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Stock Market & Financial Investment News

News Breaks
April 28, 2014
08:40 EDTAVXAVX reports preliminary Q4 EPS 23c, consensus 15c
Reports preliminary Q4 revenue $351.2M, consensus $354.95M. Chairman and CEO, John Gilbertson, stated, "We completed our fiscal year with improved results year over year in terms of both sales and income. Q4 reflected an increase in sales over Q3 indicating continued demand improvement. It has been a good year as we improved operating profit margins in a challenging market as a result of our focus on value added products for our customers, and diligent cost control."
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July 29, 2014
08:34 EDTAVXAVX reports preliminary Q1 EPS 24c, consensus 17c
Reports preliminary Q1 revenue $350.6M, consensus $356.33M. CFO Kurt Cummings, stated, "We generated approximately $78M of cash flow from operations in the quarter as a result of higher net income, lower capital spending and favorable changes in working capital. We continued to use our resources to provide value to our stockholders by paying $16M in dividends." Chairman and CEO, John Gilbertson, stated, "We saw improved Q1 operating results reflecting our focus on the sale of higher value-added components, sales margin management and cost control. The operating profit margin improved to 15.8%, compared to 10.6% for the same quarter last year. Orders for our components and interconnect devices increased this quarter and we are optimistic that the continuing evolution of new electronic devices and improving market confidence will provide growth opportunities during the balance of the fiscal year."

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