Just Released: New Research on Iconix, InfoSonics, Inter Parfums, Inventure Foods, and Ituran Location
NEW YORK, December 11, 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 below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
ICON Research Report: ( http://get.realtimeequities.com/pdf/?c=Iconix&d=11-Dec-2014&s=ICON ),
IFON Research Report: ( http://get.realtimeequities.com/pdf/?c=InfoSonics&d=11-Dec-2014&s=IFON ),
IPAR Research Report: ( http://get.realtimeequities.com/pdf/?c=Inter%20Parfums&d=11-Dec-2014&s=IPAR ),
SNAK Research Report: ( http://get.realtimeequities.com/pdf/?c=Inventure%20Foods&d=11-Dec-2014&s=SNAK )
ITRN Research Report: ( http://get.realtimeequities.com/pdf/?c=Ituran%20Location&d=11-Dec-2014&s=ITRN ).
Analyst Update: Appointments, Financial Performance and Recognitions
Reviewed by: Rohit Tuli, CFA®
The US stock market on December 10, 2014 ended the day in red, led by a sharp decline in oil stocks amid the investor concerns about the global-economic slowdown. The Dow Jones industrial average fell 1.51%, the S&P 500 edged 1.64% lower, and the NASDAQ Composite declined 1.73%. The Oil price on Wednesday fell 4.5% to $60.94 a barrel, down 43% from this year's high after Organization of the Petroleum Exporting Countries (OPEC) reduced its forecasts for crude oil production in 2015 owing to the swelling supply from North America and other rising producers. The Asian stock markets ended the day on a mixed note with fresh concerns over slumping oil price and Greece's weak economy, which was offset by a strong rebound in Shanghai Composite Index. The European stocks renounced gains with the turnaround led by a slump in energy shares as oil prices extended their losses.
Iconix Brand Group, Inc. (Iconix) has appointed Sue Gove as an independent director of the Company, effective immediately. Sue, who most recently served as the CEO of Golfsmith International, will also serve on the Company's Audit Committee.
InfoSonics Corporation (InfoSonics), the provider of verykool wireless handset solutions and tablets, swung to loss in the third quarter of fiscal 2014 as net sales declined sharply, hurt by a variety of factors.
Inter Parfums, Inc. (Inter Parfums) announced preliminary 2015 guidance that missed the analysts' expectations. The Company sees 2015 net income in the range of $0.95 to $0.98 per diluted share, compared to the Reuters' average estimate of $1.14 per share.
Specialty food manufacturer Inventure Foods, Inc. (Inventure Foods) has once again been named to Forbes magazine's "America's Best Small Companies" list for 2014. The Company was ranked 33rd on the list of 100 companies, representing a substantial jump up from the 41st position it held in 2013.
Ituran Location and Control Ltd. (Ituran Location) reported strong third quarter 2014 financial results, reflecting 24.3% YoY improvement in bottom line. The Company added 20,000 subscribers during the quarter, reaching a record subscriber base of 795,000 as of September 30, 2014.
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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 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.
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