|By PR Newswire||
|October 25, 2013 08:01 AM EDT||
NEW YORK, October 25, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting EMC Corporation (NYSE: EMC), Yahoo! Inc. (NASDAQ: YHOO), Texas Instruments Incorporated (NASDAQ: TXN), SolarCity Corp. (NASDAQ: SCTY), and Cree, Inc. (NASDAQ: CREE). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
EMC Corporation Research Report
On October 22, 2013, EMC Corporation (EMC) reported its Q3 2013 financial results. The Company's revenues increased 4.9% YoY to $5.5 billion during the quarter. Net income attributable to EMC was $586 million or $0.27 per diluted share in Q3 2013, down compared to net income attributable to EMC of $626 million or $0.28 per diluted share in Q3 2012. Commenting on the results, Joe Tucci, EMC Chairman and CEO, said, "The EMC federation across EMC Information Infrastructure, VMware and Pivotal continues to be well positioned in our target markets and very well received by customers and partners. We leveraged the unique power of our business model in the quarter to expand our technology portfolio, strengthen our partner ecosystem and extend our leadership in cloud computing, Big Data and trusted IT. Despite our disappointment with our quarterly results, our confidence in the success of our strategy over the long term has never been stronger." The Full Research Report on EMC Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/e5f1_EMC]
Yahoo! Inc. Research Report
On October 21, 2013, Yahoo! Inc. (Yahoo) announced that David Pogue will join Yahoo to lead the Company's consumer technology content. The Company said that in this role, David will lead a major expansion of consumer tech coverage on Yahoo and will publish columns, blog posts, video stories, and more, starting in late 2013. Marissa Mayer, CEO of Yahoo, said, "Yahoo is in a unique position to bring to life great editorial about the technology consumers are using every day. David is tremendously talented, has a great sense of humor, and is one of the best technology experts I've ever encountered. I can't think of a more perfect person to make technology more accessible and helpful for the hundreds of millions of people who come to Yahoo every day." The Full Research Report on Yahoo! Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/5cdb_YHOO]
Texas Instruments Incorporated Research Report
On October 21, 2013, Texas Instruments Incorporated (TI) reported its Q3 2013 financial results. The Company's revenue declined 4.3% YoY to $3.2 billion during the quarter. Net income was $629 million or $0.56 per diluted share in Q3 2013, down compared to net income of $784 million or $0.67 per diluted share in Q3 2012. Commenting on the results, Rich Templeton, TI's Chairman, President and CEO, said, "Our third-quarter performance reflects the positive structural changes we've made at TI over the past few years as we've focused on Analog and Embedded Processing." He added, "Earnings per share were higher than expected due to better revenue and gross profit, tight expense control and discrete tax items. Gross margin of 54.8 percent was an all-time high for TI, exceeding the prior record set in the third quarter of 2010, even though both revenue and factory utilization were lower. We believe this reflects the increased quality of revenue that comes from our focus on Analog and Embedded Processing and the efficiency of our manufacturing strategy." The Full Research Report on Texas Instruments Incorporated - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/ca54_TXN]
SolarCity Corp. Research Report
On October 22, 2013, SolarCity Corp. (SolarCity) announced that the Company has begun work on a 1-megawatt (mW) solar system for the South Central Regional Water Authority in Hamden, Connecticut. The Company reported that the 1 mW ground-mounted system is expected to provide more than 1.4 million kilowatt-hours (kWh) of energy each year, enough to power more than 120 average-sized Connecticut homes. SolarCity added that the Regional Water Authority (RWA) will save money by paying less for the solar power than they're currently paying for utility power, while also reducing both pollution and water use. The Full Research Report on SolarCity Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/9fe0_SCTY]
Cree, Inc. Research Report
On October 22, 2013, Cree, Inc. (Cree) reported its Q1 FY 2014 financial results (period ended September 29, 2013). The Company's net revenue increased 23.8% YoY to $391.0 million during the quarter. The Company's net income was $30.5 million or $0.25 per diluted share in Q1 FY 2014, compared to net income of $16.1 million or $0.14 per diluted share in Q1 FY 2013. Chuck Swoboda, Cree's Chairman and CEO, said, "The strong performance was primarily due to increased sales of our lighting products, higher gross margins and improved operating leverage across the business. Based on our backlog, current sales activity and project forecasts, we are targeting growth in all product segments in Q2, led by growth in LED fixtures and the Cree® LED bulb." The Full Research Report on Cree, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/feac_CREE]
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SOURCE Analysts' Corner