Blog Posts by Daniel Gross

  • Lydall Announces Financial Results for the Second Quarter Ended June 30, 2015

    • EPS of $0.64 per share on sales of $134.6 million
    • Operating margin of 12.7%, up 160 basis points versus adjusted Q2 2014 operating margin
    • Organic sales down 70 basis points and unfavorable foreign currency translation of 5.5%

    MANCHESTER, Conn., Aug. 04, 2015 (GLOBE NEWSWIRE) -- LYDALL, INC. (LDL) today announced financial results for the second quarter ended June 30, 2015.

    Net sales were $134.6 million compared to $148.8 million in the second quarter of 2014, with the reduction primarily driven by unfavorable foreign currency translation and the divestiture of a non-core business in the first quarter of 2015.  Net income was $10.8 million, or $0.64 per diluted share, in the second quarter of 2015 compared to $8.2 million, or $0.49 per diluted share, in the second quarter of 2014.  Changes in foreign currency translation rates decreased EPS by $0.03 per share in Q2 2015 compared to Q2 2014.  Excluding the impact of foreign currency translation, earnings per share in the current quarter

    Read More »from Lydall Announces Financial Results for the Second Quarter Ended June 30, 2015
    Contact:

    For further information:
    David D. Glenn
    Vice President, Business Development
    and Investor Relations
    Telephone 860-646-1233
    Facsimile 860-646-4917
    info@lydall.com
    www.lydall.com
  • Daily Markets Briefing: STI down 0.4%

    Expect more losses today.

    According to OCBC, the muted showing on Wall Street overnight is again unlikely to lift local sentiment much this morning; the Nikkei has opened 0.2% lower.

    Here's more from OCBC:

    As before, we could see investors continuing to move to the sidelines ahead of the upcoming long weekend (market is shut on Friday and Monday here).

    Still, we do note that the STI could stage a technical rebound soon, with the daily RSI now showing oversold signals; but the MACD is still mired deep inside the negative region though.

    Hence, we think that failure to convincingly clear the initial 3202 hurdle could encourage investors to sell into strength.

    On the downside, we peg the immediate support at 3150, ahead of 3100.  



    More From Singapore Business Review
    Read More »from Daily Markets Briefing: STI down 0.4%
  • The won declined along with stocks and bonds on prospects global funds will pull more money from the nation’s assets as the U.S. edges closer to raising interest rates, just as South Korea’s economy is slowing.

    The won is leading a three-month loss among Asia currencies and Bank of Korea data Wednesday showed foreign-exchange reserves fell 1 percent to $370.8 billion in July. A dollar gauge rose to a four-month high after a voting member of the U.S. Federal Open Market Committee said September may be appropriate for a rate increase.

    More from Bloomberg.com: Sex Slaves Sold by Islamic State, the Younger the Better

    Korea’s currency dropped 0.5 percent to 1,170.78 a dollar as of 10:12 a.m. in Seoul, according to data compiled by Bloomberg. It has lost 7.6 percent in three months, the biggest decline ahead of Malaysia’s ringgit. The Kospi index of shares was down 0.1 percent on Wednesday.

    “Dollar-buying sentiment revived,” said Jahng Won, a foreign-exchange trader at Shinhan Bank in Seoul.

    Read More »from Won Falls on Concern More Funds Will Exit as Fed Rate Hike Nears
  • Noah Holdings Shares Can Rise 35% in Coming Year

    Amid chaos in China’s stock market, a Shanghai-based investment advisor is prospering. On Monday, Noah Holdings reported second-quarter profit that was 19% higher than a year earlier. Yet its American depositary receipts (NOAH) have tumbled of late. On Tuesday, one U.S. investment bank recommended a purchase, predicting upside of more than 35% over the next year. Noah Holdings was founded a decade ago and went public on the New York Stock Exchange in 2010. Its ADRs were initially priced at $12 apiece and closed their first day of trading near $16, or more than 50 times that year’s earnings. They peaked in May at over $37 but have since slid back to $24.19. The company’s revenue and profit, meanwhile, have multiplied since 2010. The recent share price is 14.5 times this year’s projected earnings per ADR. And the company could have plenty of fast growth ahead. Noah takes an asset-light approach to investing, routing client money to outside products in exchange for fees, both upfront and

    Read More »from Noah Holdings Shares Can Rise 35% in Coming Year
  • Parker Drilling Reports 2015 Second Quarter Results

    HOUSTON, Aug. 4, 2015 /PRNewswire/ -- Parker Drilling Company (PKD) today announced a net loss of $14.0 million, or $0.11 loss per share on revenues of $185.9 million for the second quarter ended June 30, 2015. The results include a $2.3 million pre-tax expense to increase the provision for the reduction in carrying value of certain assets related to the Company's international rental tools and drilling rigs. Excluding this expense, the adjusted loss per share was $0.10.

