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KT’s Q3 Profit Soars – Analyst Blog

Zacks Market Commentaries (November 4th, 2009) Writes:

South Korea’s largest fixed-line carrier, KT Corp. (KTC), announced third quarter results with reported net income increasing 80% year over year to KRW351.4 billion (US$285 million) or KRW1,497 per share (70 cents per ADS). The annualized growth was driven by gains from wireless and a stronger Korean won versus the US dollar, which helped reduce the cost for foreign currency debt. Revenues for the quarter increased 3.9% year over year to KRW4.82 triillion (US$1.97 billion), driven by growth in wireless data and subscriber base. However, operating profit declined 11.7% year over year to KRW413.1 billion (US$335 million) due to increase in depreciation and amortisation costs and higher marketing expenses resulting from intense competiion. KT is battling with its Korean peers SK Telecom (SKM) and LG Dacom to win new customers in a highly matured domestic wireless market, represented by approximately 96% mobile penetration. ...

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Altera Corp. (ALTR) – Bull of the Day

Zacks Market Commentaries (July 8th, 2009) Writes:

Altera Corp. (ALTR) is expected to report Q2 results on July 14, 2009. The company earlier reported revenues of $264.6 million in Q2:09, down 21% y/y and down 16% q/q.

Revenues from all segments were down except for telecom and wireless, which was driven by 3G spending in China. Excluding extra-ordinary items, EPS came in at $0.17.

Going forward, management expects revenues to grow 2%-7% sequentially in Q2 as most of the markets have stabilized and wireless revenues continue to grow. We maintain our Buy rating on the stock with a target price of $18.00.Zacks Investment Research

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Wednesday’s Market Recap (04/22/09)

Bullish Bankers (April 22nd, 2009) Writes:

The markets had mixed results today, as the NASDAQ was up 2.27 points to close at 1646.12, while the other two major indices were down for the day. The S&P 500 and the Dow Jones finished down 0.77% and 1.04% respectively. It was a good day for oil as it settled up at $48.85, as did gold, settling at $892.50. Prices on the 10-year Treasury fell, closing with a yield of 2.942%.

In earnings news, Yahoo [YHOO: 14.48, +0.10 (+0.70%)] reported earnings after hours yesterday, announcing that net income fell to $117.6 million from $537 million a year ago. Net revenues fell to $1.58 billion from $1.81 billion, as the Sunnyvale, Calif. company saw advertising revenue fall over -3% percent in the first quarter. These results did not fare well for CEO Carol Bartz, who took over for Jerry Yang earlier this year, as she has been under pressure from shareholders, who are still

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