Tahoe Resources Inc.

Published : August 05th, 2015

7:56 am Tahoe Resources appoints Executive Chair Kevin McArthur, as its new CEO

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7:56 am Tahoe Resources appoints Executive Chair Kevin McArthur, as its new CEO

7:50 am Asian Markets Close: Japan's Nikkei +0.3%; Hong Kong's Hang Seng +0.7%; China's Shanghai Composite +2.3% (:SUMRX) : Trading action was mixed in Asian-Pacific markets to end the week. China's Shanghai Composite surged 2.3% amid state-media reports suggesting China funds have a lot of yuan at the ready to deploy in the stock market; meanwhile, Australia slumped 2.4% in a broad-based selloff paced by its financial sector.

Economic Data

  • Japan
    • Bank of Japan leaves key interest rate unchanged at 0.10%, as expected
  • Australia
    • June Home Loans +4.4% month-over-month (expected +5.0%; prior -7.3%)
    • July AIG Construction Index 47.1 (prior 46.0)
    • June Invest Housing Finance -0.7% month-over-month (prior -3.2%)
Equity Markets
  • Japan's Nikkei increased 0.3% and closed near its highs for the day after the Bank of Japan held its key lending rate unchanged at 0.10%, as expected. Leadership was provided by the consumer staples (+3.6%), materials (+2.1%), and industrials (+1.3%) sectors. Top gainers included Taiheiyo Cement (+4.8%), Nikon (+4.7%), and Daikin Industries (+4.1%). The biggest laggards were Mitsumi Electric (-8.6%), Konica Minolta (-8.5%), and Ricoh (-4.7%). Out of the 225 index members, 142 ended higher, 77 finished lower, and 6 were unchanged. For the week, the Nikkei was up 0.7%.
  • Hong Kong's Hang Seng increased 0.7%, following the favorable path traveled by mainland markets. China Shenhua Energy (+4.2%), Hong Kong Exchanges and Clearing (+3.4%), and Galaxy Entertainment (+3.4%) topped the list of winners while Belle International Holdings (-2.2%), Cheung Kong Property Holdings (-1.4%), and Want Want China Holdings (-1.3%) were at the bottom of the barrel. Out of the 50 index members, 35 ended higher and 15 finished lower. For the week, the Hang Seng declined 0.3%.
  • China's Shanghai Composite jumped 2.3% on state media reports suggesting funds in China have a lot of yuan on the sidelines waiting to be deployed in the stock market. Friday's advance made the difference for the Shanghai Composite, which increased 2.2% for the week.
  • India's Sensex declined 0.2%, ending the session on a soft note. Weakness in the industrials (-0.7%) and financials (-0.6%) sectors weighed on the index. Bharat Heavy Electricals (-5.8%), Coal India (-3.9%), and State Bank of India (-2.7%) were the worst-performing issues. Oil & Natural Gas Co. (+4.4%), Tata Motors (+2.7%), and Vedanta (+2.1%) topped the list of winners. Out of the 30 index members, 11 ended higher and 19 finished lower. For the week, the Sensex increased 0.4%.
  • Australia's S&P/ASX 200 Index declined a hefty 2.4%, ending at its lows for the day. The weakness was attributed primarily to concerns about the need for banks to raise capital and continued weakness in resource plays. Separately, the Reserve bank of Australia tempered its economic outlook for 2016. The financials (-3.1%), materials (-2.8%), and gold (-2.6%) sectors led the way lower. Out of the 200 index members, 15 ended higher, 178 finished lower , and 7 were unchanged. For the week, the S&P/ASX 200 declined 3.9%.
  • Regional advancers: Vietnam +0.5%
  • Regional decliners: South Korea -0.2%, Taiwan -0.1%, Malaysia -0.7%, Indonesia -0.8%, Thailand -0.2%, Philippines -0.8%
  • Closed for holiday: Singapore
FX
  • USD/CNY unch at 6.2097
  • USD/INR +0.1% at 63.8150
  • USD/JPY -0.1% at 124.67

7:44 am SouFun Holdings reports EPS in-line, beats on revs; raises FY15 revs guidance, above consensus (SFUN) : Reports Q2 (Jun) earnings of $0.04 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate of $0.04; revenues rose 25.4% year/year to $210.9 mln vs the $199.01 mln consensus.

  • The increase in revenue was primarily driven by the growth in e-commerce services, partially offset by the decline in marketing services and listing services.
  • Co raises guidance for FY15, sees FY15 revs of $843.4 mln vs. $832.26 mln Capital IQ Consensus Estimate, up from $808.3 mln.

7:41 am Overnight Treasury Summary (BONDX) : Treasuries Flat Ahead of Employment Report

