NEW YORK, April 29, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Merit Medical Systems Inc. (NASDAQ:MMSI), Hub Group Inc. (NASDAQ: HUBG), Fiesta Restaurant Group Inc. (NASDAQ: FRGI), Orchids Paper Products Company (NYSEMKT: TIS), and NETGEAR Inc. (NASDAQ: NTGR). Analysts Review provides a single unified platform for investors' to hear about what matters - 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):
MMSI Research Report: ( http://get.analystsreview.com/pdf/?c=Merit%20Medical%20Systems&d=29-Apr-2015&s=MMSI ),
HUBG Research Report: ( http://get.analystsreview.com/pdf/?c=HUB%20Group%20Inc.&d=29-Apr-2015&s=HUBG ),
FRGI Research Report: ( http://get.analystsreview.com/pdf/?c=Fiesta%20Restaurant&d=29-Apr-2015&s=FRGI ),
TIS Research Report: ( http://get.analystsreview.com/pdf/?c=Orchid%20Paper%20Products%20Company&d=29-Apr-2015&s=TIS ),
NTGR Research Report: ( http://get.analystsreview.com/pdf/?c=NETGEAR%20Inc.&d=29-Apr-2015&s=NTGR ).
Analyst Update: Financial Results and Scheduled Earnings Release
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed mixed on Tuesday as investors remained vigil over tech earnings and the Federal Reserve's concluding statement on Wednesday. The Dow Jones Industrial Average advanced 0.40%, to close the day at 18,110.14, and the S&P 500 gained 0.28%, to 2,114.76. However, the NASDAQ Composite was down 0.10%, to finish the session at 5,055.42. European stocks tumbled on Tuesday amid concerns over Federal Reserve's meeting outcome. Germany's DAX 30 fell 1.89%, France's CAC 40 lost 1.81%, and London's FTSE 100 ended 1.03% lower on Tuesday. Meanwhile, Asian stock markets mostly closed lower on Tuesday. The Shanghai Composite Index and Australia's S&P ASX both fell on Tuesday, while Hong Kong's Hang Seng index was flat.
On April 23, 2015, Merit Medical Systems, Inc. (Merit) announced its first quarter 2015 results. The Company reported sales of $129.6 million for the quarter ended March 31, 2015, an increase of 9% over sales of $119.2 million for the quarter ended March 31, 2014. On a constant currency basis, sales for the quarter would have been up 11%.
Hub Group, Inc. (Hub) announced financial results for the quarter ended March 31, 2015 via a press release on April 23, 2015. Hub reported net income of $10.3 million for the first quarter 2015 compared to $12.0 million for the first quarter of 2014.
Fiesta Restaurant Group, Inc. (Fiesta) reported on April 9, 2015 that it would release its first quarter 2015 result on April 30, 2015 after the market hours. The Company will also organize a conference call to review first quarter 2015 results on the same day at 4:30 p.m. ET.
Orchids Paper Products Company (Orchids) on April 20, 2015 announced its first quarter 2015 results. Net sales of the Company increased $9.7 million, or 35%, to $37.4 million during the quarter, from $27.8 million in the same period of 2014. Revenues missed the Thomson Reuters consensus estimate of $40 million for the quarter.
NETGEAR, Inc. (NETGEAR) announced first quarter results 2015 on April 23, 2015. The Company reported net revenue of $309.2 million, as compared to $349.4 million in the comparable prior year quarter, reflecting a decrease of 11.5% year over year. NETGEAR's non-GAAP net income of $16.3 million decreased $5.7 million or 26% from same period previous year net income of $22 million.
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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.
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