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| Be a jewelry and diamonds pricing expert with My Jeweler for iOS prMac (press release) Gold traders can use My Jeweler to have official Kitco gold prices at their disposal either for personal use or when dealing with clients. ... See all stories on this topic » |
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| Oil gains as global stockpiles fall in US The Global Herald Crude Oil futures today gained value, 62 cents to $87.56 for the March cotract in New York, the first time in five days, on the back of stockpiles declining ... See all stories on this topic » | ||
| Dirty Rotten Scoundrels Gold Seek By Rob Kirby The purpose of this paper is to draw particular attention to the recent disparity in crude oil prices – namely the difference between two ... See all stories on this topic » | ||
| Crude oil trades above USD 87.5/bbl Moneycontrol.com By Gautam Broker, Research Analyst at CNBC-TV18 There was an unexpected drop in inventories, which supported crude oil prices on Tuesday. ... See all stories on this topic » |
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| P.M. Kitco Metals Roundup: Comex Gold Ends Near Steady in Quiet Dealings NASDAQ (Kitco News) - Comex gold futures are closed near unchanged price levels in lackluster trading Monday. Weaker crude oil prices, a steady-firm US dollar ... See all stories on this topic » | ||
| E-Micro Contract Makes Gold Trading More Affordable For Small Speculators NASDAQ (Kitco News) - With gold prices at heights never reached prior to mid-autumn, a still-new E-micro contract offered by CME Group makes it easier for small ... See all stories on this topic » |
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| Gold rises amid inflation concerns after Chinese Rate hike; Copper bounces ... Commodity Online By Allen Sykora (Kitco News) - Gold futures are higher in the aftermath of the third Chinese rate hike since autumn Tuesday, with traders viewing the ... See all stories on this topic » |
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| Gold Prices Pop Despite China Rate Hike TheStreet.com The gold price has traded as high as $1365.90 and as low as $1348.90. The spot gold price was up more than $10, according to Kitco's gold index. ... See all stories on this topic » |
Avid Technology, Inc. (NASDAQ:AVID) jumped to a new annual high on Friday after reporting strong fourth fiscal quarter results that beat expectations easily, and raising 2011 guidance. The Company reported net loss for the fourth fiscal quarter of $0.571 million or 1 cent a share, narrowing the loss by 97% from net loss of $17.9 million or 48 cents a share, in the same quarter last year. Excluding amortization of intangible assets, stock-based compensation, restructuring and other charges, gains on asset sales, acquisition-related costs and related tax adjustments, adjusted net income of $14.2 million or 37 cents a share has been recorded compared to adjusted net loss of $1.4 million or 4 cents a share in the same quarter last year. This Adjusted EPS of 37 cents a share beat the analysts' expectation of 9 cents a share by 28 cents. Revenue climbed 11.79% year over year during the quarter to $195.3 million from $174.7 million for the same period last year, beating the analysts' expectation of $178.9 million. Video revenue (60% of revenue) increased 11% year over year and 7% quarter over quarter to $117.8 million & Audio revenue (40% of revenue) increased 13% year over year and 7% quarter over quarter to $77.6 million during the quarter. The launch of the new version of Pro Tools audio suite drove growth in the audio segment. Both Audio and Video saw double digit year over year revenue growth in the fourth quarter, driving the first overall double-digit revenue growth for Avid in over 4 years. The company is looking for 5% Performa operating margin in 2011 with revenue of $700-$720 million, up from a prior range of $690-$710 million. Analysts were expecting the Company to report revenues of $663 million for fiscal 2011. Shares of the company climbed $1.75 or 10.10% to trade close at $19.08 following strong fourth fiscal quarter results and 2011 guidance. It climbed to its new 52 week high of $20.43, 52 week low being $11.04. Volume of 731,609 shares has been traded compared to the daily average of 91,612 shares. The market capital of the stock stands at $727.64 million. Avid Technology, Inc. is a provider of digital media content-creation solutions for film, video, audio and broadcast professionals, as well as artists and home enthusiasts. It provides digital media content-creation solutions in six segments: education, creative enthusiasts, independent professionals, government and commercial, post facilities and broadcast.
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