    Second quarter adjusted EBITDA was $32.8 million, compared with $53.4 million for the preceding quarter.

    Gary Rich, Chairman, President and CEO of the Company, said, "As expected, results in the second quarter were down versus the first quarter as we experienced lower global drilling activity.  Despite a 35 percent sequential decline in the average number of rigs drilling for oil and gas in the U.S., our U.S. rental tools revenues were only 23 percent lower, reflecting our efforts to maintain our market position, both

    Read More »from Parker Drilling Reports 2015 Second Quarter Results
  • Japan Stocks Attractive on Buyback Prospects

    Stephen Davies, chief executive officer at Javelin Wealth Management, talks about his investment strategy for Asia.

    He speaks with Shery Ahn on Bloomberg Television's "First Up." (Source: Bloomberg)

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  • August Issue of The Canadian Business Journal Now Available

    MISSISSAUGA, ONTARIO--(Marketwired - Aug 4, 2015) - The August issue of The Canadian Business Journal is available at www.cbj.ca. Click here to enter the publication directly. Click "Full Screen" on the bottom navigation pane for optimal viewing.

    Our cover story focuses on the continuing financial turmoil in Greece from a Canadian perspective. We speak with three of this country's preeminent economists to get their take on that aspect, and Canada's overall economic outlook heading into the second part of 2015.

    Tina Tehranchian provides an interesting look at how the federal budget may impact on your financial planning. Mark Borkowski delves into the crude feud and why oil prices have dropped so dramatically, and will likely remain low for the foreseeable future while Marc Bazinet of Statistics Canada offers up excellent analysis on the misconceptions about the Consumer Price Index and the negative repercussions it can have.

    This edition also has an

    Read More »from August Issue of The Canadian Business Journal Now Available
    Contact:
    The Canadian Business Journal
    Angus Gillespie
    Editor-in-Chief - George Media Inc.
    (416) 642-7687
    angus@cbj.ca

  • EU, Vietnam to Scrap Taxes on $31 Billion of Trade

    Bloomberg's Haslinda Amin reports on the trade deal between the EU and Vietnam. She speaks with Bloomberg's Shery Ahn on "First Up." (Source: Bloomberg)

    More from Bloomberg.com

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  • Radient Technologies Inc. Releases Fourth Quarter and Year End Results

    EDMONTON, Aug. 4, 2015 /CNW/ - Radient Technologies Inc. (RTI.V) (the "Corporation") announced today that it has released its financial results for the fourth quarter and its fiscal year ended March 31, 2015. The audited financial statements, Management's Discussion and Analysis, and the CEO & CFO certifications for the three month and twelve month periods ended March 31, 2015 are available on www.SEDAR.com.

    Current Financial Situation
    The Corporation is currently experiencing a significant cash shortage. The Corporation urgently needs to secure additional financing arrangements in order to fund its current working capital deficit and to fund its continuing operations and corporate administration costs so as to continue as a going concern.  The board of directors of the Corporation is currently advancing a variety of alternatives to address the Corporation's financial situation.

    To partially alleviate this issue, as previously announced the Corporation completed in tranches a

    Read More »from Radient Technologies Inc. Releases Fourth Quarter and Year End Results
  • A 15-year-old Google Science Fair finalist came up with a genius way to transport vaccines

    Google Science Fair

    Screenshot / YouTube

    Anurudh Ganesan with his prototype

    When Anurudh Ganesan was an infant in India, his grandparents had to carry him nearly 10 miles to get vaccinated. But by the time they arrived at the designated location, the treatment had become ineffective due to lack of refrigeration.

    Ganesan survived, but hearing the story from his family for years left a lasting impact on him.

    “For many, that trek to be vaccinated is a matter of life and death,” he writes. In 2013, approximately 1.5 million children died because they didn’t receive appropriate and effective vaccines, according to the World Health Organization.

    Ganesan vowed to come up with a solution.

    The 15-year-old just won a spot as one of Google’s 20 Global Science Fair finalists for proposing a new way to transport vaccines during the critical “last leg” of their transportation journey. When healthcare workers are transporting a vaccine to the person who needs it, they have to make sure it remains at a very

    Read More »from A 15-year-old Google Science Fair finalist came up with a genius way to transport vaccines

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