Excellent Service Recognitions and Strong Segment Performances Brings Positive Outlook for 2013 - Research Report on Garmin, Itron, ACI Worldwide, PTC, and FARO

Mon Aug 5, 2013 8:01am EDT

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Excellent Service Recognitions and Strong Segment Performances Brings Positive Outlook for 2013 - Research Report on Garmin, Itron, ACI Worldwide, PTC, and FARO

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NEW YORK, August 5, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Garmin Ltd. (NASDAQ: GRMN), Itron, Inc. (NASDAQ: ITRI), ACI Worldwide, Inc. (NASDAQ: ACIW), Parametric Technology Corporation (NASDAQ: PMTC), and FARO Technologies Inc. (NASDAQ: FARO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Garmin Ltd. Research Report

On July 31, 2013, Garmin Ltd. (Garmin) announced its Q2 2013 financial results with net sales of $697 million, down 3% YoY. Operating margin was 24% compared to 28% in Q2 2012. Pro forma diluted EPS for the quarter was $0.76 compared to $0.98 in Q2 2012. Cliff Pemble, President and Chief Executive Officer of Garmin Ltd. said, "The second quarter of 2013 was highlighted by stronger than expected revenue performance across all segments, we were particularly pleased to generate revenue growth in each of our traditional markets. While our performance was strong in second quarter and we believe that the outlook for growth in 2013 for the traditional markets is positive." The Company reaffirms its 2013 guidance, and expects revenue to range between $2.5 and $2.6 billion, operating margin of approximately 20% and EPS in a range of $2.30 to $2.40. The Full Research Report on Garmin Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0c20_GRMN]

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Itron, Inc. Research Report

On July 31, 2013, Itron, Inc. (Itron) reported its Q2 2013 financial results with revenue of $482.2 million compared with $579.1 million in Q2 2012. Net Income attributable to the Company stood at $12.4 million compared to $31.6 million in Q2 2012. GAAP diluted EPS was $0.31 compared to $0.79 in Q2 2012. According to Itron, the decline in profits was attributable to lower gross profit primarily due to lower revenues which was partially offset by decreased operating expenses and lower tax expense. Adjusted EBITDA for the quarter totaled $44.7 million compared to $80.7 million in Q2 2012. For full-year 2013, Itron anticipates revenue in the range of $1.95 and $2.0 billion and Non-GAAP diluted EPS between $2.25 and $2.55. The Full Research Report on Itron, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/eb65_ITRI]

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ACI Worldwide, Inc. Research Report

On July 18, 2013, ACI Worldwide Inc. (ACI Worldwide) announced that the ACI Universal Payments Platform has been named as the 'Best in Class' solution in Payments Capability in the 2013 Payments Hub report by CEB TowerGroup. ACI Worldwide stated that the exhaustive payments hub analysis evaluates nine key technology firms across the industry using 22 attributes defined by CEB TowerGroup. The final report covers market drivers, case studies, spending forecasts, investment priorities and emerging technologies as well as a full-feature audit. WA Proctor, Director, Product Management at ACI Worldwide said, "We are proud to be recognized by CEB TowerGroup as 'Best-in-Class' for Payments Capability. This independent evaluation validates that Universal Payments Platform delivers both the flexibility and enterprise-class scalability needed to transform complex payment environments and help customers get ahead in this dynamic marketplace." According to the release, the Company's Payments Capability category was specifically noted for its "linear scalability, high performance and platform independence for transaction processing." The Full Research Report on ACI Worldwide, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/8506_ACIW]

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Parametric Technology Corporation Research Report

On July 30, 2013, Parametric Technology Corporation (PTC) announced that it has been named as a leading provider of product lifecycle management (PLM) solutions in China by CIMdata, Inc. "We are committed to helping our customers in China achieve product and service advantage in a highly competitive market by providing them with world-class technology, professional services and personal support," said Richard Shou, DVP, President of PTC China, PTC. PTC further stated that, CIMdata defines PLM as a strategic business approach that applies a consistent set of business solutions in support of the collaborative creation, management, dissemination, and use of product definition information across the extended enterprise. The Full Research Report on Parametric Technology Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/dc63_PMTC]

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FARO Technologies Inc. Research Report

On July 30, 2013, FARO Technologies, Inc. (Faro) reported its Q2 2013 financial results (period ended June 29, 2013) with sales of $68.3 million compared to $66.8 million in Q2 2012. Net income was $3.6 million or $0.21 per share, compared to $4.7 million or $0.28 per share, in the Q2 2012 and operating margin decreased to 8.0% as compared to 10.3% in the Q2 2012. Jay Freeland, FARO's President and CEO stated, "Our results in the second quarter were impacted by ongoing economic softness in Europe and Asia. While interest in FARO products remains strong, many customers have deferred purchase decisions in light of economic uncertainty, we expect the second half of 2013 should provide an opportunity for improvement driven by the global increase in new sales account managers. However, if the overall macroeconomic environment remains stagnant for the rest of 2013, our markets may remain under some pressure." The Full Research Report on FARO Technologies Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/66cb_FARO]

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