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RDN, AAPL, EFII - CRWESelect.com Stock News! Radian Group Inc., Apple Inc.,...
RDN, AAPL, EFII - CRWESelect.com Stock News! Radian Group Inc., Apple Inc., Electronics for Imaging Inc. (Video Included Inside)
January 24, 2012 Investment news in Las Vegas,Nevada, United States of America
"Apple Inc. posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion"
FOR IMMEDIATE RELEASE
Las Vegas,
Nevada,
United States of America
(Free-Press-Release.com) January 24, 2012 --
To view video, and read the full article visit URL http://crweselect.com/28308/stock-alerts/rdn-aapl-efii-crweselectcom-stock-news-radian-group-inc-apple-inc-electronics-for-imaging-inc-video-included-inside/
Radian Group Inc. (NYSE: RDN)
RDN announced today that on January 24, 2012, its financial guaranty insurance subsidiary, Radian Asset Assurance Inc., entered into a three-part transaction with subsidiaries of Assured Guaranty Ltd. that included the following: The commutation of a $12.9 billion portfolio reinsured by Radian Asset; The ceding of $1.8 billion of public finance business; An agreement to sell Municipal and Infrastructure Assurance Corporation (MIAC) for $91 million, subject to regulatory approval.
RDN, headquartered in Philadelphia, provides private mortgage insurance and related risk mitigation products and services to mortgage lenders nationwide through its principal operating subsidiary, Radian Guaranty Inc. These services help promote and preserve homeownership opportunities for homebuyers, while protecting lenders from default-related losses on residential first mortgages and facilitating the sale of low-downpayment mortgages in the secondary market.
For more information about RDN please visit http://www.radiangroupinc.com
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Apple Inc. (NASDAQ: AAPL)
AAPL announced today financial results for its fiscal 2012 first quarter which spanned 14 weeks and ended December 31, 2011. The Company posted record quarterly revenue of $46.33 billion and record quarterly net profit of $13.06 billion, or $13.87 per diluted share. These results compare to revenue of $26.74 billion and net quarterly profit of $6 billion, or $6.43 per diluted share, in the year-ago quarter. Gross margin was 44.7 percent compared to 38.5 percent in the year-ago quarter. International sales accounted for 58 percent of the quarter’s revenue.
AAPL designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. Apple leads the digital music revolution with its iPods and iTunes online store. Apple has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad.
For more information about AAPL please visit http://www.apple.com
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Electronics for Imaging, Inc. (NASDAQ: EFII)
EFII announced today its results for the fourth quarter of 2011. For the quarter ended December 31, 2011, the Company reported record revenue of $163.1 million, up 12% year-over-year compared to fourth quarter 2010 revenue of $145.0 million. Fourth quarter 2011 non-GAAP net income was $16.6 million or $0.36 per diluted share, including $0.03 of unfavorable non-operational currency impact, compared to non-GAAP net income of $13.3 million or $0.28 per diluted share for the same period in 2010. GAAP net income was $11.5 million or $0.25 per diluted share, compared to $8.1 million or $0.17 per diluted share for the same period in 2010.
EFII is a world leader in customer-focused digital printing innovation. Electronics for Imaging's award-winning solutions, integrated from creation to print, deliver increased performance, cost savings and productivity. The company's product portfolio includes Fiery(R) digital color print servers; VUTEk(R) super-wide digital inkjet printers, UV and solvent inks; Rastek UV wide-format inkjet printers; Jetrion(R) industrial inkjet printing systems; print production workflow and business process automation software; and corporate printing solutions.
For more information about EFII please visit http://www.efi.com
To read the full article visit URL http://crweselect.com/28308/stock-alerts/rdn-aapl-efii-crweselectcom-stock-news-radian-group-inc-apple-inc-electronics-for-imaging-inc-video-included-inside/
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