Quarterly Financial Results - Research Report on Trimble, Garmin, Sensata, FARO, and Affymetrix Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, January 1, 2014 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Trimble Navigation Limited (NASDAQ: TRMB), Garmin Ltd. (NASDAQ: GRMN), Sensata Technologies Holding (NYSE: ST), FARO Technologies Inc. (NSDAQ: FARO), and Affymetrix Inc. (NASDAQ: AFFX). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Trimble Navigation Limited Research Report
On October 31, 2013, Trimble Navigation Limited (Trimble) reported its Q3 2013 financial results with revenue growth of 10.3% YoY to $556.5 million. GAAP operating income was $63 million, down 0.7% YoY. GAAP net income attributable to the Company for the quarter was $54.5 million, up 2.1% YoY. Diluted GAAP EPS was $0.21, unchanged from Q3 2012. "While below our projected long-term growth rate, our third quarter revenue was consistent with our guidance for the quarter. Although the worldwide economic environment is expected to remain challenging into 2014 and a constraint to robust growth, we did see encouraging signs in the quarter, particularly in survey instruments, building construction and agriculture," said Steven W. Berglund, Trimble's President and CEO. "These indicators support our view that our organic growth will step up in 2014 from the levels we have seen in 2013." The Full Research Report on Trimble Navigation Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e451_TRMB]
Garmin Ltd. Research Report
On October 30, 2013, Garmin Ltd. (Garmin) reported its Q3 FY 2013 (period ended September 28, 2013) financial results with total revenue of $643.6 million, down 4.3% YoY. "Stronger than expected revenue performance continued in the third quarter with fitness and marine delivering exceptional growth," said Cliff Pemble, President and CEO of Garmin "In addition, the gross and operating margins were strong as we effectively controlled operating expenses. This resulted in $0.69 of pro forma EPS." The Company informed that it has revised its 2013 guidance and now anticipates operating income of c.$530 million partially offset by a higher effective tax rate resulting in a pro forma EPS range of $2.40 to $2.45. The Full Research Report on Garmin Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0c20_GRMN]
Sensata Technologies Holding Research Report
On October 29, 2013, Sensata Technologies Holding NV (Sensata) reported its Q3 2013 financial results with net revenue growth of 5.7% YoY to $498.9 million. Net income for the quarter totaled $66 million or $0.37 per diluted share, compared to that of $41.5 million or $0.23 per diluted share in Q3 2012. "We are pleased with our results for the third quarter which came in slightly better than expected with earnings growing at over twice the pace of Net revenue," said Martha Sullivan, President and CEO of Sensata. "The balance of the year looks in line with our expectations for improved Net revenue growth over last year." The Company anticipates net revenue of $485 million to $505 million for Q4 2013 and adjusted net income of $0.53 to $0.57 per diluted share in Q4 2013. The Full Research Report on Sensata Technologies Holding - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7ee1_ST]
FARO Technologies Inc. Research Report
On October 30, 2013, FARO Technologies, Inc. reported its Q3 FY 2013 (period ended September 28, 2013) financial results with sales growth of 12.3% YoY to $68.2 million. Net income for the quarter grew 37.3% YoY to $5 million. Jay Freeland, FARO's President and CEO said, "Our strong third quarter revenue growth reflects improved market conditions, excellent sales execution and the positive effect of several new product launches. We continued to accelerate our R&D spending in the quarter and we successfully leveraged our cost base to generate a 38% increase in earnings." The Full Research Report on FARO Technologies Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/66cb_FARO]
Affymetrix Inc. Research Report
On October 30, 2013, Affymetrix, Inc. (Affymetrix) reported its Q3 2013 financial results with total revenue of $80.4 million, compared to that of $79.6 million in Q3 2012. GAAP net loss was $4.2 million or $0.06 per diluted share during the quarter, as compared to a net loss of $17.9 million or $0.25 per diluted share in Q3 2012. "We generated another quarter of strong growth in our Genetic Analysis business and improved results in our Expression and eBiosciences businesses," said Frank Witney, President and CEO of Affymetrix. "From a geographic perspective Europe and North America delivered stronger results as compared to last quarter. We are encouraged by the progress we made in the third quarter." The Full Research Report on Affymetrix Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0be7_AFFX]
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