  • Treasury yields are mostly unchanged overnight as all eyes turn to the July Employment Situation Report. After the abysmal Employment Cost Index growth in the second quarter (+0.2% versus a Briefing.com consensus of +0.6%), the Hourly Earnings component of the report could be the most important. The FOMC is still unsure of what the non-accelerating inflation rate of unemployment (:NAIRU) is after the structural damage to the U.S. economy from the financial crisis. There could be large reserves of disillusioned workers who are not actively job-hunting and therefore are not included in the unemployment rate. These workers would help keep a lid on wage growth as they reenter the workforce, allowing the Fed to delay interest rate policy normalization. That being the case, the FOMC is watching wage growth more closely than usual as an indicator of actual tightness in the job market rather than just assuming that an arbitrary unemployment rate foreshadows higher wage growth 
    • After Atlanta Fed President Lockhart's remarks earlier this week (he said that he would need to see "significant deterioration" in the economic picture to oppose a September rate hike), the burden of proof appears to be on the doves. A small miss of the Briefing.com consensus for +235K nonfarm payrolls will not be enough to take a September rate hike off of the table
  • Yield Check:
    • 2-yr: unch at 0.70%
    • 5-yr: -1 bp to 1.60%
    • 10-yr: unch at 2.22%
    • 30-yr: unch at 2.89%
  • International News:
    • The Bank of Japan met today and maintained its quantitative easing program which is adding 80 trillion yen annually to base money. The move was almost universally expected
    • Germany's Industrial Production unexpectedly dropped in June, falling by 1.4% m/m versus a 0.2% gain in May
      • The German trade surplus widened to a greater-than-expected 24.0 bln euro in June from 19.5 bln in May. Germany's trade surplus is a highly politicized issue in the single-currency bloc because many economists believe that Germany is not contributing enough to aggregate demand
    • French Industrial Production fell 0.1% m/m in June, also worse than expectations
      • The French trade deficit narrowed to 2.7 bln euro from -4.0 bln euro
    • Spanish Industrial Production jumped 4.5% in the year to June, further demonstrating that the European periphery ex-Greece, and the Iberian Peninsula in particular, are gaining momentum relative to the core
    • In the U.K., the trade deficit widened more than expected in June to 9.18 bln pounds from 8.42 bln in May
      • The pound's strength was cited as the reason for declining exports
  • Data out Today:
    • July Employment Situation Report (08:30 ET)
    • June Consumer Credit (15:00 ET)

7:41 am TETRA Tech beats by $0.15, beats on revs; guides Q3 EPS above consensus (TTI) : Reports Q2 (Jun) earnings of $0.16 per share, excluding non-recurring items, $0.15 better than the Capital IQ Consensus Estimate of $0.01; revenues rose 31.1% year/year to $315.9 mln vs the $270.29 mln consensus.

  • "Our second quarter results were clearly exceptional in a very challenging market environment. I attribute these results to our diversification of our customer base and introduction of new products into the market, as well as our continued focus on cost reductions across the organization."
  • Co issues upside guidance for Q3, sees EPS of $0.07-0.09, excluding non-recurring items, vs. $0.02 Capital IQ Consensus Estimate.

7:41 am Lindblad Expeditions reports Q2; provides outlook (LIND) :

  • Lindblad generated tour revenue of $49.5 million in Q2 compared to $50.8 million in the prior year quarter. 
    • Net Yield for Q2 was $963.10 compared to $1,020.45 in the prior year quarter. 
  • Adj. EBITDA for the second quarter was $12.0 million, a 9.1% increase from $11.0 million in the prior year quarter.
  • Revenue is projected to be $204 million and Adjusted EBITDA is projected to be $45 million for the full year of 2015. 
  • Furthermore, the Company anticipates that it will enter into contracts to build two new coastal vessels in the third quarter of 2015 with expected deliveries on target for the second quarter of 2017 and 2018. 
  • "Although it is too early to provide a detailed picture for 2016, bookings remain strong with 43% of ticket revenue for the 2016 financial year on the books, as at June 30, 2015, compared with 40% in 2014 for the 2015 financial year."

7:35 am Groupon reports EPS in-line, revs in-line; guides Q3 below consensus; reaffirms FY15 revs guidance, lowers FY15 EBITDA (GRPN) :

  • Reports Q2 (Jun) earnings of $0.02 per share, in-line with the Capital IQ Consensus of $0.02; revenues rose 3.1% year/year to $738.4 mln vs the $740.26 mln consensus. Gross billings grew 2% globally, or 10% excluding the unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter. On this F/X neutral basis, North America billings increased 12%, EMEA increased 9% and Rest of World increased 6%. 
  • Co issues downside guidance for Q3, sees EPS of $0.00-0.02, excluding non-recurring items, vs. $0.03 Capital IQ Consensus; sees Q3 revs of $700-750 mln vs. $755.88 mln Capital IQ Consensus Estimate. 
  • Co reaffirms rev guidance for FY15, sees FY15 revs of $3.15-3.30 bln vs. $3.21 bln Capital IQ Consensus, lowers FY15 EBITDA to $290 mln from greater than $315 mln.

7:34 am 58.com announces contributing 46.5 mln common shares and $272.4 mln in cash, to several private equity funds that invest in Chinese businesses (WUBA) :  

7:33 am Cablevision beats by $0.03, reports revs in-line (CVC) : Reports Q2 (Jun) earnings of $0.27 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.24; revenues rose 1.6% year/year to $1.65 bln vs the $1.65 bln consensus.

  • Improved subscriber performance with largest quarterly gains in both customer relationships and high-speed data, in more than two years. 
  • Average Monthly Cable Revenue per Customer of $158.52, an increase of $5.80 or 3.8%, compared with the prior year period.

7:33 am Ebix beats by $0.06, beats on revs (EBIX) : Reports Q2 (Jun) earnings of $0.54 per share, $0.06 better than the Capital IQ Consensus Estimate of $0.48; revenues rose 25.7% year/year to $64.71 mln vs the $63.5 mln consensus.

7:32 am Blue Nile beats by $0.01, beats on revs; guides Q3 EPS in-line, revs in-line; guides FY15 EPS in-line, revs in-line (NILE) : Reports Q2 (Jun) earnings of $0.20 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.19; revenues rose 6.7% year/year to $113.7 mln vs the $111.41 mln consensus.

