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Stock Market & Financial Investment News

News For ADI;CFI;FMCN From The Last 14 Days
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June 24, 2015
17:57 EDTADIWall Street applauds Senate giving go-ahead for 'fast track' trade powers
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June 18, 2015
16:15 EDTCFICulp sees Q1 revenue up 1%-4%, consensus $73.5M
“We expect first quarter sales in our mattress fabrics business to be up four percent to eight percent as compared with the same period a year ago. Operating income and margins in this segment are expected to be moderately higher, compared with the same period a year ago. “In our upholstery fabrics business, we expect first quarter sales to be slightly lower compared with the first quarter of fiscal 2015. We believe the upholstery fabrics segment’s operating income and margins will be flat when compared with the same quarter of last year. “Considering these factors, the company expects to report pre-tax income for the first fiscal quarter of 2016 in the range of $5.2M to $5.7M. Pre-tax income for last year’s first quarter was $5.5M. “Based on our current budget, capital expenditures for fiscal 2016 are expected to be approximately $7.5M to $9M, primarily related to our mattress fabrics business. Additionally, the company expects another good year of free cash flow, even after a higher than normal level of capital expenditures and modest growth in working capital.”
16:11 EDTCFICulp reports special cash dividend of 40c per share
The company announced a special cash dividend of 40c per share and a quarterly cash dividend of 6c per share, both payable in July.
16:10 EDTCFICulp reports Q4 EPS 45c, consensus 41c
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08:07 EDTADIAnalog Devices secured design win in next iPhone, says Citi
Citi analyst Christopher Danely says he believes Analog Devices (ADI) has secured a design win in the next generation Apple (AAPL) iPhone. The win could contribute $160M in revenue and 10c in earnings per share in 2016, Danely tells investors today in a research note. He upped his price target for Analog shares to $66 from $55 but keeps a Neutral rating on the name. The analyst believes the Apple design win is already priced in with shares trading at 22 times his 2016 earnings estimate. Danely cites valuation for his Neutral rating on the stock.

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