By Bob McTeer, Contributor Casual consumers of economic data, i.e. normal people, probably understand instinctively that the details behind the headline numbers matter. However, they can at least rest assured that such a large increase in the real GDP estimate as we had from the 4th quarter to the 1st quarter—from plus 0.4% to plus 2.5%–at least gets the direction right. Or, can they?
Source: FULL ARTICLE at Forbes Latest
By Business Wirevia The Motley Fool
Filed under: Investing
Seattle Genetics to Host Conference Call and Webcast Discussion of First Quarter 2013 Financial Results on May 7, 2013
BOTHELL, Wash.–(BUSINESS WIRE)– Seattle Genetics, Inc. (NAS: SGEN) announced today that it will report its first quarter 2013 financial results on Tuesday, May 7, 2013, after the close of financial markets. Following the announcement, company management will host a conference call and webcast discussion of the results and provide a general corporate update. Access to the event can be obtained as follows:
LIVE access on Tuesday, May 7, 2013
1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time
REPLAY access
About Seattle Genetics
Seattle Genetics is a biotechnology company focused on the development and commercialization of monoclonal antibody-based therapies for the treatment of cancer. The company’s lead program, ADCETRIS® (brentuximab vedotin), received accelerated approval from the U.S. Food and Drug Administration in August 2011 and approval with conditions from Health Canada in February 2013 for two indications. In addition, under a collaboration with Millennium: The Takeda Oncology Company, ADCETRIS received conditional marketing authorization from the European Commission in October 2012. Seattle Genetics also has four other clinical-stage ADC programs: SGN-75, ASG-5ME, ASG-22ME and SGN-CD19A. Seattle Genetics has collaborations for its ADC technology with a number of leading biotechnology and pharmaceutical companies, including Abbott, Agensys (an affiliate of Astellas), Bayer, Celldex Therapeutics, Daiichi Sankyo, Genentech, GlaxoSmithKline, Millennium, Pfizer and Progenics, as well as ADC co-development agreements with Agensys and Genmab. More information can be found at www.seattlegenetics.com.
By Business Wirevia The Motley Fool
Filed under: Investing
Rogers Corporation Updates Guidance for the First Quarter
ROGERS, Conn.–(BUSINESS WIRE)– Rogers Corporation (NYS: ROG) (“Rogers” or the “Company”) today announced revised guidance for its fiscal first quarter ended March 31, 2013. Rogers now projects first quarter net sales from continuing operations of approximately $126 million compared to the February 19, 2013 guidance of $129 to $133 million. The GAAP earnings per diluted share from continuing operations for the first quarter 2013 are expected to be approximately $0.39 per share. These per share estimates include anticipated net special adjustments of approximately $0.05 per diluted share during the quarter. Excluding these charges, non-GAAP earnings per diluted share from continuing operations are expected to be $0.44 compared to the previous non-GAAP guidance of $0.57 to $0.61 per diluted share. The first quarter results were primarily impacted by lower demand and lower production absorption in the quarter, as well as start-up costs associated with the installation of the new molded urethane foam manufacturing line.
The special adjustments are comprised of:
The Company is currently working through its quarterly closing process to finalize results, which it expects to report at the end of April 2013. A table reconciling the GAAP and non-GAAP earnings amounts disclosed in this press release is included below.
Bruce D. Hoechner, President and CEO commented, “This year’s first quarter sales were up about $5.8 million or 4.8% over the first quarter of 2012, but fell slightly below the low end of our guidance for the quarter by about $3 million or 2.4%. As reported by industry sources, the quarterly reduction in global demand for tablet devices and reduced military spending impacted our first quarter results more than anticipated. However, High Performance Foams had record first quarter sales up 5.0% and our Printed Circuit Materials operating segment started the year strong with sales up 10.6%, both relative to the first quarter of 2012. We see positive signs in the markets we serve and expect market conditions to improve
From: http://www.dailyfinance.com/2013/04/18/rogers-corporation-updates-guidance-for-the-first-/
By Business Wirevia The Motley Fool
Filed under: Investing
Fairchild Semiconductor Reports Results for the First Quarter 2013
SAN JOSE, Calif.–(BUSINESS WIRE)– Fairchild Semiconductor (NYS: FCS) , a leading global supplier of power semiconductors, today announced results for the first quarter ended March 31, 2013. Fairchild reported first quarter sales of $343.2 million, up 3 percent from the prior quarter and 3 percent lower than the 14 week first quarter of 2012.