  • Co issues in-line guidance for Q3, sees EPS of $0.14-0.17 vs. $0.16 Capital IQ Consensus Estimate; sees Q3 revs of $109-112 vs. $110.44 mln Capital IQ Consensus Estimate.
  • Co issues in-line guidance for FY15, sees EPS of $0.83-0.93 vs. $0.89 Capital IQ Consensus Estimate; sees FY15 revs of $488-505 mln vs. $492.44 mln Capital IQ Consensus Estimate.
  • "We remain committed to our strategy to further invest in marketing to drive greater awareness; to optimize analytics to refine pricing and grow our margins; and to leverage scale to source products in ways that provide exceptional quality and value to our customers. All of this drives to one goal: moving more consumers of diamonds and fine jewelry to purchase online."

7:31 am Potash reaffirms proposed price of EUR 41/share for K+S Aktiengesellschaft (KPLUF) (POT) :

  • Today, POT again sent an unsolicited letter to the Board of Executive Directors and the Supervisory Board of K+S Aktiengesellschaft. 
  • The proposal for a Business Combination Agreement is based on an unchanged price of EUR 41/share.

7:31 am SMTP announces an 800K share offering of common stock at $4.75/share (SMTP) : Co anticipates using its net proceeds from the offering primarily for working capital and general corporate purposes.

7:18 am CrossAmerica Partners reports Q2; reaffirms distributable cash flow/unit guidance (CAPL) :

  • Q2 EPS ($0.01) vs $0.02 Capital IQ Consensus Estimate; revs -15% to $647 mln vs $596.59 mln Capital IQ Consensus 
  • Generated Record Distributable Cash Flow of $14.3 million and Distribution Coverage Ratio of 1.04X in the Second Quarter. 
  • Maintains Guidance of 7% to 9% distributable cash flow per unit growth rate for 2015.

7:12 am CST Brands misses by $0.03, misses on revs (CST) : Reports Q2 (Jun) earnings of $0.31 per share, excluding non-recurring items, $0.03 worse than the Capital IQ Consensus Estimate of $0.34; revenues fell 21.9% year/year to $2.55 bln vs the $2.66 bln consensus.

Q3 Guidance


U.S. Retail Segment: 

  • Gallons Per Store Per Day 5,250 to 5,350 
  • Merchandise Sales Per Store Per Day $4,100 to $4,200 
  • Merchandise Gross Margin (%) 30.0% to 31.0% 
Canadian Retail Segment:
  • Gallons Per Store Per Day 3,250 to 3,350 
  • Merchandise Sales Per Store Per Day $2,350 to $2,450 
  • Merchandise Gross Margin (%) 27.0% to 28.0%

7:11 am Broadridge Financial beats by $0.02, reports revs in-line; guides FY16 (BR) : Reports Q4 (Jun) earnings of $1.40 per share, $0.02 better than the Capital IQ Consensus Estimate of $1.38; revenues rose 4.9% year/year to $929.6 mln vs the $932.63 mln consensus.

  • Co issues in-line guidance for FY16: 
  • Expects recurring fee revenue growth in the range of 10% to 12% and total revenue growth in the range of 8% to 10%, equates to FY16 revs of $2.909-2.963 bln vs. $2.88 bln Capital IQ Consensus Estimate.
  • Sees Adjusted Diluted earnings per share growth in the range of 8% to 12%, equates to EPS of $2.67-2.77 vs. $2.77 Capital IQ Consensus Estimate; sees 

7:11 am Horizon Pharma beats by $0.07, reports rev just above raised range; reaffirms FY15 guidance (raised in late July) (HZNP) :

  • Reports Q2 (Jun) earnings of $0.39 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus of $0.32; revenues rose 161.4% year/year to $172.8 mln vs the $170.88 mln consensus. This was driven by strong growth in each of Horizon's business units: primary care, orphan and specialty, as well as the addition of new medicines to the primary care and orphan business units.
  • Co preannunced Q2 rev $170-172 mln and raised FY15 guidance on July 20.
  • Co reaffirms guidance for FY15, sees FY15 revs of $660-680 mln vs. $682.70 mln Capital IQ Consensus; EBITDA $265-280 mln.

7:08 am On the Wires (:WIRES) :

  • RadNet, Inc. (RDNT) and Barnabas Health announced that they have executed purchase agreements for a major expansion of their existing New Jersey Imaging Networks joint venture to include NJIN's acquisition of all of RadNet's 10 wholly owned New Jersey imaging centers and Barnabas Health's wholly owned outpatient imaging center in West Orange, New Jersey. Following the acquisitions, which are expected to close in the third quarter, NJIN will have 18 facilities in northern and central New Jersey. NJIN will continue to be owned 51% by an affiliate of Barnabas Health and 49% by RadNet
  • Pattern Energy Group LP (PEGI) announced the completion of ~$205 million in project financing and the start of full construction on its Conejo Solar photovoltaic power project in Chile. The 122 MW Conejo Solar PV power project is being constructed 30 kilometers east of Taltal in Chile's Atacama Desert

7:06 am Essent Group beats by $0.01, reports revs in-line (ESNT) : Reports Q2 (Jun) earnings of $0.41 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.40; revenues rose 54.9% year/year to $84.1 mln vs the $84.48 mln consensus. 

  • New insurance written for the second quarter was $7.3 billion, compared to $5.3 billion in the first quarter of 2015 and $5.9 billion in the second quarter of 2014. 
  • Net premiums earned for the second quarter were $78.4 million, compared to $75.0 million in the first quarter of 2015 and $50.3 million in the second quarter of 2014.

