Corning’s prediction, ahead of its annual investor meeting in New York on Friday, signals confidence that it can grow its top line by selling more fiber-optic cable, smartphone cover glass and other products. Reduced demand for LCD glass — the product that represents the bulk of the company’s profit and sales — has crimped its financial performance of late.

“We now expect the telecommunications, specialty materials, environmental technologies and life sciences business segments to be the primary drivers of increased sales and profits going forward,” Chief Financial Officer Jim Flaws said in a statement.

The company said it expects LCD glass sales to be flat through 2014. Corning also reiterated its recent comments that LCD glass price declines are weighing on the company’s profitability.

Shares were up 1.5% to $13.13 in recent premarket trading.

SOURCE: http://www.marketwatch.com/story/corning-sees-non-lcd-operations-driving-growth-2012-02-03

Hirtler-Garvey has been a member of the youth-focused apparel retailer’s board since August 2005 and has served as chairman of the board’s audit committee as well as the company’s lead independent director. She most recently served as the chief risk executive for Ally Financial Inc. and has held several management positions at Bank of America Corp. (BAC).

Geiger, who also resigned as a member of the board, became the president and chief executive officer of Crumbs Bake Shop Inc. in November. Prior to that, Geiger served as Aeropostale’s chairman and chief executive from August 1998 until February 2010.

Aeropostale, which operates children’s and teen retail chains, saw its stock slump last year as its girls’ business failed to resonate with shoppers and it saw stiffer competition from its teen rivals, including Abercrombie & Fitch Co. (ANF), which has become more promotional.

In November, Aeropostale Inc. reported its fiscal third-quarter profit fell 59% as the company booked sharply higher input costs, though earnings topped the its raised forecast.

Shares closed at $16.64 and were unchanged after hours. The stock is up 9.1% year to date.

SOURCE: http://www.marketwatch.com/story/aeropostale-taps-hirtler-garvey-to-chair-board-2012-02-03

Ardent Mines also exercised its exclusive option to acquire the mineral rights on the Serra do Sereno property, located in Carajas, Brazil, one of the better known mining districts in the world. Ardent Mines is headquartered in New York, and has a field office in Brasilia. The Company has 16.3 million shares outstanding, and trades under the ticker symbol ADNT.

Ardent Mines is committed to developing gold, silver, and copper mines around the world, with strong emphasis on Latin America and on Brazil in particular.

The corporate policy is to develop mining properties with maximum care for the environment.

The company has assembled an extraordinary Board of Directors and experienced Management, our most precious corporate resource.

The Mission of the Company is to create value for our shareholders by acquiring and developing a diversified portfolio of gold, silver, and copper mines, with significant reserves, as well as assembling the best professional talent, in order to effectively execute a profitable operation of these mines.

Ardent Mines has completed the acquisition of Gold Hills Mining, Ltda. in Brazil. They have retained SRK Consulting to assist us in organizing a comprehensive Exploration Program for the property, expected to start during the Summer or 2011.

On May 4, 2011, Ardent Mines signed an exclusive option to acquire the mineral rights on Serra do Sereno, a 10,000 Has. property located in Carajas, the leading mining district of Brazil, known to host the largest Iron, Gold and Copper reserves of this nation.

Upon completing the acquisition of Gold Hills Mining Ltda. and securing the mineral rights of Serra do Sereno, Ardent Mines will focus on the exploration and development of these two extraordinary properties.

Share Structure

Total Shares Outstanding: 16,273,391

Trading float: 5,895,150

Options: 1,300,000 at $4,75

Warrants: 51,600 with an exercise price of $3.85/share for 1 year, 259,741 with an excersise price of $4.15/share

Management stock ownership: 12%

Shares authorised(not issued): 100,000,000

Reporting Status U.S. Registered & Reporting: SEC Filer
Audited Financials Audited
Latest Report

CIK 0001129018
Fiscal Year End 6/30

Incorporated In: NV, USA
Year of Inc. 2000

Legal Counsel
WUERSCH & GERING LLP
100 Wall Street, 21st Fl. | New York, New York 10005
212-509-5050 (firm)| 212-509-9559 (fax)
www.wg-law.com

Stock Transfer Agent 
Pacific Stock Transfer Company
4045 South Spencer Street, Suite 403
Las Vegas, NV 89119
Tel: (702) 361-3033
Fax: (702) 433-1979
www.pacificstocktransfer.com

Auditors:
MaloneBailey, LLP
10350 Richmond Avenue, Suite 800
Houston, TX 77042
o: 713.343.4253
f: 713.343.3453
www.MaloneBailey.com

SOURCE: Ardent Mines Ltd. http://www.ardentmines.com

President Shuichi Takayama will hold a news conference the same day to explain the results, a company spokeswoman said.

The Japanese maker of cameras and medical imaging equipment last year restated its accounts for the past five years following revelations of a $1.5 billion loss-hiding scandal.