Fairchild reported a first quarter net loss of $0.5 million or $0.00 per diluted share compared to a net loss of $13.6 million or $0.11 per diluted share in the prior quarter and net income of $1.6 million or $0.01 per diluted share in the first quarter of 2012. Gross margin was 26.9 percent compared to 29.8 percent in the prior quarter and in the year-ago quarter.
Fairchild reported first quarter adjusted gross margin of 27.8 percent, down 200 basis points from the prior quarter and the first quarter of 2012. Adjusted gross margin excludes accelerated depreciation related to a line closure. Adjusted net loss was $2.0 million or $0.02 per diluted share, compared to net income of $12.3 million or $0.10 per diluted share in the prior quarter and $8.3 million or $0.06 per diluted share in the first quarter of 2012. This adjusted net loss excludes the $12.6 million litigation charge reversal related to the recent favorable court ruling on the first Power Integrations lawsuit. See the Reconciliation of Net Income to Adjusted Net Income exhibit included in this press release for more details on the other adjustment items.
“First quarter sales and second quarter guidance are better than seasonal,” said Mark Thompson, Fairchild’s chairman and CEO. “Bookings were robust throughout the first quarter and so far through Q2 at about a $400 million quarterly rate. These strong order rates are especially evident for our direct OEM business which is booking at the highest level since 2010. We posted solid sales growth in our high voltage products serving the industrial, appliance and automotive markets as well as continued market share gains for our mobile analog and power management solutions. These markets now account for 74% of total company sales, the highest
From: http://www.dailyfinance.com/2013/04/18/fairchild-semiconductor-reports-results-for-the-fi/
By Business Wirevia The Motley Fool
Filed under: Investing
UnitedHealth Group Reports First Quarter Results
MINNETONKA, Minn.–(BUSINESS WIRE)– UnitedHealth Group (NYS: UNH) today reported first quarter results, highlighted by strong enrollment growth in each of UnitedHealthcare’s benefits businesses combined with well-diversified revenue growth and broad-based margin expansion at Optum. First quarter 2013 net earnings were $1.16 per common share. Overall results, led by Optum’s performance, were strong across the enterprise, with year-over-year reimbursement and seasonal margin pressure in UnitedHealthcare’s Medicare Advantage and Part D prescription drug plan product lines, as expected. Two of this year’s early highlights have been UnitedHealthcare’s implementation of the new TRICARE military health care award beginning April 1 and the successful movement of the first 3 million new and migrating UnitedHealthcare commercial consumers to pharmacy benefit manager OptumRx.
Stephen J. Hemsley, president and chief executive officer of UnitedHealth Group, said, “This quarter provided a solid start to 2013 across our diversified health care businesses. UnitedHealthcare is achieving market-leading growth in health benefits, now including Amil and TRICARE, and is positioned to achieve one of its strongest-ever growth years. Looking forward, innovation and continuing discipline in advancing consistent care quality and medical and operating cost management will be critical to fulfilling the market‘s demands for greater
From: http://www.dailyfinance.com/2013/04/18/unitedhealth-group-reports-first-quarter-results/
By Business Wirevia The Motley Fool
Filed under: Investing
PennyMac Mortgage Investment Trust Announces Date for Release of First Quarter 2013 Results
MOORPARK, Calif.–(BUSINESS WIRE)– PennyMac Mortgage Investment Trust (NYS: PMT) will announce results for the quarter ended March 31, 2013 in a news release to be issued prior to the market open on Tuesday, April 23rd, 2013. The release will be available online at www.PennyMac-REIT.com.
PennyMac executives will review the quarter’s results in a recorded presentation. The recording and accompanying slide presentation will be available on the Company’s website concurrently with the news release.
Individuals who are unable to access the website but would like to receive a copy of the slide presentation should contact the Company’s Investor Relations department at 818-224-7028.
