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Stock Market & Financial Investment News

News Breaks
July 3, 2014
07:03 EDTKVHIKVH Industries acquires Videotel for $48.9M
KVH Industries announced that it has acquired Videotel, a producer of training films and e-Learning services for the commercial maritime industry. The $48.9M transaction is anticipated to be accretive to KVH FY14 EPS. The company financed the transaction from its cash on hand and proceeds from a new credit facility. The audited financial statements of the acquired Videotel group companies showed annual combined revenues in 2013 of GBP 14M, of which approximately 93% was derived from multi-year subscription-based services. During 2013, Videotel's combined gross profit margin was approximately 73%.
News For KVHI From The Last 14 Days
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July 30, 2014
07:17 EDTKVHIKVH Industries sees Q4 GAAP EPS 10c-15c
07:17 EDTKVHIKVH Industries sees Q3 GAAP EPS 3c-8c, consensus 17c
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07:16 EDTKVHIKVH Industries: Videotel acquisition may impact results for remainder of 2014
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07:15 EDTKVHIKVH Industries reports Q2 non-GAAP EPS 5c, consensus 4c
Reports Q2 revenue $40.92M, consensus $43.4M

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