29.10.2013 14:04:01
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Stocks To Watch: Oct. 29
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West Corp. (WSTC) now projects fiscal 2013 consolidated revenue in the range of $2.66 billion - $2.68 billion versus prior range of $2.72 billion - $2.77 billion. Further, the company stated, "Despite reduced revenue expectations, we anticipate strong profitability and cash flows. The midpoint of our Free Cash Flow guidance has been increased by $25 million."
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Amkor Technology Inc. (AMKR) projects fourth-quarter earnings in a range of $0.08 to $0.19 per share, on projected net sales between $730 million and $780 million and gross margins of 17 to 20 percent. Analysts currently project earnings of $0.11 per share on quarterly revenues of $736.0 million.
The company added that fourth-quarter sales are expected to be slightly down sequentially. The company expects to benefit from a full quarter of results from the recently acquired power discrete business in Malaysia, but will be offset by seasonal declines in the consumer and computing end markets.
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PRGX Global Inc. (PRGX) reported third-quarter net income of $4.9 million, or $0.16 per share, compared to net earnings of $2.6 million, or $0.10 per share, for the same period in 2012.
Consolidated revenue for the third quarter of 2013 increased 2.5% to $53.4 million compared to $52.1 million in the same prior year period. After adjusting for changes in foreign exchange rates, consolidated revenue for the third quarter of 2013 increased 3.4% compared to the same period in 2012.
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Xylem Inc. (XYL) raised its full year 2013 earnings guidance to a range of $1.60 - $1.65 per share, on projected revenue of about $3.8 billion. Analysts expect the company to report earnings of $1.43 per share, and revenues of $3.73 billion.
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