7:05 am Sotheby's misses by $0.20, misses on revs; doubles buyback to $250 mln, will buyback $125 mln near term through ASR (BID) : Reports Q2 (Jun) earnings of $1.04 per share, excluding non-recurring items, $0.20 worse than the Capital IQ Consensus Estimate of $1.24; revenues fell 1.1% year/year to $332 mln vs the $341.74 mln consensus. 

  • This slight decline is largely due to a change in the timing of the summer evening sale of Contemporary Art in London, which was held in the third quarter in 2015 after being held in the second quarter in 2014, as well as unfavorable movements in foreign currency exchange rates which contributed $12.4 million and $20.5 million to the overall decreases in total revenues for the second quarter and first half periods, respectively. 
  • Sotheby's Board of Directors has approved an increase of $125 million to the Company's remaining share repurchase authorization of $125 million, resulting in a total share repurchase authorization of $250 million. The Board has concluded that this share repurchase program strikes a balance between preserving capital for growth, downside risk protection, and returning available capital to shareholders. Sotheby's intends to repurchase $125 million of its common stock from shareholders in the near term via an Accelerated Share Repurchase ("ASR") Program. The Company expects the balance of the share repurchase program will be executed in the next 12 - 18 months, via open market transactions and/or additional ASR Programs.

7:05 am Hershey Foods beats by $0.03, misses on revs; reaffirms FY15 EPS guidance (HSY) : Reports Q2 (Jun) earnings of $0.78 per share, $0.03 better than the Capital IQ Consensus Estimate of $0.75; revenues were unchanged from the year-ago period at $1.58 bln.

  • Co reaffirms guidance for FY15, sees EPS of $4.10-4.18 vs. $4.14 Capital IQ Consensus Estimate. Reaffirms full-year net sales expected to increase 1.5% to 2.5%, including a net benefit from acquisitions and divestitures of about 1 point and unfavorable foreign currency exchange rates of approximately 1.5 points.
  • "Over the remainder of the year, we expect that net sales will be driven by strong Halloween and Holiday seasonal programming and the continued rollout of new products in North America, including, Kit Kat White Minis, Hershey's Caramels and Ice Breakers Cool Blasts Chews."

7:02 am Healthways appoints Board Chairman Donato Tramuto as its new CEO, effective November 1, 2015 (HWAY) : Alfred Lumsdaine, Executive Vice President & Chief Financial Officer, who has been interim CEO since May 2015, will continue to serve as EVP and CFO. Current Director Kevin G. Wills has been elected to serve as the Company's independent Chairman of the Board upon the commencement of Mr. Tramuto's role as President and CEO

7:01 am Motorola Solutions commences a dutch auction tender, to repurchase up to $2 bln of its common stock shares between $61 and $66.50/share (MSI) : The company will fund the tender offer with a combination of existing cash on the company's balance sheet and proceeds from the previously announced $1 billion strategic investment from Silver Lake.

7:00 am Benefitfocus announces the pricing of its 2 mln share secondary offering of common stock, by funds affiliated with Goldman Sachs, at $36.75 (BNFT) :  

6:55 am BioCryst Pharm beats Q2 estimates including RAPIVAB licensing deal (BCRX) :

  • Reports Q2 (Jun) earnings of $0.07 per share, $0.33 better than the Capital IQ Consensus of ($0.26); revenues rose 1620.0% year/year to $25.8 mln vs the $3.84 mln consensus. 
    • Revenue in the quarter was primarily due to the partial recognition of the upfront payment to BioCryst resulting from the licensing of RAPIVAB (peramivir injection), as well as a significant increase in collaboration revenue associated with BCX4430 development as a medical countermeasure for Ebola virus and other filovirus diseases. 
  • Update/Outlook: 
    • The Phase 1 healthy volunteer study of BCX7353 initiated in May is continuing toward completion. In order to properly characterize the steady state pharmacokinetics of BCX7353, a 14 day treatment cohort will be added to this study. 
      • As a consequence, final results of this study are now expected in the fourth quarter. BioCryst anticipates reporting results for safety, tolerability, pharmacokinetics and pharmacodynamics. 
    • The OPuS-2 (Oral ProphylaxiS-2) clinical trial is proceeding as planned, and BioCryst expects to report results at the end of 2015. Based upon development plans and assumptions and our awarded government contracts, 
    • BioCryst expects its 2015 net operating cash use to be in the range of $18 to $28 million upon adjusting our previously predicted range for the first six month results, including the $33.7 million upfront payment from bioCSL, and expects its 2015 operating expenses to continue to be in the range of $75 to $95 million.

6:42 am New York REIT announced its support of the acquisition of AR Capital LLC, the parent of its sponsor, and Apollo Global Management (APO) (NYRT) :  

6:42 am LSB Industries misses by $0.35, misses on revs; LSB to implement strategic, operational and corporate governance enhancements (LXU) :

  • Reports Q2 (Jun) earnings of $0.02 per share, $0.35 worse than the Capital IQ Consensus Estimate of $0.37; revenues fell 9.4% year/year to $182.7 mln vs the $195.99 mln consensus. 
  • As a result of the Strategic Committee's report, the Company's Board of Directors has determined the following: 
    • LSB will establish an Operations Oversight Committee of the Board to foster more direct interaction between the members of the Board and senior management in management's execution of the Company's business strategy over the next 18 to 24 months. The committee will focus on management's execution of near-term business objectives and advise management on preserving strategic optionality to enhance shareholder value. 
    • LSB will engage the services of an independent consultant to review the operations of the Climate Control business with a specific focus on driving higher margins.

