NEW YORK, December 17, 2014 /PRNewswire/ --
Moments ago, Realtime Equities released new analyst updates
concerning several important developing situations including
Magnetek (NASDAQ: MAG), Malibu Boats (NASDAQ: MBUU), Matthews
(NASDAQ: MATW), Mercury (NASDAQ: MRCY), and Mesa (NASDAQ: MLAB).
Realtime Equities is the leader in realtime news, commentary and
analysis - proudly employing registered CFA® research staff and
rigorous compliance procedures. The full research reports are being
made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis,
please visit the links at the bottom.
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Analyst Update: Quarterly Results and New Orders
Reviewed by: Rohit Tuli,
CFA®
The US stock market on Tuesday witnessed its most volatile
session since mid-October. Markets ended on a negative note amid
slumping oil prices and growing chaos in Russia, represented by a massive decline of
the ruble. The NASDAQ Composite edged 1.24% lower, the Dow Jones
Industrial Average declined 0.65% and the S&P 500 fell 0.85%. A
global emerging -market selloff which started on Monday, further
pressurized Asia and the Asian
stock market on Tuesday, which ended the day in red. On the other
hand, the European Markets on December 16,
2014 closed on a positive note led by a surge in energy
shares. Further, positive data from a German analyst, an
investor sentiment ZEW survey and a fund manager survey from Bank
of America Merrill Lynch helped sustain the investor sentiment in
the European Market.
Net sales of Magnetek, Inc. (Magnetek) for Q3 2014 (period ended
September 28, 2014) accelerated by
13.7% YoY and reached $29.6 million,
on account of higher sales into material handling markets amounting
to $21.9 million and higher sales
into elevator markets of $6.2
million.
Malibu Boats, Inc. (Malibu Boats) reported Q1 FY 2015 (period
ended September 30, 2014) financial
results in line with the Company's expectations. The Company
reported a 1.8% YoY increase in the unit volume to 673 boats and
8.1% YoY increase in net sales per unit totaling $70,815, resulting in a 10.1% YoY increase in
revenue amounting to $47.7
million.
Adjusted earnings of Matthews International Corporation
(Matthews) for FY 2014 reached $2.74
per share, up by 5.8% YoY, while consolidated sales increased 12.3%
YoY to 1.1 billion.
Mercury Systems, Inc. (Mercury) announced on December 10, 2014 that it has received a
$2.6 million purchase order relating
to a sensor processing application for fighter aircraft, which was
booked in the Company's Q2 FY 2015.
Mesa Laboratories, Inc. (Mesa) reported strong financial results
for Q2 2014 (period ended September 30,
2014) with revenues up by 46% YoY, which was 13% higher than
the previous record set last quarter. Net income also witnessed a
growth of 58% YoY.
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Today's update concerns the following companies:
============
Full PDF Download Links (you may have to copy and paste the
following links into your browser):
MAG Research Report: (
http://get.realtimeequities.com/pdf/?c=Magnetek&d=17-Dec-2014&s=MAG
),
MBUU Research Report: (
http://get.realtimeequities.com/pdf/?c=Malibu%20Boats&d=17-Dec-2014&s=MBUU
),
MATW Research Report: (
http://get.realtimeequities.com/pdf/?c=Matthews%20International&d=17-Dec-2014&s=MATW
),
MRCY Research Report: (
http://get.realtimeequities.com/pdf/?c=Mercury%20Systems&d=17-Dec-2014&s=MRCY
),
MLAB Research Report: (
http://get.realtimeequities.com/pdf/?c=Mesa%20Laboratories&d=17-Dec-2014&s=MLAB
).
============
--
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independent source and our views do not reflect the companies
mentioned.
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