About PennyMac Mortgage Investment Trust
PennyMac Mortgage Investment Trust is a mortgage real estate investment trust that invests primarily in residential mortgage loans and mortgage-related assets. The Company trades on the New York Stock Exchange under the symbol “PMT” and is externally managed by PNMAC Capital Management, LLC, a wholly owned subsidiary of Private National Mortgage Acceptance Company, LLC. Additional information about the Company is available at www.PennyMac-REIT.com.
PennyMac Mortgage Investment Trust
Media
Kevin Chamberlain
(818) 746-2877
or
Investors
Christopher Oltmann
(818) 746-2046
KEYWORDS: United States North America California
INDUSTRY KEYWORDS:
The article PennyMac Mortgage Investment Trust Announces Date for Release of First Quarter 2013 Results originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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By Business Wirevia The Motley Fool
Filed under: Investing
j2 Global to Announce First Quarter Earnings on May 8, 2013
LOS ANGELES–(BUSINESS WIRE)– j2 Global, Inc. (NasdaqGS:JCOM), the Internet services company, invites the public, members of the press, the financial community, stockholders and other interested parties to listen to a live audio Webcast of its First Quarter 2013 Conference Call at 5 p.m. Eastern Time on Wednesday, May 8th, 2013.
Hemi Zucker, chief executive officer, Scott Turicchi, president, and Kathy Griggs, chief financial officer, will host the call. Materials presented during the call will be posted on the Company’s website at http://www.j2global.com at least thirty minutes prior to the call and filed with the Securities and Exchange Commission pursuant to Regulation FD.
| What: | j2 Global, Inc. First Quarter 2013 Earnings Call | |||
| When: | 5 p.m. Eastern Time on Wednesday, May 8th, 2013 | |||
Filed under: Company News, Coca-Cola Company, Earnings, Food & Beverage, Stocks
Coca-Cola Co.’s first-quarter results came in above expectations as the world’s biggest beverage maker saw global sales volume grow.
The Atlanta-based company said it earned $1.75 billion, or 39 cents a share, for the period ended March 29. That’s down from $2.1 billion, or 45 cents a share, a year earlier.
Not including one-time items such as restructuring charges, however, Coca-Cola said it earned 46 cents a share, better than the 45 cents a share analysts expected.
Net revenue declined to $11.04 billion, from $11.14 billion a year ago, hurt by foreign currency exchange rates and two fewer selling days in the period. Analysts expected $10.97 billion.
Coca-Cola Co. (KO) also announced it was starting to refranchise its U.S. business by giving bottlers expanded territories.
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From: http://www.dailyfinance.com/2013/04/16/coca-cola-first-quarter-earnings/
By Business Wirevia The Motley Fool
Filed under: Investing
Approach Resources Inc. Announces Preliminary Production for First Quarter 2013 and Schedules First Quarter 2013 Conference Call for Friday, May 3, 2013
FORT WORTH, Texas–(BUSINESS WIRE)– Approach Resources Inc. today announced preliminary production for first quarter 2013 of 754 MBoe (8.4 MBoe/d), compared to 654 MBoe (7.2 MBoe/d) produced in first quarter 2012, a 15% increase. Estimated oil production for first quarter 2013 increased 63% to 310 MBbls, compared to 191 MBbls produced in first quarter 2012. Estimated production for first quarter 2013 was 41% oil, 28% NGLs and 31% natural gas, compared to 29% oil, 33% NGLs and 38% natural gas in first quarter 2012.
As previously reported, estimated production for first quarter 2013 was impacted by a third-party NGL fractionation facility repair and maintenance, decreasing our average volumes by approximately 6.1 MBoe/d beginning the second week in March. As of April 6, 2013, substantially all production was back online. Turnaround activity for NGL fractionators along the Gulf Coast typically occurs during the spring season. We currently do not expect further downtime as a result of this activity, but will provide an update if conditions change.
Beginning April 3, 2013, we began flowing oil down our joint venture pipeline, which is a 38-mile pipeline primarily in Crockett and Reagan counties. We expect that the oil pipeline will enable the Company to efficiently transport our crude oil production to market, reduce our transportation differential and provide optionality for accessing markets with superior price realizations.