6:35 am Enerplus reports Q2 (Jun) results (ERF) : Reports Q2 (Jun) loss of $1.52 per share, may not be comparable to the Capital IQ Consensus Estimate of $0.06. 

  • Production volumes grew by 7% quarter over quarter to 107,429 BOE per day. This growth was primarily driven by increased activity in North Dakota, where production averaged approximately 27,100 BOE per day, up over 25% from the first quarter of 2015. 
  • "We delivered another quarter of strong operating results. On the back of this operational momentum and improved cost efficiencies, we are increasing our 2015 production guidance and reducing our operating and G&A expense guidance.We continue to navigate through this challenging commodity price environment with a strong balance sheet and hedging program that will support our funds flow."

6:33 am Sirona Dental Systems beats by $0.01, beats on revs; reaffirms FY15 guidance (SIRO) : Reports Q3 (Jun) earnings of $1.16 per share, $0.01 better than the Capital IQ Consensus Estimate of $1.15; revenues rose 2.1% year/year to $306.1 mln vs the $295.71 mln consensus.

  •  Co reaffirms guidance for FY15, sees EPS of $3.95-4.05 vs. $3.99 Capital IQ Consensus Estimate; reiterates guidance of FY15 organic local currency revenue growth of 6% to 8%.

6:31 am DepoMed sends an open letter to Horizon Pharmaceuticals (HZNP): confirms receipt of a proposal increase that includes a cash component (DEPO) : Co's letter stated:

  • "In our conversation late last week, you stated that Horizon (HZNP) was prepared to increase its proposal and to include a cash component of up to 25%. This was confirmed in an email late Friday night from one of your Board members to our Board Chairman. Yet you still have not made a new proposal. Instead, you have insisted that we need to first make a counter-offer. It does not make any sense to engage with Horizon unless you make a sufficiently compelling and detailed proposal. 
  • You continue to be wrongly focused on a "premium to unaffected price", when you know that our so-called "unaffected price" did not take account of our recent strong results. What matters is the intrinsic value of Depomed and the contribution Depomed would make to the combined company. 
  • Our Board takes its fiduciary duties seriously and will always be open to any compelling proposal that creates value for its shareholders, but we are prepared and committed to take actions that we deem appropriate to protect our shareholders' interests, even if it involves protracted litigation and a proxy fight."

6:30 am Glori Energy reports in-line Q2 results (GLRI) :

  • Adj. EBITDA for Q2 was a negative $1.5 mln, in-line with estimates, compared to a negative $857,000 for the second quarter of 2014. 
  • Total revenues for the second quarter of 2015 were $2.6 mln vs. 2.6 mln single est, down from $5.6 million in the prior-year period due to the significant decline in oil prices and due to the completion, and recognition of revenues, on a large customer project that contributed $1.5 million in revenues in the second quarter of 2014. 
  • "I am excited that implementation has now begun in the Coke Field. We expect to see a reversal of the natural production decline in the portion of the field affected by the first AERO injector over the next two to four months, followed by a gradual uplift in production over the next several months. We look forward to obtaining this important field and production data and communicating our results.

6:23 am Digirad reports Q2 EPS of $0.06 vs $0.06 year ago; revs 6.2% y/y to $15.5 mln (no estimates); Confirms financial guidance for 2015 (DRAD) :

  • As previously announced, the Company's 2015 financial guidance is to generate revenues between $61.0 mln and $63.0 mln; non-GAAP adjusted diluted earnings per share between $0.19 and $0.21; and non-GAAP adjusted EBITDA between $6.5 mln and $6.9 mln.

6:20 am JD.com beats by RMB 0.12, beats on revs; guides Q3 revs in-line (JD) :

  • Reports Q2 (Jun) loss of RMB 0.01 per share, excluding non-recurring items, RMB 0.12 better than the Capital IQ Consensus of (RMB 0.13); revenues rose 60.5% year/year to RMB 45.93 bln vs the RMB 44.43 bln consensus. 
    • GMV for Q2 was RMB114.5 billion (US$18.5 billion), an increase of 82% compared with the second quarter of 2014. JD Mall GMV for the second quarter of 2015 increased by 92% year-over-year. 
  • Co issues in-line guidance for Q3, sees Q3 revs of RMB 43.2-44.7 bln vs. RMB 44.14 bln Capital IQ Consensus Estimate.

6:18 am Thompson Creek Metals last night reported Q2 results; misses on EPS by $0.04, misses on revs (TC) : Reports Q2 (Jun) loss of $0.06 per share, $0.05 worse than the Capital IQ Consensus Estimate of ($0.01); revenues fell 46.0% year/year to $134.1 mln vs the $137.8 mln consensus. 

  • Sales volumes and average realized sales prices for copper and gold for the second quarter of 2015 were 21.2 million pounds of copper at an average realized price of $2.63 per pound and 57,920 ounces of gold at an average realized price of $975 per ounce.

6:13 am Hill-Rom beats by $0.01, beats on revs; guides Q4 EPS in-line, revs above consensus (HRC) : Reports Q3 (Jun) earnings of $0.62 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.61; revenues rose 19.3% year/year to $474.5 mln vs the $451.63 mln consensus.

  • Co issues guidance for Q4, sees EPS of $0.76-0.79 vs. $0.78 Capital IQ Consensus Estimate; sees Q4 revs of +1-3% to ~$484.6-494.2 mln vs. $480.89 mln Capital IQ Consensus Estimate. 
  • Hill-Rom now expects cash flow from operations for the full year to be ~$235 mln, compared to $250 mln previously. Capital expenditures are now expected to be $125 mln, compared to $140 mln previously.

