Technology Sector Announces Earnings Results and Upcoming Financial Results Schedules - Research Report on Dolby, Stratasys, Encore Wire, Hutchinson Technology, and Wipro

Wed Jul 31, 2013 8:01am EDT

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Technology Sector Announces Earnings Results and Upcoming Financial Results Schedules - Research Report on Dolby, Stratasys, Encore Wire, Hutchinson Technology, and Wipro

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NEW YORK, July 31, 2013 /PRNewswire/ --

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Today, Investors' Reports announced new research reports highlighting Dolby Laboratories, Inc. (NYSE: DLB), Stratasys Inc. (NASDAQ: SSYS), Encore Wire Corp. (NASDAQ: WIRE), Hutchinson Technology Inc. (NASDAQ: HTCH), and Wipro Ltd. (NYSE: WIT). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Dolby Laboratories, Inc. Research Report

On July 25, 2013, Dolby Laboratories, Inc. (Dolby) reported its financial results for Q3 FY 2013 (period ended June 28, 2013). Revenue decreased 1.5% YoY to $207.1 million. Q3 FY 2013 GAAP net income attributable to Dolby was $30.2 million or $0.29 per diluted share, compared to $51.5 million or $0.48 per diluted share in Q3 FY 2012. Commenting on the results, Kevin Yeaman, President and CEO of Dolby, said, "Licensing revenue increased year over year, with growth in our mobile and broadcast businesses offsetting weaker demand for PCs and consumer electronics this quarter. While the current consumer-spending environment is weak, we continue to make solid progress on our long-term growth initiatives." For Q4 FY 2013, the Company anticipates total revenue of $205 million to $215 million. The Full Research Report on Dolby Laboratories, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/DLB]

Stratasys Inc. Research Report

On July 24, 2013, Stratasys Inc. (Stratasys) announced that the Company has scheduled to release its Q2 2013 financial results on August 8, 2013. In lieu of the release, Stratasys will hold a conference call on the same day at 8:30 a.m. ET. As stated by Stratasys, a webcast of the conference call will be available through the Investor tab of the Company's website. Also an archived version of the conference call will be available for 90 days on the Investors page of Stratasys' website. The Full Research Report on Stratasys Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/SSYS]

Encore Wire Corp. Research Report

On July 25, 2013 Encore Wire Corp. (Encore Wire) reported its financial results for Q2 2013. Revenue increased 9.4% YoY to $289.5 million. Net income was $15.5 million or $0.75 per diluted share, compared to net income of $2.4 million or $0.11 per diluted share in Q2 2012. Commenting on the results, Daniel L. Jones, President and CEO of Encore Wire, said, "The second quarter of this year was encouraging to us from both a volume and margin perspective. Unit volumes were up in all building wire products. We believe our expansion of product offerings over the last several years to our existing customer base has been critical to maintaining and perhaps boosting our market share, as our capital expenditures help to drive increased sales." The Full Research Report on Encore Wire Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/WIRE]

Hutchinson Technology Inc. Research Report

On July 25, 2013, Hutchinson Technology Inc. (Hutchinson Technology) reported its financial results for Q3 FY 2013 (period ended June 30, 2013). Revenue increased 0.5% YoY to $61.3 million. Net loss was $15.9 million or $0.59 per diluted share in Q2 FY 2013, compared to net loss $13.9 million or $0.59 per diluted share in Q2 FY 2012. Commenting on the results, President and CEO of Hutchinson Technology, Rick Penn, said, "We expect to be back on the path to improved financial performance in our fiscal fourth quarter. As part of our ongoing effort to be the industry's lowest cost producer of suspension assemblies, we will continue to reduce our costs by improving our manufacturing efficiency, transitioning more assembly production to Thailand and continuing to consolidate our U.S. operations." The Full Research Report on Hutchinson Technology Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/HTCH]

Wipro Ltd. Research Report

On July 26, 2013, Wipro Ltd. (Wipro) reported its financial results for Q1 FY 2014 (period ended June 30, 2013). Revenue from continuing operations increased 5% YoY to INR97.4 billion ($1.6 billion). Net income from continuing operations attributable to the Equity holders of the Company was INR16.2 billion ($273 million) or INR6.60 per diluted share, compared to net income of INR14.6 billion or INR5.96 per diluted share in Q1 FY 2013. Commenting on the results, Azim Premji, Chairman of Wipro, said, "We are seeing higher confidence among our clients on the backdrop of positive macroeconomic developments, particularly in the US." For Q2 FY 2014, the Company expects revenues from the IT Services business to be in the range of $1,620 million to $1,650 million. The Full Research Report on Wipro Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-07-29/WIT]

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