Atwood Oceanics Beats Earnings Estimate
Shares of Atwood Oceanics, Inc. (NYSE:ATW) have skyrocketed by more than 29% today on the back of the company posting fiscal second quarter earnings of $1.89 per share, better than the expected $1.59. The Houston based drilling contractor’s revenue declined by 15% on the year to $296.40 million, missing the $296.8 million estimate by a small margin. With ownership of more than 3.1 million shares, Israel Englander’s Millennium Management stood out among the 18 hedge funds from our database that held long positions in Atwood Oceanics, Inc. (NYSE:ATW) at the end of the last year
LSB Industries Misses Estimates, Ready to Launch Ammonia Plant
LSB Industries, Inc. (NYSE:LXU) posted an adjusted net loss of $0.47 per share for the first quarter, worse than estimates of $0.30 a share loss. Revenue declined by 14.6% year-over-year to $165.6 million, but beat the expectations of $159.18 million. In a statement, Dan Greenwell, the CEO of chemicals and climate Control Company, said that the company is making progress to increase its profitability and that it is nearing a transformative development as a public company. Mr. Greenwell also announced that LSB Industries’ new 375,000-ton-per-year ammonia plant at the El Dorado facility is in the final stages of launch. LSB Industries, Inc. (NYSE:LXU)’s shares have surged by over 30% today. Overall, 13 funds that we track held positions in LSB Industries, Inc. (NYSE:LXU) at the end of 2015. As of the end of March, Murray Stahl’s Horizon Asset Management owns 793,390 shares of the company.
Sierra Wireless Surpasses Estimates
Sierra Wireless, Inc. (USA) (NASDAQ:SWIR)’s stock has jumped by 28% after the company reported better-than-expected financial results on Thursday evening. The wireless equipment maker posted first-quarter EPS of $0.08, above estimates of $0.01. Revenue of $142.8 million also surpassed the expectations of $139.85 million. For the full year, the company expects EPS between $0.60 and $0.90, versus the consensus estimate of $0.69. During the earnings call, Sierra Wireless CEO, Jason Cohenour, said that the company expects strength in its business as it plans to introduce new Internet of Things products and customer programs. Six investors from our database held shares of Sierra Wireless, Inc. (USA) (NASDAQ:SWIR) at the end of 2015, down from nine hedge funds a quarter earlier.