Conference Call Scheduled for May 3, 2013
Approach will host a conference call on Friday, May 3, 2013, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time) to discuss first quarter 2013 financial and operating results. The Company plans to issue first quarter 2013 results after market close on Thursday, May 2, 2013.
To participate in the conference call, domestic participants should dial (866) 783-2138 and international participants should dial (857) 350-1597 approximately 15 minutes before the scheduled conference time. To access the simultaneous webcast of the conference call, please visit the Calendar of Events page under the Investor Relations section of the Company’s website, www.approachresources.com,15 minutes before the scheduled conference time to register for the webcast and install any necessary software. The webcast will be archived for replay on the Company’s website until August 1, 2013.
In addition, the Company will host a telephone replay of the call, which will be
From: http://www.dailyfinance.com/2013/04/15/approach-resources-inc-announces-preliminary-produ/
By Business Wirevia The Motley Fool
Filed under: Investing
CTS Corporation Announces Dates for First Quarter 2013 Earnings Release and Conference Call
ELKHART, Ind.–(BUSINESS WIRE)– CTS Corporation (NYS: CTS) will release earnings for the first quarter 2013 at approximately 4:30 p.m. (EDT) on Tuesday, April 23, 2013.
A conference call to discuss first quarter 2013 financial results is scheduled for Wednesday, April 24, 2013 at 11:00 a.m. (EDT). The dial-in number for the conference call is 800-230-1074 (612-234-9959, if calling from outside the U.S.). No access code is needed. The CTS Corporation conference call participants will be:
| Kieran O’Sullivan | President and Chief Executive Officer | ||||||
| Thomas A. Kroll | Vice President and Chief Financial Officer |
By David Schepp
Filed under: JP Morgan Chase, Earnings, Banks, Financial Services, Stocks
NEW YORK — JPMorgan Chase, the country’s biggest bank by assets, says its first-quarter earnings soared, even as revenue fell slightly.
The bank made $6.1 billion in the first quarter, after stripping out payments to preferred shareholders. That was up 34 percent from the same period a year ago, when it made $4.6 billion.
On a per-share basis, that amounted to $1.59. That blew away the estimates of analysts polled by FactSet, who had been expecting $1.39.
Revenue was $25.8 billion, after stripping out the effect of an accounting charge. That beat analyst estimates of $25.7 billion, though it was down 3 percent from the same period a year ago.
Shares of JPMorgan Chase & Co. (JPM) are down 1 percent in pre-market trading, off 51 cents to $48.80.
%Gallery-183217%
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From: http://www.dailyfinance.com/2013/04/12/jpmorgan-first-quarter-earnings-soar/
By Business Wirevia The Motley Fool
Filed under: Investing
J.B. Hunt Transport Services, Inc. Reports Revenues and Earnings for the First Quarter 2013
LOWELL, Ark.–(BUSINESS WIRE)– J. B. Hunt Transport Services, Inc., (NAS: JBHT) announced first quarter 2013 net earnings of $73.3 million, or diluted earnings per share of 61 cents vs. first quarter 2012 net earnings of $67.7 million, or 57 cents per diluted share.
Total operating revenue for the current quarter was $1.29 billion, compared with $1.17 billion for the first quarter 2012. Load growth of 13% in Intermodal (JBI) and 47% in Integrated Capacity Solutions (ICS), helped drive 15% and 26% increases in segment revenue, respectively. Dedicated Contract Services (DCS) segment increased operating revenue by 9%, primarily from new long-term contracts currently being implemented, while Truck (JBT) segment revenue declined primarily from a 21% reduction in fleet size.
Operating income for the current quarter totaled $125 million vs. $117 million for the first quarter 2012. Combined, JBI and ICS operating income increased by approximately $18 million on higher load volume, improved freight mix and overhead cost controls. The increase in operating income was partially offset by higher equipment costs in the asset-based business units, higher claims costs from two old claims shared by all business units, contract implementation costs related to new customers for DCS and higher employee costs with lower asset utilization for JBT.
Net interest expense for the current quarter decreased by $0.7 million due to lower debt levels. The effective income tax rate for the quarter was consistent with last year at 38.25%.
