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SOURCE Analysts' Corner
NEW YORK, October 28, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Apple Inc. (NASDAQ: AAPL), iRobot Corporation (NASDAQ: IRBT), HARMAN International Industries Inc. (NYSE: HAR), Koninklijke Philips NV (ADR) (NYSE: PHG), and Canon Inc. (ADR) (NYSE: CAJ). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Apple Inc. Research Report
On October 22, 2013, Apple Inc. (Apple) announced iPad Air, which features a 9.7-inch Retina display in a new thinner and lighter design. The Company informed that iPad Air is 20% thinner and 28% lighter than the fourth generation iPad. Apple also announced iPad mini with Retina display. According to Apple, the new products feature the Apple-designed A7 chip with 64-bit desktop-class architecture, wireless with faster built-in Wi-Fi and LTE cellular connectivity, and the newly designed iOS 7. iPad Air with WiFi models will be available in silver or space gray starting November 1, 2013. iPad Air with Wi-Fi + Cellular will also be available on November 1, 2013, whereas iPad mini with Retina display will be available later in November 2013 in silver or space gray. The Full Research Report on Apple 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/e809_AAPL]
iRobot Corporation Research Report
On October 22, 2013, iRobot Corporation (iRobot) reported its Q3 FY 2013 financial results (period ended September 28, 2013). The Company's total revenue declined 1.4% YoY to $124.5 million during the quarter. Net income was $7.8 million or $0.26 per diluted share in Q3 FY 2013 compared to net income of $15.2 million or $0.54 per diluted share in Q3 FY 2012. Commenting on the results, Colin Angle, Chairman and CEO of iRobot, said, "We saw strong growth in our Home Robot business, and are excited to announce a next generation home robot for the fourth quarter. Overseas, strong demand in Asia continued and we are seeing signs of recovery in Europe. We shipped additional RP-VITA robots to InTouch Health, while our Remote Presence unit gained further traction in the video collaboration market. And, our Defense & Security business performed as expected." He added, "Our businesses continue to perform in line with the expectations we laid out in Q1. Accordingly we are narrowing our full year 2013 expectation ranges to: revenue of between $485 and $490 million, EPS of $0.90 to $0.95 and Adjusted EBITDA of $58 to $61 million." The Full Research Report on iRobot 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/405c_IRBT]
HARMAN International Industries Inc. Research Report
On October 17, 2013, HARMAN International Industries Inc. (HARMAN) announced the acquisition of Duran Audio BV. The Company reported that this acquisition provides HARMAN with access to innovative electro-acoustic and software based directivity control technologies including the AXYS Intellivox line of "steerable" columns. HARMAN informed that the AXYS products and core technologies will become an integrated part of the HARMAN Professional audio product line. Commenting on the acquisition, Dinesh C. Paliwal, HARMAN's Chairman, President and CEO, said, "Today's acquisition of Duran Audio BV bolsters HARMAN's stated commitment to advance our technology leadership through both R&D and acquisitions. Over the years, Duran Audio has established a distinct and loyal customer base built on innovative technology. By leveraging Duran's unique product lines with HARMAN's global footprint and product synergies, our business is optimally positioned to serve new customers around the world with expanded audio solutions." The Full Research Report on HARMAN International Industries 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/fb84_HAR]
Koninklijke Philips NV (ADR) Research Report
On October 21, 2013, Koninklijke Philips NV (ADR) (Philips) reported its Q3 2013 financial results. The Company's sales declined 3.5% YoY to €5.6 billion during the quarter. Net income attributable to shareholders was €282 million or €0.31 per diluted share in Q3 2013, compared to €104 or €0.11 in Q3 2012. Commenting on the results, Frans van Houten, CEO of Philips, said, "I am pleased with the 33% increase in our operational results, clearly reflecting the continuing benefits of our Accelerate! program. At Healthcare, EBITA improved while sales were flat and order intake declined 2%. Consumer Lifestyle continued its strong sales performance with comparable sales growth of 9%, driven by our focus on locally relevant products. At Lighting, LED-based sales grew 33% over the previous year, leading to an overall growth of 3%." The Full Research Report on Koninklijke Philips NV (ADR) - 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/2026_PHG]
Canon Inc. (ADR) Research Report
On October 22, 2013, Canon Inc. (ADR) (Canon) announced that in cooperation with Canon Marketing (Philippines), Canon Business Machines (Philippines), Inc. and Canon Information Technologies Philippines, Inc., the Company will contribute in relief efforts for victims of the October 15, 2013 Philippine earthquake through donations to the Philippine Red Cross totaling 1.3 million Philippine pesos (approximately $30,100). The Company further reported that it extends its condolences to all those affected by the disaster and its thoughts go out to those suffering in its aftermath. The Full Research Report on Canon Inc. (ADR) - 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/5a34_CAJ]
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