Revenue for the quarter that ended Aug. 31 was $1.6 billion, with a net loss of $965 million, or $1.84 a share. That compares with revenue of $2.9 billion and a loss of $229 million, or 44 cents a share, for the same quarter last year.
Adjusted net loss from continuing operations was $248 million, or 47 cents per share. The per-share loss was on the low side of the 47 cent-to-51-cent range that BlackBerry warned of last week, when it announced preliminary results and plans to lay off 4,500 employees. Wall Street analysts had expected a loss of 49 cents a share.
Most of the financial results tracked last week's announcement. But BlackBerry disclosed that its operations consumed roughly $136 million in cash. That compares with $630 million in cash flow from operations in the previous quarter that ended June 1.
Top 10 Mid Cap Companies To Watch For 2015: Atwood Oceanics Inc. (ATW)
Atwood Oceanics, Inc., together with its subsidiaries, engages in offshore drilling, and the completion of exploratory and developmental oil and gas wells. The company owns semisubmersible rigs, semisubmersible tender assist rigs, jack-up drilling rigs, and submersible drilling rigs. As of November 22, 2010, it operated nine mobile offshore drilling units located in offshore southeast Asia, offshore Africa, offshore Australia, offshore South America, and the Mediterranean Sea. The company was founded in 1968 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Ben Levisohn]
See, the offshore drillers have been reporting earnings results, and really, they haven’t been that bad. Diamond Offshore beat by 15 cents yesterday, Atwood Oceanics (ATW) beat by 12 cents this week, and in January�Noble�(NE) reported results in line with analyst forecasts.
- [By Marc Courtenay]
That's said, I'd also consider Atwood Oceanics (ATW) an even more irresistible acquisition bulls-eye. This Houston, Texas firm is an offshore drilling contractor that engages in the drilling and completion of exploratory and developmental oil and gas wells.
- [By Ben Levisohn]
We do not see an immediate inflection in group sentiment but see an opportunity in getting paid to wait for a market recovery. Our favorite yield plays include [Seadrill, Seadrill Partners, and North Atlantic Drilling.] Meanwhile, we would stick to premium asset exposure ([Atwood Oceanics (ATW), Ensco (ESV), Pacific Drilling (PACD]) over lower- end fleets ([Diamond Offshore Drilling (DO), Noble (NE), Transocean (RIG)]).
5 Best Integrated Utility Stocks To Watch For 2014: Reliance Steel & Aluminum Co.(RS)
Reliance Steel & Aluminum Co. operates as a metals service center company primarily in the United States and Canada. The company provides metals processing services and distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products to mills and original equipment manufacturers. Its processing services comprise cutting, leveling, sawing, machining, or electropolishing. The company also offers a range of metal perforating and fabrication services; and steel and alloy pipes, tube and bar products, and precision manufacturing of various tools designed for the global energy service companies. Reliance Steel & Aluminum Co. serves manufacturers and end-users in the general manufacturing, non-residential construction, transportation, aerospace, energy, electronics, and semiconductor fabrication and related industries. As of December 31, 2011, it maintained approximately 220 metals service center processing and distribution facilities in the United States, Belgium, Canada, China, Malaysia, Mexico, Singapore, South Korea, the United Arab Emirates, and the United Kingdom. The company was founded in 1939 and is headquartered in Los Angeles, California.
Advisors' Opinion:- [By Kelley Wright]
Reliance Steel & Aluminum (RS)��ielding 1.8%.
The Timely Ten is comprised of stocks from the Undervalued category, based on dividend parameters. They generally have an S&P Dividend & Earnings Quality ranking of A- or better, and show exemplary long-term dividend growth.
- [By Kelley Wright]
Reliance Steel & Aluminum (RS) is North America's largest metals service company and is looking to get even bigger. The company has increased dividends 20 times since its IPO in 1994, so its designation for outstanding dividend growth is a no-brainer.
- [By Ben Levisohn]
That dynamic means that companies that can benefit from construction strength and cut costs will outperform others. For that reason, Murphy keeps Nucor (NUE) and�Steel Dynamics (STLD) at Buy. He wasn’t so kind to Reliance Steel (RS), US Steel (X) and AK Steel (AKS), which were all cut, though for different reasons.
- [By Dan Caplinger]
Reliance Steel & Aluminum (NYSE: RS ) : up 100%
The steel industry has been struggling lately, so it's especially remarkable to see Reliance Steel having made not one but two dividend increases in the past year. With increases from $0.15 per share last May to $0.25 in August and then to $0.30 in March, Reliance is bucking the negative trends in steel. What's especially noteworthy is that the company raised its payout even after announcing more than a $750 million deal to buy Metals USA in February -- a move that might have led other companies to rein in its payouts.
5 Best Integrated Utility Stocks To Watch For 2014: Balfour Beatty PLC (BIH)
Balfour Beatty plc is a global infrastructure company that delivers services essential to the development, creation and care of infrastructure assets; from finance and development, through design and project management to construction and maintenance. The Company operates in four segments: Professional Services segment is engaged in the provision of project management; Construction Services segment is engaged in the activities resulting in the physical construction of an asset; Support Services segment is engaged in the activities, which support existing assets or functions, and Infrastructure Investments segment is engaged in the acquisition, operation and disposal of infrastructure assets, such as PPP concessions and airports. In July 2013, it announced the disposal of its 50% interest in the Salford Hospital PFI asset. In December 2013, Balfour Beatty Plc completed the sale of its UK facilities management business to GDF Suez Energy Services. Advisors' Opinion:- [By Vanina Egea]
A few companies excel over their market peers, granting them an unconventional competitive advantage. Everybody knows the market leaders, or the mammoth companies, but there are other particular services that can give a firm greater exposure. No other example is more relevant than the rotary rig count offered by Baker Hughes (BIH). The Baker Hughes Rig Counts provides a weekly count of U.S. and Canadian drilling activity to the industry since 1944, and has become an important business barometer for the drilling industry and its suppliers. Most importantly, the index allows industry analysts to identify industry trends, while providing valuable information to prospect investors beyond Baker Hughes itself. After experiencing a decline in performance from mid-2011 to the end of 2012, the company saw great improvement in overall performance during 2013. Can the trend be expected to continue?
5 Best Integrated Utility Stocks To Watch For 2014: Orchids Paper Products Company(TIS)
Orchids Paper Products Company manufactures private label tissue products for the consumer market in the United States. Its product line includes paper towels, bathroom tissue, and paper napkins. The company also offers its products under the Orchids, Velvet, Colortex, Ultra Valu, Dri-Mop, Big Mopper, Soft & Fluffy, Tackle, My-Size, and Care brand names. It serves value retailers (dollar stores), discount retailers, grocery stores, grocery wholesalers and cooperatives, and convenience stores. The company markets its products directly, as well as through independent brokers. Orchids Paper Products Company was founded in 1976 and is headquartered in Pryor, Oklahoma.
Advisors' Opinion:- [By David Goodboy]
My next step was to locate stocks in this industry. One company stood out above the rest as a top performer with plenty of upside. That company is Orchids Paper Products Co. (NYSE: TIS).
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