6:11 am Telus reports EPS in-line, revs in-line; reaffirms FY15 EPS guidance (TU) : Reports Q2 (Jun) earnings of CC$0.66 per share, in-line with the Capital IQ Consensus Estimate of CC$0.66; revenues rose 5.1% year/year to CC$3.1 bln vs the CC$3.08 bln consensus.

  • Wireless network revenues increased by $90 million or 6.1 per cent to $1.57 billion in the second quarter of 2015, when compared to the same period a year ago. 
  • This growth was driven by an 18 per cent increase in data revenue, reflecting subscriber growth, increased proportion of higher-rate two-year plans in the subscriber mix, higher data usage from a continued adoption of smartphones and other data-centric devices, increased data roaming and the expansion of TELUS' LTE network coverage. 
  • Blended ARPU increased by 2.9 per cent to $63.48, reflecting TELUS' nineteenth consecutive quarter of year-over-year growth.
Guidance
Co reaffirms guidance for FY15, sees EPS of C$2.40-2.60 vs. C$2.59 Capital IQ Consensus Estimate.
  • TELUS now anticipates full year consolidated capital expenditures of approximately $2.5 billion compared to its previously estimated 2015 target of 'similar to 2014' ($2.359 billion).

6:06 am Universal American Corp misses by $0.04, misses on revs (UAM) : Reports Q2 (Jun) earnings of $0.02 per share, excluding non-recurring items, $0.04 worse than the Capital IQ Consensus Estimate of $0.06; revenues fell 9.8% year/year to $416.3 mln vs the $465.88 mln consensus.

6:05 am HMS Holdings reports EPS in-line, beats on revs (HMSY) : Reports Q2 (Jun) earnings of $0.13 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate of $0.13; revenues rose 3.8% year/year to $116.9 mln vs the $115.01 mln consensus. 

  • Payment integrity revenue in 2q, excluding medicare RAC, increased 9% YoY
  • Medicaid coordination of benefits revenue in Q2 increased 7% YoY

6:02 am Himax Tech reports EPS in-line, misses on revs; guides Q3 EPS below consensus, revs below consensus (HIMX) : Reports Q2 (Jun) Non-GAAP per ADS earnings of $0.05 per share, in-line with the Capital IQ Consensus Estimate of $0.05; revenues fell 13.8% year/year to $169.2 mln vs the $173.62 mln consensus.

  • Co issues downside guidance for Q3, sees EPS Non-GAAP per ADS of $0.01-0.016 vs. $0.07 Capital IQ Consensus Estimate; sees Q3 revs of decline of 5-9% QoQ to ~$153.9-160.7 mln vs. $205.28 mln Capital IQ Consensus Estimate; sees gross margin down 1.5% from Q2.
  • GAAP gross margin for the second quarter of 2015 was 23.8%, a 40 basis points decrease from 24.2% in the same period last year.

6:01 am Baker Hughes announces July 2015 rig counts with avg US rig count of 866 (BHI) : Co reported:

  • The international rig count for July 2015 was 1,118, down 28 from 1,146 M/M
  • The international offshore rig count for July 2015 was 264, down 13 from 277 M/M
  • The average U.S. rig count for July 2015 was 866, up 5 from 861 M/M

6:00 am HMS Holdings announces Board authorization for a $75 million share repurchase program (HMSY) :  

5:59 am S&P futures vs fair value: -1.10. Nasdaq futures vs fair value: -4.80. :

5:59 am European Markets : FTSE...6747.23...+0.10...0.00.  DAX...11571.44...-13.70...-0.10%.

5:59 am Asian Markets : Nikkei...20724.56...+60.10...+0.30%.  Hang Seng...24552.47...+177.20...+0.70%.

5:09 am Magna beats by $0.11, reports revs in-line; guides FY15 revs in-line (MGA) : Reports Q2 (Jun) earnings of $1.29 per share, $0.11 better than the Capital IQ Consensus Estimate of $1.18; revenues fell 8.7% year/year to $8.13 bln vs the $8.07 bln consensus.

Guidance
Co issues in-line guidance for FY15, sees FY15 revs of $30.9-32.6 bln vs. $32.34 bln Capital IQ Consensus Estimate.

  • Co sess FY15 Capital Spending: $1.3-1.5 bln
Read the rest of the article at finance.yahoo.com
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Tahoe Resources Inc.

EXPLORATION STAGE
CODE : THO.TO
ISIN : CA8738681037
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Tahoe Resources is a producing silver company based in Canada.

Its main exploration property is ESCOBAL in Guatemala.

Tahoe Resources is listed in Canada and in United States of America. Its market capitalisation is CA$ 1.5 billions as of today (US$ 1.1 billions, € 1.0 billions).

Its stock quote reached its highest recent level on September 24, 2010 at CA$ 9.96, and its lowest recent point on June 28, 2019 at CA$ 4.95.

Tahoe Resources has 312 300 000 shares outstanding.

