NEW YORK, April 29, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including Unisys Corporation (NYSE: UIS), Silicon Motion Technology Corporation (NASDAQ: SIMO), True Blue, Inc. (NYSE: TBI), Houghton Mifflin Harcourt Company (NASDAQ: HMHC), and Briggs & Stratton Corporation (NYSE: BGG). 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.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
UIS Research Report: ( http://get.analystsreview.com/pdf/?c=Unisys%20Corporation&d=29-Apr-2015&s=UIS ),
SIMO Research Report: ( http://get.analystsreview.com/pdf/?c=Silicon%20Motion&d=29-Apr-2015&s=SIMO ),
TBI Research Report: ( http://get.analystsreview.com/pdf/?c=TrueBlue%20Inc&d=29-Apr-2015&s=TBI ),
HMHC Research Report: ( http://get.analystsreview.com/pdf/?c=Houghton%20Mifflin&d=29-Apr-2015&s=HMHC ),
BGG Research Report: ( http://get.analystsreview.com/pdf/?c=Briggs%20%26%20Stratton&d=29-Apr-2015&s=BGG ).
Analyst Update: Quarterly Financial Results and Acquisitions
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.
Unisys Corp (Unisys) reported its first quarter 2015 results on April 23, 2015. Revenue declined by 5% YoY to $721 million in Q1 2015, led by fall in service margins. The Company reported a net loss of $43.2 million or $0.87 per diluted share, as compared to net loss of $53.5 million or $1.15 per diluted share in Q1 2014.
On April 24, 2015, Silicon Motion Technology (Silicon Motion) announced that it has entered into a definitive agreement to acquire Shannon Systems, a leading supplier of enterprise-class PCIe SSD and storage array solutions to China's internet and other industries. Under the terms of the agreement, Silicon Motion will acquire Shannon for a total purchase price of $57.5 million, which includes a combination of cash, equity and contingency payments.
TrueBlue on April 23, 2015, announced better than expected financial results for the first quarter 2015. Revenue for Q1 2015 was $573 million, up 45% YoY, while adjusted net income per share for Q1 2015 was $0.20, up from $0.06 a year ago.
On April 24, 2015, Houghton Mifflin Harcourt (HMH) announced that it has entered into a definitive agreement to acquire the Educational Technology and Services business of Scholastic Corporation for $575 million in cash, subject to customary working capital adjustments.
Briggs & Stratton Corporation on April 23, 2015, announced results for the Q3 FY 2015 (period ended March 29, 2015) and first nine months of Fiscal Year 2015. Consolidated net sales were $619.0 million in Q3 FY 2015, down 1.5% YoY, due to higher shipments and impact of the stronger dollar.
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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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