SOURCE: http://www.marketwatch.com/story/olympus-plans-to-report-april-dec-results-feb-13-2012-01-26

However, shares slipped 1.3% to $66.73 in after-hours trading as the company issued a downbeat full-year and first-quarter earnings forecast.

For 2012, Citrix sees per-share adjusted earnings of $2.70 to $2.74, below Wall Street’s view of $2.79. It also raised its revenue guidance for the year, now seeing revenue of $2.49 billion to $2.51 billion, from its October view of $2.47 billion to $2.48 billion.

For the current quarter, Citrix forecast adjusted earnings of 49 cents to 51 cents a share on revenue of $555 million to $565 million. Analysts surveyed by Thomson Reuters most recently predicted 56 cents and $561 million, respectively.

Citrix, which improves efficiency by allowing multiple systems to operate on one computer, has reported stronger results over the past year on broad-based revenue gains and improved margins. Its desktop-solutions business, which includes XenApp and XenDesktop, has had its growth accelerate recently due to the increasing importance of desktop virtualization.

Competitor VMware Inc. VMW +0.27% on Monday reported its fourth-quarter earnings rose 67% as the software maker posted double-digit-percentage increases in services and licenses revenue, as well as stronger margins.

Citrix reported a profit of $108.7 million, or 58 cents a share, up from $94.4 million, or 49 cents a share, a year earlier. Excluding stock-based compensation and other items, earnings rose to 78 cents a share from 65 cents a share. Revenue rose 17% to $619.4 million.

In October, the company forecast adjusted earnings of 75 cents to 76 cents a share on revenue of $610 million to $620 million, above analysts’ estimates at the time.

Operating margin widened to 21.9% from 21.4%.

Revenue from product licenses, or new product purchases, jumped 17%, while revenue from license updates, including annuity revenue from subscriptions paid when new licenses are purchased, climbed 9.3%. Software-as-a-service revenue was up 21% while technical-services revenue rose 34%.

SOURCE: http://www.marketwatch.com/story/citrix-earnings-rise-2012-earnings-view-downbeat-2012-01-25

Shares were up 7.3% at $17.31 after hours on the company’s better-than-expected outlook. Through the close, shares have risen 14% in the last year, better than the broader market.

The company predicted adjusted first-quarter earnings of 22 to 33 cents a share on revenue of $360 million to $400 million. Analysts surveyed by Thomson Reuters expected 15 cents and $296 million respectively.

The company’s results have been faltering in recent quarters, as its chip-maker clientele faces wilting demand. The company swung a loss from continuing operations before income taxes of $9.2 million in the latest period versus a year-earlier profit of $50.8 million. The latest period included a $134 million tax-provision benefit.

But overall, Teradyne posted a profit of $125.1 million, or 56 cents a share, from $60.1 million, or 27 cents a share, a year earlier. The latest results included acquisition costs and pension settlement, while the previous year’s results included employee severance and a facility-related benefit. Excluding items, earnings from continuing operations fell to 16 cents a share from 35 cents.

Revenue decreased 4.2% to $297 million.

In October, Teradyne forecast adjusted per-share earnings of 8 cents to 16 cents on revenue between $270 million and $300 million.

Gross margin fell to 45.9% from 52.7%.

SOURCE: http://www.marketwatch.com/story/teradyne-earnings-jump-on-tax-benefit-shares-up-2012-01-25

Shares surged 9.7% to $36.46 after hours as the company also predicted an upbeat second-quarter profit of 51 cents to 58 cents, excluding any restructuring charges, with revenue between $550 million and $580 million. Analysts polled by Thomson Reuters were expecting 51 cents and $548 million, respectively.

Plexus’s earnings have slid for the past three quarters as weak end-market demand prevents some customers from expanding their manufacturing operations. The company provides mechanical and electronic products to makers of everything from industrial equipment to electronics, leaving it indirectly vulnerable to broader weakness in consumer demand.

Margins still improved in the latest quarter after the company’s engineering solutions group delivered better-than-expected earnings. Chief Financial Officer Ginger Jones also pointed to positive results from a recent inventory disposition.

The company has cautioned that volatile customer demand will make it difficult to predict revenue growth this year, though orders from new customers have helped bolster its top line. Major brands like Juniper Networks Inc. JNPR +1.96% and Coca-Cola Co. KO -0.13% are among the company’s biggest clients.

Plexus grew its manufacturing base earlier this month when a Malaysian subsidiary of embedded computing company Kontron AG agreed to transfer most of its inventory, equipment and employees. Plexus expects the deal, which includes a payment of about $30 million to $35 million, to modestly add to earnings this fiscal year.

For the quarter ended Dec. 31, Plexus reported a profit of $17.9 million, or 51 cents a share, down from $25 million, or 61 cents a share, a year earlier. Net sales fell 6.4% to $529.7 million.