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In the News and Medias of Tahoe Resources Inc.
8/2/2018Tahoe Resources posts quarterly loss on Guatemala mine dispu...
Nominations of Tahoe Resources Inc.
8/29/2012Announces Appointment of New Auditor
5/3/2011Announces Addition to Board of Directors
Financials of Tahoe Resources Inc.
7/15/2016DECLARES SEVENTH MONTHLY DIVIDEND FOR 2016
5/12/2016Reports Strong Earnings in First Quarter 2016
11/12/2014Reports Solid Third Quarter
8/8/2013Reports 2013 Second Quarter Results
5/10/2013Reports 2013 First Quarter Results
5/10/2013Reports 2013 First Quarter Results
11/14/2012Reports 3rd Quarter 2012 Financial Results
8/3/2012Reports 2nd Quarter 2012 Financial Results
Project news of Tahoe Resources Inc.
3/11/2015Reports Strong First Production Year
2/17/2015Reports Strong First Production Year
5/1/2013(Escobal)Clarifies Reports Regarding Incidents Near Escobal Project
4/3/2013(Escobal)Escobal Project Receives Final Permit
6/28/2012(Escobal)Escobal Project Unaffected by Proposed Mining Reform
3/9/2012(Escobal)Reports 2011 Results and Updates Escobal Project
Corporate news of Tahoe Resources Inc.
7/29/2016Coverage Initiated on Industrial Metals and Minerals Stocks ...
7/7/2016TAHOE RESOURCES DECLARES SEVENTH MONTHLY DIVIDEND FOR 2016
7/7/2016TAHOE RESOURCES DECLARES SEVENTH MONTHLY DIVIDEND FOR 2016
7/5/2016TAHOE RESOURCES ACQUIRES 2% NSR ROYALTY AT BELL CREEK, SIGNS...
7/5/2016TAHOE RESOURCES ACQUIRES 2% NSR ROYALTY AT BELL CREEK, SIGNS...
6/13/2016TAHOE RESOURCES ANNOUNCES MANAGEMENT CHANGE
1/27/2016Returns and Price Variations in Recently Traded Equities -- ...
1/14/2016TAHOE REPORTS RECORD 2015 GOLD & SILVER PRODUCTION
1/14/2016TAHOE REPORTS RECORD 2015 GOLD & SILVER PRODUCTION
1/7/2016TAHOE RESOURCES DECLARES FIRST MONTHLY DIVIDEND FOR 2016
12/30/2015Today's Market Driven by Key Factors - New Research on Alcoa...
12/6/2015Tahoe Resources Inc (TAHO): Hedge Fund Sentiment Unchanged
12/6/2015Tahoe Resources Inc (TAHO): Hedge Fund Sentiment Unchanged
11/6/2015Assessing Free Cash Flows of Intermediate Gold Miners in 201...
11/4/2015Revised Record Date: Tahoe Resources Declares Eleventh Month...
11/4/2015Revised Record Date: Tahoe Resources Declares Eleventh Month...
11/4/2015TAHOE RESOURCES DECLARES ELEVENTH MONTHLY DIVIDEND FOR 2015
11/4/2015TAHOE RESOURCES DECLARES ELEVENTH MONTHLY DIVIDEND FOR 2015
10/30/2015Why Growth in Gold Production Is Important for Gold Miners
10/29/2015Evaluating Gold Production for Intermediate Gold Miners in 2...
10/29/2015Evaluating Gold Production for Intermediate Gold Miners in 2...
10/19/2015U.S. Global Investors' Frank Holmes and Ralph Aldis Intervie...
10/19/2015U.S. Global Investors' Frank Holmes and Ralph Aldis Intervie...
10/8/2015Tahoe Resources Declares Tenth Monthly Dividend For 2015
10/8/2015Tahoe Resources Declares Tenth Monthly Dividend For 2015
9/30/2015Comp: Is Barrick Gold’s High Debt a Cause for Concern?
9/3/2015TAHOE RELEASES STATEMENT REGARDING GUATEMALA
9/3/2015TAHOE RELEASES STATEMENT REGARDING GUATEMALA
9/3/2015TAHOE RESOURCES DECLARES NINTH MONTHLY DIVIDEND FOR 2015
9/3/2015TAHOE RESOURCES DECLARES NINTH MONTHLY DIVIDEND FOR 2015
8/12/2015Goldcorp’s FCF Growth Could Strengthen Its Balance Sheet
8/11/2015Tahoe Resources reports 2Q loss
8/11/2015Tahoe Resources reports 2Q loss
8/11/2015TAHOE RESOURCES REPORTS STRONG CASH FLOW IN Q2
8/11/2015TAHOE RESOURCES REPORTS STRONG CASH FLOW IN Q2
8/6/2015TAHOE RESOURCES DECLARES EIGHTH MONTHLY DIVIDEND FOR 2015
8/6/2015TAHOE RESOURCES DECLARES EIGHTH MONTHLY DIVIDEND FOR 2015
8/5/2015TAHOE RESOURCES ANNOUNCES KEVIN MCARTHUR TO ASSUME CEO ROLE
8/5/2015TAHOE RESOURCES ANNOUNCES KEVIN MCARTHUR TO ASSUME CEO ROLE
8/5/20157:56 am Tahoe Resources appoints Executive Chair Kevin McArt...
7/9/2015TAHOE RESOURCES DECLARES SEVENTH MONTHLY DIVIDEND FOR 2015
7/9/2015TAHOE RESOURCES DECLARES SEVENTH MONTHLY DIVIDEND FOR 2015
7/9/2015Declares Seventh Monthly Dividend For 2015
7/6/2015Goldcorp Reinstated At Outperform By Credit Suisse, Sees Cas...
6/30/2015Announces Closing Of Secondary Offering By Goldcorp Inc.
4/14/2015TAHOE RESOURCES TO APPEAL CONFINEMENT OF EMPLOYEE BY A LOWER...
