Qiwi (QIWI), which operates a network of financial service kiosks in Russia and several nearby countries, surpassed first-quarter earnings and sales expectations and announced an acquisition. Earnings increased 41.3% in Russian rubles, above estimates for a 10.7% gain. Revenue rose 36.5%, topping forecasts for 15% growth. In dollars, the company earned 35 cents a share on revenue of $43 million. Qiwi continues to see 12%-16% growth for both
A bid by Cypress Semiconductor (CY) to acquire fabless semiconductor company Integrated Silicon Solution received a nod Thursday from an analyst who says the move fits well with its focus on industrial and automotive markets. Cypress Semiconductor CEO T.J. Rodgers said in a letter to the board of directors of Milpitas, Calif.-based Integrated Silicon Solution (ISSI) that it’s interested in acquiring the company for $19.75 per share in cash,
Past big market winners have shown robust earnings and sales increases before making big price moves. Today’s Screen of the Day is Top Fundamentals, which highlights market winners in the making. Let’s focus on the Chinese stocks that made the screen: Alibaba (BABA), Autohome (ATHM), Vipshop (VIPS), Cheetah Mobile (CMCM) and Noah Holdings (NOAH). Alibaba has a 3-year EPS growth rate of 87% and an IBD Composite Rating of 86 out of 99. On Wednesday,