Segment Information:
Intermodal (JBI)
<li
From: http://www.dailyfinance.com/2013/04/11/jb-hunt-transport-services-inc-reports-revenues-an/
By Business Wirevia The Motley Fool
Filed under: Investing
Kaydon Corporation Announces First Quarter 2013 Earnings Conference Call
ANN ARBOR, Mich.–(BUSINESS WIRE)– Kaydon Corporation (NYS: KDN) will hold its conference call for first quarter 2013 earnings on Thursday, May 9, 2013. The conference call will begin at 11:00 a.m. Eastern time and will follow the Company’s release of first quarter 2013 earnings prior to the call on that same day.
The conference call can be accessed telephonically in a listen-only mode by dialing 1-888-428-9490 and providing the following passcode number: 800500. Participants are asked to dial in 10 minutes prior to the scheduled start time of the call.
Alternatively, interested parties are invited to listen to the conference call via the internet by logging on the web at the following address:
http://w.on24.com/r.htm?e=607791&s=1&k=FF450372E59C97D7667F245101F25C75
or by logging on the Kaydon Corporation website at:
and accessing the conference call at the “First Quarter 2013 Conference Call” icon.
To accommodate those that are unable to listen at the scheduled start time, a replay of the conference call will be available telephonically beginning on Thursday, May 9, 2013 at 2:00 p.m. Eastern time through Wednesday, May 15, 2013 at 2:00 p.m. Eastern time. The replay is accessible by dialing 1-888-203-1112 and providing the following passcode number: 2107567.
Additionally, interested parties can access an archive of the conference call on the Kaydon Corporation website at http://www.kaydon.com.
Kaydon Corporation is a leading designer and manufacturer of custom engineered, performance-critical products, supplying a broad and diverse group of industrial, military, aerospace, medical, semiconductor and alternative energy equipment, and aftermarket customers.
Kaydon Corporation
Therese C. Houlahan
Treasurer
(734) 680-2024
KEYWORDS: United States North America Michigan
INDUSTRY KEYWORDS:
The article Kaydon Corporation Announces First Quarter 2013 Earnings Conference Call originally appeared on Fool.com.
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From: http://www.dailyfinance.com/2013/04/11/kaydon-corporation-announces-first-quarter-2013-ea/
By Business Wirevia The Motley Fool
Filed under: Investing
MetLife to Hold Conference Call for First Quarter 2013 Results
NEW YORK–(BUSINESS WIRE)– MetLife, Inc. (NYS: MET) will hold its first quarter 2013 earnings conference call and audio Webcast on Thursday, May 2, 2013, from 8:00 to 9:00 a.m. (ET). This will follow MetLife’s issuance of its first quarter 2013 earnings press release on Wednesday, May 1, 2013, after the market closes. The press release will also be available on the MetLife Investor Relations Web page at www.metlife.com.
The conference call will be available live via telephone and the Internet. To listen over the telephone, dial (800) 230-1074 (U.S.) or (612) 288-0337 (outside the U.S.). To listen to the conference call over the Internet, visit www.metlife.com (through a link on the Investor Relations page). Those who want to listen to the call on the telephone or via the Internet should dial in or go to the Web site at least fifteen minutes prior to the call to register, and/or download and install any necessary audio software.
The conference call will be available for replay via telephone and the Internet beginning at 10:00 a.m. (ET) on Thursday, May 2, 2013, until Thursday, May 9, 2013 at 11:59 p.m. (ET). To listen to a replay of the conference call over the telephone, dial (320) 365-3844. The access code for the replay is 277735. To access the replay of the conference call over the Internet, visit the above-mentioned Web site.
MetLife, Inc. is a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
MetLife, Inc.
For Media:
Christopher Breslin, 212-578-8824
or
For Investors:
Edward Spehar, 212-578-7888
KEYWORDS: United States North America New York
INDUSTRY KEYWORDS:
The article MetLife to Hold Conference Call for First Quarter 2013 Results originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved.
