IMAX (NYSE: IMAX ) reported results for the first quarter of fiscal year 2013. Non-GAAP earnings fell 9% year over year to $0.08 per share. Sales came in 10.3% lower, at $49.9 million. Analysts had expected adjusted earnings of $0.09 per share on $54.1 million in revenue.
The big-screen ciena technologist installed six full-theater systems, and four joint revenue-sharing venues in this quarter, compared to eight full and eight joint installations in the year-ago period. The backlog of system orders increased from 261, to 283. Production and remastering revenue rose 4.3%. Box office from remastered titles was stable year over year, but average box office per screen fell by 14%.
"We are excited about the promising upcoming lineup of films in IMAX, particularly in the second quarter," said IMAX CEO Richard Gelfond. The second quarter includes high-profile IMAX releases such as Star Trek: Into Darkness, the next Iron Man sequel, and Superman reboot Man of Steel.
Hot Stocks To Watch Right Now: Interserve(IRV.L)
Interserve Plc and its subsidiaries offer advice, design, construction, equipment, and operational services for society's infrastructure in the United Kingdom and internationally. The company?s Support Services division provides outsourced support services to public and private-sector clients, focusing on the integrated management and delivery of services at a strategic level. Its Project Services division engages in the design and construction of buildings and infrastructure, focusing on long-term relationships through structures, such as framework agreements and PFI projects. The company?s Equipment Services division engages in the design, hire, and sale of formwork, falsework, and associated access equipment for infrastructure and building projects. The company was formerly known as Tilbury Douglas Plc and changed its name to Interserve Plc in 2001. Interserve was founded in 1884 and is headquartered in Reading, the United Kingdom.
Hot Stocks To Watch Right Now: Valero Energy Corporation(VLO)
Valero Energy Corporation operates as an independent petroleum refining and marketing company. The company operates through three segments: Refining, Ethanol, and Retail. The Refining segment engages in refining, wholesale marketing, product supply and distribution, and transportation operations. It produces conventional gasoline, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products. This segment also offers conventional blendstock for oxygenate blending, reformulated gasoline blendstock for oxygenate blending, gasoline meeting the specifications of the California Air Resources Board (CARB), CARB diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel. The Ethanol segment produces ethanol and distillers grains. The Retail segment sells transportation fuels at retail stores and unattended self-service cardlocks; convenience store merchandise and services in retail stores; and home heating oil to residential customers. Valero Energy Corpora tion markets its refined products through bulk and rack marketing network; and sells refined products through a network of approximately 6,800 retail and wholesale branded outlets under the Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, and Texaco names in the United States, Canada, the United Kingdom, Aruba, and Ireland. As of December 31, 2011, it owned 16 petroleum refineries with a combined throughput capacity of approximately 3.0 million barrels per day; and operated 10 ethanol plants with a combined nameplate production capacity of approximately 1.1 billion gallons per year. The company was formerly known as Valero Refining and Marketing Company and changed its name to Valero Energy Corporation in August 1997. Valero Energy Corporation was founded in 1955 and is based in San Antonio, Texas.
Top Tech Stocks For 2014: Lionbridge Technologies Inc.(LIOX)
Lionbridge Technologies, Inc. provides language, development, and testing services. Its Global Language and Content segment provides product localization services, such as creating foreign language versions of its clients? products and software applications, including the user interface, online help systems, and documentation; and content translation services, such as translating and maintaining clients? Web-based content, eLearning courseware and training materials, technical support, and sales and marketing information. It also offers technical authoring, eLearning courseware development, and production and integration of content; and global language and content services delivery. The company?s Global Development and Testing segment develops and maintains on-premise, SaaS, and smart phone and tablet applications, as well as provides Web production services. This segment also offers various testing services under the VeriTest brand, including managed test teams, test proc ess design, test automation, functional testing, performance testing, globalization testing, and product certification. In addition, it provides specialized search relevance, online content editorial, keyword optimization, and related services. Its Interpretation segment offers interpretation services for government business and healthcare organizations that require experienced linguists to facilitate communication. It provides interpretation communication services, such as onsite interpretation, over-the-phone interpretation and interpreter testing, training, and assessment services in approximately 360 languages and dialects. The company serves the technology, mobile and telecommunications, Internet and media, life sciences, government, manufacturing, automotive, retail, and aerospace sectors in the Americas, Europe, and Asia. Lionbridge Technologies, Inc. was founded in 1996 and is headquartered in Waltham, Massachusetts.
