BorgWarner Equity Research and Analysis

The strengthening U.S. dollar claimed its latest victim when powertrain specialist BorgWarner  gave its earnings on Thursday. The company missed analyst estimates for revenue and earnings in the quarter, and management was forced to reduce its full-year guidance. The market immediately sold the stock off, but as ever, long-term investors need to focus on the underlying trends in the report. Let's take a more detailed look.


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Jones Lang LaSalle Equity Research

You won't get a prize for guessing that commercial real estate services company Jones Lang LaSalle's (NYSE: JLL) latest earnings results would have been much stronger had the U.S. dollar not been so strong in recent months. Nevertheless, the company reported a whopping 25% increase in fee revenue in the quarter, while adjusted net income rose by $26 million to $43 million. Moreover on the earnings call, CEO Colin Dyer talked of the company being in "a very positive environment with no signs of anything that will disrupt it at this time". . Let's take a more detailed look at earnings and trends at Jones Lang LaSalle.


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United Parcel Service Inc Equity Research and Analysis

United Parcel Service (NYSE:UPS) delivered earnings that beat analyst expectations on Tuesday, and the market reacted positively by taking the stock above $100. Diluted EPS came in at $1.12 for the quarter -- ahead of analyst estimates of $1.09 -- but that's only part of the story. On closer inspection, there are a few positive takeaways from the results and commentary. Most also reflect positively on FedEx Corp. (NYSE:FDX) -- but one doesn't. Let's take a closer look.



It's worth noting that, despite beating analyst estimates, the company left its full-year guidance unchanged. Management still expects $5.05 to $5.30 in earnings. In a sense, the positive news in the report isn't really about the numbers per se; it's more a matter of how the numbers confirm the directional trends in UPS' business.


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5 Takeaways From Danaher's Earnings

Foreign exchange matters to most companies, but it matters to more to a company like Danaher Corporation (NYSE:DHR). In truth, its underlying earnings and revenue generation were good, but the market is in no mood to forgive companies that reduce estimates, even if the downgrade was due to currency effects. Let's take a look at the five key conclusions from last week's results, and try to gauge the underlying direction of Danaher's progress in 2015.


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Dassault Systemes Equity Research and Analysis

In a departure from the recurring theme of this quarter's earnings season, engineering and design software company Dassault Systemes (NASDAQ Other:DASTY) saw a benefit from currency effects in its recent first-quarter results. Of course, it's a French company and reports in euros, so don't be fooled by the startling headline revenue increase of 32%. Nevertheless, the company's constant currency revenue growth of 19% is still very strong. In addition, the company is tracking significantly ahead of company expectations for the full year. Let's look at the underlying themes in the earnings report and what to expect going forward.


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Robert Half International (RHI) Equity Research Analysis

The market didn't take kindly to staffing specialist Robert Half International's (NYSE:RHI) first-quarter results released on Thursday. In a familiar refrain this earnings season, the company saw its revenue generation hit by the strength of the U.S. dollar. However, that wasn't enough to derail earnings from coming in at the top end of guidance. Moreover, the second-quarter guidance looks OK relative to analyst estimates. So what was the market concerned about when it sold the stock off? Let's take a deeper look at the results to find the answer.


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Polycom Inc Equity Research

Video-conferencing company Polycom Inc's (NASDAQ:PLCM) first-quarter earnings were almost the stuff of a trivia question on a game show. Just how does a company report a 28% increase in non-GAAP EPS while its sales only rose 1%? The answer is obviously margin expansion.

Just how did Polycom do it? Moreover, what are the underlying themes in its trading performance? Let's take a closer look.


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AZZ Incorporated Equity Research

Following two disappointing earnings reports, AZZ Incorporated (NYSE:AZZ) delivered a solid set of fourth-quarter results and reaffirmed its full-year forecast for 2016. Going back to the previous quarter's results, management had lowered expectations for 2015 earnings amid outlining some negative headwinds in the oil and gas market, alongside push-outs of some large nuclear-related projects. How did these headwinds affect the fourth quarter, and what about the company's guidance?


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Check Point Software Technologies Ltd Equity Research and Analysis

Network security company Check Point Software Technologies Ltd. (NASDAQ:CHKP) delivered a strong set of first-quarter earnings on Monday, and the market rewarded investors by taking the stock higher by 5% on the day. Moreover, management announced a threat intelligence partnership with FireEye Inc. (NASDAQ:FEYE). There's a lot to like about the earnings report, so let's take a more detailed look.


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United Parcel Service Return on Assets Analysis

In a previous article, I discussed the three big trends that have changed the nature of end-market demand for FedEx and United Parcel Service, Inc. (NYSE:UPS) since the last recession: burgeoning e-commerce demand, creeping protectionism that's slowing the growth of world trade, and customer preferences for cheaper, less time-sensitive deliveries. All have had an impact, and both companies have had to make significant operational changes in response. Today, I'll look at whether these changes have made UPS less productive.


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FedEx Corporation's Acquisition of TNT Express

FedEx Corporation stock investors will have been pleased by the market's reaction to the announcement of an agreement to buy European courier TNT Express. The deal appears to be a perfect fit, and FedEx's management believes it's unlikely to face the kind of regulatory hurdles that hindered United Parcel Service, Inc's attempt to buy TNT Express two years earlier. With that said, there are still questions to be asked about the deal in general. Specifically, what are the details behind the deal? And what about the execution risk?


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3 Biggest Business Trends in United Parcel Service Inc and FedEx Corporation

Investors in FedEx Corporation and United Parcel Service Inc  have probably noticed some significant changes in their company's end markets in the last few years. Burgeoning e-commerce demand, changes in global trade patterns, and transforming parcel delivery preferences have adjusted the environment in which transportation companies operate. How have they changed the operations of FedEx and UPS, and what does it mean for investors?


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Wells Fargo & Co Earnings Analysis

Wells Fargo & Co. (NYSE:WFC) on Tuesday gave a mundane set of earnings results that led to a slight stock sell-off in early trading. The bank has been in the news for its recent agreement to buy performing loans from the real estate arm of GE Capital. In a sense, the GE deal highlights the need to purchase loans in a difficult lending environment. As a consequence of that environment, Wells Fargo's stock slightly underperformed the S&P 500 over the last five years.



With that said, let's look at the development of the bank's underlying metrics.


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