Direction of Market Influences: Analyst Notes on IntriCon, Horsehead, Hurco, Hutchinson Technology and II-VI
Editor Note: For more information about this release, please scroll to bottom
NEW YORK, December 15, 2014 /PRNewswire/ --
Moments ago, Realtime Equities released new analyst updates concerning several important developing situations. Realtime Equities is the leader in realtime news, commentary and analysis - 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 at the bottom.
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Analyst Update: Quarterly Results, Appointments and Agreements
Reviewed by: Rohit Tuli, CFA®
The U.S. markets on Friday plummeted as the price of crude oil continued its decline and dipped to $57.81 per barrel from $107.95 per barrel as on June 20, 2014. The Dow Jones Industrial Average finished at 17,280.83, down 1.79%, the NASDAQ Composite closed at 4,653.60, down 1.16% and the S&P 500 ended 1.62% lower at 2,002.33. The market was further hit as the International Energy Agency slashed its oil production growth forecast by 230,000 barrels per day. The Asian stock markets ended on a mixed note after two contrasting pieces of economic data surfaced from China. China's industrial output for the month of November 2014 increased by a less-than-expected 7.2% YoY, but retail sales rose 11.7%, beating forecasts. China's fixed-asset investment increased 15.8% in the first 11 months of the year, in line with expectations. The European markets ended the day in red, led by gloomy global crude demand and a weak Chinese economic data.
IntriCon Corporation (IntriCon) inked an exclusive distribution agreement with PC Werth Ltd (PC Werth) in the United Kingdom for its low-cost, high-quality hearing aid products. PC Werth, through its partnership with IntriCon, has been appointed as one of the main suppliers to the National Health Service (NHS) Supply Chain's National Framework.
Horsehead Holding Corp.'s (Horsehead) third quarter 2014 top line improved, with higher LME zinc and nickel prices, a favorable change in noncash hedge charges and shipments of zinc calcine more than offsetting the decline in shipments of finished zinc products.
Hurco Companies, Inc. (Hurco) selected Maquinaria Macias Ceballos SA de CV as the exclusive distributor for Hurco CNC machine sales and service in central and northern Mexico. Addition of Maquinaria Macias Ceballos expected to help the Company grow in Mexico.
Hutchinson Technology Incorporated (Hutchinson Technology) reported strong fourth quarter fiscal 2014 financial results as net loss for the quarter contracted and top line witnessed growth. The quarterly results were driven by higher volume, the benefits of site consolidation, other cost reductions and improved operating performance.
II-VI, Inc.'s (II-VI) Board of Directors appointed Vincent D. Mattera, Jr. as President and Chief Operating Officer of the Company and Mark Y. E. Pelaez as the Lead Independent Director. The Company also appointed Francis J. Kramer as the Chairman of the Board, in addition to his current role of CEO.
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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):
IIN ResearchReport: ( http://get.realtimeequities.com/pdf/?c=Intricon&d=15-Dec-2014&s=IIN ),
ZINCResearchReport: ( http://get.realtimeequities.com/pdf/?c=Horsehead%20Holding&d=15-Dec-2014&s=ZINC ),
HURC Research Report: ( http://get.realtimeequities.com/pdf/?c=Hurco%20Companies&d=15-Dec-2014&s=HURC ),
HTCH Research Report: ( http://get.realtimeequities.com/pdf/?c=Hutchinson%20Technology&d=15-Dec-2014&s=HTCH ),
IIVI Research Report: ( http://get.realtimeequities.com/pdf/?c=II-VI%20Inc.&d=15-Dec-2014&s=IIVI ).
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EditorNote: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
ComplianceProcedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Realtime Equities, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Realtime Equities in this article or report according to the procedures outlined by Realtime Equities. Realtime Equities 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.
FurtherResources: For more information about this release including editorial notes, compliance procedures and legal disclosures, please visit: http://www.realtimeequities.com/editors
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SOURCE Realtime Equities
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