From: http://www.dailyfinance.com/2013/04/11/metlife-to-hold-conference-call-for-first-quarter-/
By Business Wirevia The Motley Fool
Filed under: Investing
MoSys to Announce First Quarter Results on April 19, 2013
SANTA CLARA, Calif.–(BUSINESS WIRE)– MoSys, Inc., (NAS: MOSY) , a leader in semiconductor solutions that enable fast, intelligent data access for network and communications systems, today announced it will release its first quarter 2013 financial results on Friday, April 19, 2013, before the market opens. Following the press release, Len Perham, MoSys’ President and Chief Executive Officer, and Jim Sullivan, Chief Financial Officer, will host a live audio webcast and conference call at 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time).
First Quarter 2013 Conference Call and Webcast Information:
Date: Friday, April 19, 2013
Time: 8:30 a.m. Eastern Time (5:30 a.m. Pacific Time)
Conference Call Number: 1-866-318-8615
International Call Number: 1-617-399-5134
Pass Code: 67286312
The conference call replay will be available for 2 business days, beginning two hours after the call. The replay dial-in number is 1-888-286-8010, and the pass code is 85064172. International callers should dial 1-617-801-6888 and enter the same pass code at the prompt. Additionally, this conference call will be broadcast live over the Internet and can be accessed by all interested parties on the Investor Relations section of the Company’s website at http://www.mosys.com.
About MoSys, Inc.
MoSys, Inc. (NAS: MOSY) is an IP-rich fabless semiconductor company that provides high performance solutions for fast, intelligent data access in network and communications systems. Engineered and built for high-reliability carrier and enterprise applications, MoSys’ products are breaking bandwidth barriers™ in data processing to allow for faster packet access and analysis, expanded user capacity and new capabilities required by the expanding global infrastructure. MoSys’ Bandwidth Engine® family of ICs combines the company’s patented 1T-SRAM® high-density, embedded memory and high-speed, 10 Gigabits per second serial interface with its intelligent access technology and a highly efficient GigaChip™ Interface transport protocol to eliminate bottlenecks in high-speed data access. MoSys is headquartered in Santa Clara, California, and more information is available at http://www.mosys.com.
MoSys, 1T-SRAM and Bandwidth Engine are registered trademarks of MoSys, Inc. in the US and/or other countries. Breaking Bandwidth Barriers, GigaChip, LineSpeed and the MoSys logo are trademarks
From: http://www.dailyfinance.com/2013/04/11/mosys-to-announce-first-quarter-results-on-april-1/
By Business Wirevia The Motley Fool
Filed under: Investing
POOLCORP First Quarter 2013 Earnings Results Conference Call
COVINGTON, La.–(BUSINESS WIRE)– POOLCORP (NASDAQ/GSM: POOL) will hold a conference call to discuss First Quarter 2013 results on Thursday, April 18, 2013, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time).
The earnings results will be released before the market opens on April 18, 2013. The press release will be available immediately after publishing on the POOL website at www.poolcorp.com.
The web cast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents (www.streetevents.com), a password-protected event management site.
Pool Corporation is the largest wholesale distributor of swimming pool and related backyard products. Currently, POOL operates 312 sales centers in North America and Europe, through which it distributes more than 160,000 national brand and private label products to roughly 80,000 wholesale customers.
POOLCORP
Craig K. Hubbard, 985-801-5117
Investor Relations
craig.hubbard@poolcorp.com
KEYWORDS: United States North America Louisiana
INDUSTRY KEYWORDS:
The article POOLCORP First Quarter 2013 Earnings Results Conference Call originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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Genesee & Wyoming Reports Traffic for March 2013 and the First Quarter of 2013
GREENWICH, Conn.–(BUSINESS WIRE)– Genesee & Wyoming Inc. (G&W) (NYS: GWR) today reported traffic volumes for March 2013 and the first quarter of 2013.
Beginning in January 2013, G&W is reporting consolidated traffic volumes including carloads from RailAmerica Inc. (RA) railroads that were previously reported separately. To provide comparative context for 2013 consolidated traffic volumes, G&W is providing supplemental 2012 carload information on a pro forma basis as though the RA railroads were owned by G&W on January 1, 2012. In addition, G&W has amended RA‘s 2012 carload information to conform with G&W’s reporting methodology.