The company’s revised guidance earlier this month called for a profit between 48 cents and 50 cents a share, with $525 million to $530 million in revenue.

Gross margin edged up to 9.8% from 9.7%.

SOURCE: http://www.marketwatch.com/story/plexus-earnings-fall-29-on-weaker-sales-2012-01-18

Shares rose 7.1% to $37.82 after hours as the company predicted its fourth-quarter revenue would rebound by 2% to 6% sequentially, delivering between $521.3 million and $541.8 million in sales. Analysts’ average estimate called for $511 million, according to a poll by Thomson Reuters.

Xilinx’s sales have soured over the past two quarters as the semiconductor company’s communications customers, particularly in the wireless sector, hold back on new orders.

At the same time, President and Chief Executive Moshe Gavrielov has touted the company’s efforts to improve its margins during the sales downturn. Xilinx makes chips for devices ranging from cellphone-base stations to DVD players, though communications products still accounted for 43% of its top line in the latest quarter.

For the period ended Dec. 31, earnings fell to $127 million, or 47 cents a share, down from $152.3 million, or 58 cents a share, a year earlier. The latest quarter’s result included a six-cent per-share tax benefit. Analysts were expecting a 37-cent profit.

Revenue was $511.1 million, down 9.9% from a year earlier and 7.9% below the second-quarter result. The company’s lowered December projection called for a 9% to 12% sequential decline, which would have delivered between $488.6 million and $505.2 million.

Gross margin edged up to 65.8% from 65.7%, above the company’s December target of about 65%.

Sales to Xilinx’s communications end market fell 13%, while the company’s Asia Pacific region reported the steepest revenue drop with a 17% decline in sales.

SOURCE: http://www.marketwatch.com/story/xilinxs-net-falls-17-on-wireless-weakness-2012-01-18

In its interim update, Chevron said U.S. production in the first two months of the quarter reached about 660,000 barrels of oil equivalent a day, down 5.4% from a year ago and 0.3% below the third quarter.

International output reached 1.979 million barrels of oil equivalent a day, down 5.2% on the year but up 2.2% from the third quarter.

Chevron received $106.41 a barrel on average for crude oil from its U.S. fields, up 34% from a year earlier and up 5.1% compared with the full third quarter. Realized U.S. natural-gas prices averaged $3.71 per thousand cubic feet, up 1.6% from a year ago but 10.4% below the third quarter.

U.S. natural-gas prices continue to wallow at two-year lows as surging production from shale rock formations outpaces demand. The commodity’s benchmark future plummeted to a 28-month low Wednesday after revised weather forecasts indicated a warming trend across much of the nation.

The oil-and-gas producer projected breakeven fourth-quarter earnings in its downstream operations due to lower margins and refinery input volumes. Chevron also closed the sale of a U.K. refinery and other assets to Valero Energy Corp. VLO -1.42% in the third quarter, which makes for a tougher fourth-quarter comparison.

The company said its Gulf Coast refining margins fell sharply in the fourth quarter due to lower crude-input volumes. International refining and marketing margins also fell after the sale of the Pembroke refinery in the U.K. lowered input volumes.

Chevron is slated to report full fourth-quarter results Jan. 27. The company expects to report $250 million to $350 million in after-tax net charges in the fourth quarter.

Shares fell 1.9% to $105.68 after hours. The stock is up 17% over the past 12 months.

SOURCE: http://www.marketwatch.com/story/chevron-warns-of-lower-fourth-quarter-earnings-2012-01-11

Kaz Hirai, who oversees Sony’s videogame and consumer electronics businesses, said the company always viewed PlayStation 3, which debuted in 2006, as a product with a 10-year life cycle and he sees no reason to rush to replace it with a new system.

The E3 trade show, slated this year for early June in Los Angeles, is an event where many videogame console makers reveal plans for upcoming systems. Historically, new game machines are announced about every five years so there has been a lot of speculation that a new PlayStation may be unveiled at this year’s E3.

During a roundtable with reporters at the Consumer Electronics Show, a reporter asked a question to Hirai attributing comments to the head of its videogame division, Andrew House, that there would be no announcement about a PlayStation 4 at the show.

Hirai, who appointed House for the job, said they are not talking about a new home console now and that they don’t plan to do so at E3.

“Andy (House) is absolutely right in that we are not making any announcements at E3,” Hirai said. “I’ve always said a 10-year life cycle for PS3, and there is no reason to go away from that.”

Separately, Sony Chief Executive Howard Stringer also fielded a question about a possible investment in Olympus Corp. , the embattled digital camera and medical equipment maker. Olympus has said it needs to raise capital to restore its battered financial health in the wake of its accounting scandal.

Stringer declined to comment on it, saying the situation wasn’t far enough along. “We haven’t marched forward in that particular area,” he said.

SOURCE: http://www.marketwatch.com/story/sony-denies-plans-to-unveil-new-playstation-at-e3-2012-01-10