4/14/2015TAHOE RESOURCES TO APPEAL CONFINEMENT OF EMPLOYEE BY A LOWER...
4/14/2015To Appeal Confinement Of Employee By A Lower Court In Guatem...
4/13/2015TAHOE RESOURCES TO PRESENT AT EUROPEAN GOLD FORUM
4/13/2015TAHOE RESOURCES TO PRESENT AT EUROPEAN GOLD FORUM
4/13/2015To Present At European Gold Forum
4/9/2015TAHOE RESOURCES DECLARES FOURTH MONTHLY DIVIDEND FOR 2015
4/9/2015TAHOE RESOURCES DECLARES FOURTH MONTHLY DIVIDEND FOR 2015
4/9/2015Declares Fourth Monthly Dividend For 2015
4/8/2015TAHOE RESOURCES ANNOUNCES IT HAS OBTAINED PROVISIONAL LISTIN...
4/8/2015TAHOE RESOURCES ANNOUNCES IT HAS OBTAINED PROVISIONAL LISTIN...
4/8/2015Announces It Has Obtained Provisional Listing Approval In Pe...
4/2/2015S&P Dow Jones Indices Announces Changes to the S&P/TSX Canad...
4/1/2015TAHOE RESOURCES AND RIO ALTO MINING ANNOUNCE COMPLETION OF M...
4/1/2015TAHOE RESOURCES AND RIO ALTO MINING ANNOUNCE COMPLETION OF M...
4/1/2015And Rio Alto Mining Announce Completion Of Merger
4/1/2015Tahoe Resources (TAHO) Falls: Stock Goes Down 5.4% - Tale of...
3/11/2015Tahoe Resources posts 4Q profit
3/11/2015TAHOE RESOURCES REPORTS STRONG FIRST PRODUCTION YEAR
3/11/2015TAHOE RESOURCES REPORTS STRONG FIRST PRODUCTION YEAR
3/11/2015Tahoe Resources Reports Strong First Production Year
3/5/2015TAHOE RESOURCES DECLARES THIRD MONTHLY DIVIDEND FOR 2015
3/5/2015TAHOE RESOURCES DECLARES THIRD MONTHLY DIVIDEND FOR 2015
3/2/2015Ubika Research Celebrates the 7th Company Acquired in its Go...
2/25/2015TAHOE ANNOUNCES RECEIPT OF SHAREHOLDER APPROVAL
2/25/2015TAHOE ANNOUNCES RECEIPT OF SHAREHOLDER APPROVAL
2/25/2015Announces Receipt Of Shareholder Approval
2/25/2015Tahoe Announces Receipt Of Shareholder Approval
2/17/2015TAHOE RESOURCES REPORTS STRONG FIRST PRODUCTION YEAR
2/17/2015TAHOE RESOURCES REPORTS STRONG FIRST PRODUCTION YEAR
2/17/2015Tahoe Resources Reports Strong First Production Year
2/11/2015TAHOE RESOURCES AND RIO ALTO MINING COMBINE
2/11/2015TAHOE RESOURCES AND RIO ALTO MINING COMBINE
2/9/2015Tahoe Resources and Rio Alto Mining Combine Creating a Leadi...
2/5/2015Tahoe Resources Declares Second Monthly Dividend For 2015
1/20/2015Tahoe Silver Production at High End of 2014 Expectations
1/8/2015TAHOE RESOURCES DECLARES FIRST MONTHLY DIVIDEND FOR 2015
1/8/2015TAHOE RESOURCES DECLARES FIRST MONTHLY DIVIDEND FOR 2015
12/1/2014CANADA STOCKS-TSX drops on global growth worries, energy sha...
12/1/2014CANADA STOCKS-TSX hit by weak global economic cues, energy s...
12/1/2014GUATEMALAN CONGRESS PROPOSES ROYALTY INCREASE
12/1/2014Guatemalan Congress Proposes Royalty Increase
11/12/2014Tahoe Resources posts 3Q profit
11/12/2014Tahoe Resources posts 3Q profit
11/12/2014TAHOE RESOURCES REPORTS SOLID THIRD QUARTER
11/12/2014TAHOE RESOURCES REPORTS SOLID THIRD QUARTER
11/5/2014TAHOE RESOURCES ANNOUNCES ESCOBAL MINERAL RESERVES
11/5/2014TAHOE RESOURCES ANNOUNCES ESCOBAL MINERAL RESERVES
11/5/2014(Escobal)Announces Escobal Mineral Reserves
10/16/2013Announces First Concentrate Shipment
7/18/2013to Clarify PEA Disclosure
7/10/2013Guatemala Proposes Temporary Moratorium on New Mining Licens...
6/4/2013Closes $50 Million Secured Credit Facility
9/19/2012(Escobal)Reports Civil Unrest From Outsiders at Escobal
6/5/2012Shares to be Released From Lock-Up on June 8, 2012
5/11/2012Reports 1st Quarter 2012 Results
5/8/2012Begins Trading on NYSE
5/7/2012Announces Updated NI 43-101 Resource
5/4/2012to Commence Trading on NYSE
6/20/2011Added to S&P/TSX Composite and Global Mining Indices
6/8/2011(Escobal)s Escobal Drilling -- Expands Known Mineralization
4/5/2011Announces Recommendations From ISS Group in Support of Matte...
2/16/2011Receives Environmental Permit to Commence Underground Develo...
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TORONTO (THO.TO)NYSE (TAHO)
4.95+0.00%3.64-3.96%
TORONTO
CA$ 4.95
06/28 17:00 -
0%
Prev close Open
4.95 4.89
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4.85 5.08
Year l/h YTD var.
4.60 -  5.15 -0.402%
52 week l/h 52 week var.
4.32 -  5.15 70.69%
Volume 1 month var.
694,806 -%
24hGold TrendPower© : -30
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