Non-Rolling Stock Contract with DOD
Jul 30, 2014 08:33AM Durata Therapeutics (DRTX) Unit Enters Licensing Agreement with Angelini
Jul 30, 2014 08:32AM Incyte (INCY), Genentech Enter INCB24360 + PD-L1 Study Collaboration
Jul 30, 2014 08:31AM Orexigen Therapeutics (OREX) Receives Day 180 List from CHMP for NB32
Jul 30, 2014 08:16AM UGI Corp. (UGI) Approves Three-for-Two Split, 10% Dividend Hike
Jul 30, 2014 08:13AM J2 Global (JCOM) Acquires Email Marketing Services Provider, Contactology
Jul 30, 2014 08:12AM Perrigo (PRGO) Files ANDA for Generic Topicort Topical Spray 0.25%
Jul 30, 2014 08:10AM Exelon Corp. (EXC) to Acquire Integrys (TEG) Subsidiary
Jul 30, 2014 08:08AM Adeptus Health (ADPT) Misses Q2 EPS by 11c While Sales Rise 80.6%
Jul 30, 2014 08:07AM Baxter Int'l (BAX) to Divest Two Commercial Vaccines Facilities in $635M Deal (PFE)
Jul 30, 2014 08:03AM LiveDeal (LIVE) Sees Positive Spike in Android App Downloads Following Recent Ad Campaign
View Older Stories