Nortek Reports Second Quarter 2015 Results
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Imperial Capital Cuts Price Target on Nortek (NTK) to $95 Following 2Q Results
August 5, 2015 8:03 AM EDTImperial Capital reiterated an Outperform rating on Nortek (NASDAQ: NTK), and cut the price target to $95.00 (from $98.00), following 2Q15 results. NTK reported revenue of $704mn vs $715mn consensus. Adjusted EBITDA of $83mn was down from $89mn the year prior.
Analyst Jeff Kessler commented, "On... More
Nortek (NTK) Reports Q2 Loss Per Share of 14c, Offers Guidance
August 3, 2015 5:14 PM EDTNortek (NASDAQ: NTK) reported Q2 EPS of ($0.14), may not compare to the analyst estimate of $0.97. Revenue for the quarter came in at $703.9 million versus the consensus estimate of $715.77 million.
Nortek sees FY2015 revenue of $2.5-2.575 billion, versus the consensus of $2.62 billion.
Given... More