Advisors' Opinion:- [By Vodicka]
Lionbridge Technologies (NASDAQ: LIOX) provides language, development and testing services to businesses all over the world. Its focus is on technology, and it helps its clients manage their enterprise content and technology applications, and supports those efforts with training materials, as well as sales and marketing information. By affecting optimal communication in local languages, it helps its clients capture market share, escalate adoption of their global content and products, increase the return on their enterprise application investments and boost workforce productivity. All while reducing costs! So it’s no wonder that the 10 largest software companies and the five largest Internet portals in the world use LIOX to help them internationalize their products and services.
This strong customer base helped the company weather the recession, as its top 10 customers expanded their business by more than 8% in the fourth quarter over the third quarter. This helped the company generate $11.7 million in cash flow, improve its gross profit to 33.5% and revenues grow 7% quarter over quarter. That’s definitely a great sign, especially since technology spending is taking flight, and globalization of industry is in a rapid phase of expansion. Buy LIOX under $4.50.
Hot Stocks To Watch Right Now: Lht Holdings Limited (L10.SI)
LHT Holdings Limited engages in the manufacture and trade of wooden pallets and timber related products in Singapore and Malaysia. It operates in three segments: Pallet/Packaging, Timber Related Products, and Technical Wood Products. The Pallets/Packaging segment primarily engages in the manufacture and supply of wooden pallets and cases for packing industrial products. The Timber Related Products segment is involved in trading raw timber related products. The Technical Wood Products segment engages in the manufacture of technical wood and technical wood floorings, as well as wood waste collection and recycling, and pallet rental and services. The company also operates as a timber merchant, saw miller, commission agent, and dealers in wood products, pallets, and packaging; and provides logistics support, industrial packaging, and heat treatment services. LHT Holdings Limited was founded in 1977 and is based in Singapore.
Hot Stocks To Watch Right Now: Latrobe Magnesium Ltd (LMG.AX)
Latrobe Magnesium Limited focuses on the production of magnesium metal through the combined hydromet/thermal reduction process in Australia. The company primarily holds interests in the Latrobe Magnesium project located in the Latrobe Valley, Victoria. It intends to harvest magnesium metal from industrial fly ash, which is a waste product of brown coal power generation. The company was formerly known as Rambora Technologies Limited and changed its name to Latrobe Magnesium Limited in September 2002. Latrobe Magnesium Limited is based in Sydney, Australia.
Hot Stocks To Watch Right Now: Ultra Clean Holdings Inc.(UCTT)
Ultra Clean Holdings, Inc., together with its subsidiaries, engages in the design, development, engineering, manufacture, and sale of critical modules and subsystems primarily to original equipment manufacturers in semiconductor capital equipment, flat panel, medical, energy, and research industries. It offers gas delivery systems that control the flow, pressure, sequencing, and mixing of specialty gases into and out of the reaction chambers of semiconductor manufacturing tools; chemical mechanical planarization modules; chemical delivery modules, which deliver gases and reactive chemicals from a centralized subsystem to the reaction chamber; and top-plate assemblies that form the top portion of the reaction chamber. The company also provides frame assemblies that form the support structure to which other assemblies are attached and include pneumatic harnesses and cables that connect other critical subsystems together; process modules, which are subsystems of semiconductor manufacturing tools that process integrated circuits onto wafers; and other high level assemblies for use in semiconductor manufacturing, research, flat panel, energy, and medical equipment industries. It sells its products through its direct sales force primarily in North America, Asia, and Europe. Ultra Clean Holding, Inc. was founded in 1991 and is headquartered in Hayward, California.
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