Stocks In The News (TGT, TNGO, SRDX, SLH)

Stocks In The News (TGT, TNGO, SRDX, SLH)

Target Corporation (NYSE:TGT) on May 4, 2012, said that it has partnered with Marvel Entertainment, LLC to bring merchandise from “Marvel’s The Avengers” to its guests, allowing fans across the country to gear up for the theatrical release on May 4, 2012.

The company had also reported that its first quarter 2012 comparable-store sales increased 5.3% as compared with first quarter 2011. The company’s first quarter net retail sales were $4,978 million, from $4,874 million in the year ago period.

Tangoe Inc (NASDAQ:TNGO) reported first quarter total revenue of $34.1 million, an increase of 53% on a year-over-year basis. GAAP net income for the first quarter was $0.2 million, as compared to a $0.6 million net loss for the same period last year. Adjusted EBITDA was $4.1 million, as compared to $2.6 million for the first quarter of 2011.

Looking forward, the company expects second quarter revenue to be in the range of $35.0-$35.5 million, non-GAAP net income per share (EPS) to be approximately $0.09. Analysts are expecting the company to report revenue of $34.9 million, EPS of $0.09 for second quarter of 2012.

SurModics, Inc.(NASDAQ:SRDX) reported second quarter revenue of $12.2 million, an 8% decline from the $13.3 million reported in the same quarter of last year. Diluted earnings per share from continuing operations were $0.11, as compared to $0.16 for the same period last year.

Going ahead, the company confirmed its outlook for fiscal 2012. The Company had previously said that it expects fiscal 2012 revenue from continuing operations to be in the range of $47 million to $51 million. GAAP diluted earnings per share (EPS) from continuing operations are expected to be in the range of $0.45 to $0.53 per share. Analysts are expecting the company to report EPS of $0.51 on revenues of $49 million for fiscal 2012

Solera Holdings Inc (NYSE:SLH) reported third-quarter net income of $26.7 million or $0.38 per share, as compared to $80.1 million or $1.13 per share last year. Adjusted net income was $49.3 million or $0.70 per share. Revenues for the quarter grew 12.8% to $198.01 million. Analysts expected earnings of $0.69 per share on revenues of $196.55 million for the quarter.

Looking forward, the company now expects 2012, adjusted earnings in a range of $2.63 to $2.65 per share, while Analysts currently estimate earnings of $2.71 per share for the full year. The company also raised its full year 2012 revenue guidance to a range of $784 million to $787 million, from its prior estimate of $780 million to $786 million. Analysts currently estimate revenues of $787.86 million for the full year.