G&W’s traffic in March 2013 was 154,077 carloads, an increase of 77,031 carloads, or 100.0%, compared to G&W’s traffic in March 2012, and an increase of 5,198 carloads, or 3.5%, compared to total March 2012 carloads pro forma for the RA acquisition. G&W’s traffic in the first quarter of 2013 was 450,304 carloads, an increase of 228,126 carloads, or 102.7%, compared to G&W’s traffic in the first quarter of 2012, and an increase of 19,387 carloads, or 4.5%, compared to total first quarter of 2012 pro forma for the RA acquisition.
The tables below set forth consolidated summary carload information for March 2013 and March 2012:
By Business Wirevia The Motley Fool
Filed under: Investing
Gartner Says Worldwide PC Shipments in the First Quarter of 2013 Drop to Lowest Levels Since Second Quarter of 2009
All Regions Experienced a Decline in PC Shipments in First Quarter of 2013
STAMFORD, Conn.–(BUSINESS WIRE)– Worldwide PC shipments totaled 79.2 million units in the first quarter of 2013, a 11.2 percent decline from the first quarter of 2012, according to preliminary results by Gartner, Inc. Global PC shipments went below 80 million units for the first time since the second quarter of 2009. All regions showed a decrease in shipments, with the EMEA region experiencing the steepest decline.
“In the first quarter of 2013, it was the fourth consecutive quarter that showed a drop in worldwide PC shipments,” said Mikako Kitagawa, principal analyst at Gartner. “Consumers are migrating content consumption from PCs to other connected devices, such as tablets and smartphones. Even emerging markets, where PC penetration is low, are not expected to be a strong growth area for PC vendors.
“Unlike the consumer PC segment, the professional PC market, which accounts for about half of overall PC shipments, has seen growth, driven by continuing PC refreshes. Despite the fact that some regions already passed the peak of PC refresh, overall professional PC demand continued to grow.”
HP and Lenovo were in a virtual tie for the top position in the first quarter of 2013 (see Table 1). HP had a very challenging quarter, as it recorded its worst shipment decline since the acquisition of Compaq in 2003. HP‘s consumer business negatively affected its overall shipment volume, but its professional business was also under attack by competitors.
By Business Wirevia The Motley Fool
Filed under: Investing
Chevron Issues Interim Update for First Quarter 2013
SAN RAMON, Calif.–(BUSINESS WIRE)– Chevron Corporation (NYS: CVX) today reported its interim update, which contains industry and company operating data for the first two months of the first quarter. Readers are advised that the commentary below compares results for the first two months of the first quarter 2013 to full fourth quarter 2012 results, unless indicated otherwise.
UPSTREAM
U.S. net oil-equivalent production decreased 11,000 barrels per day due to increased maintenance activity in the Gulf of Mexico. International net oil-equivalent production declined 21,000 barrels per day, largely reflecting the timing of cost recovery volumes under various production sharing contracts and weather-related downtime.
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By Business Wirevia The Motley Fool
Filed under: Investing
Elan Announces Webcast of First Quarter 2013 Financial Results
DUBLIN–(BUSINESS WIRE)– Elan Corporation, plc (NYS: ELN) announced today that it will host a conference call on Wednesday, April 24, 2013 at 8:30 a.m. Eastern Time (ET), 1:30 p.m. British Summer Time (BST) with the investment community to discuss Elan’s first quarter 2013 financial results, which will be released before the European and U.S. financial markets open.
Live audio of the conference call will be simultaneously broadcast over the Internet and will be available to investors, members of the news media and the general public.
This event can be accessed by visiting Elan’s website at www.elan.com and clicking on the Investor Relations section, then on the event icon. Following the live webcast, an archived version of the call will be available at the same URL.
About Elan
Elan is a biotechnology company, headquartered in Ireland, committed to making a difference in the lives of patients and their families by dedicating itself to bringing innovations in science to fill significant unmet medical needs that continue to exist around the world. For additional information about Elan, please visit http://www.elan.com.
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Investor Relations:
Chris Burns
Ph: + 1-800-252-3526
David Marshall
Ph:+ 353-1-709-4444
or
Media Relations
Emer Reynolds
Ph: + 353-1-709-4022
Jonathan Birt/FTI Consulting
Ph: + 44-751-559-7858
Jamie Tully/Sard Verbinnen & Co
Ph: + 1-212-687-8080
KEYWORDS: United States Europe North America Ireland
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