Apple’s Cook Talks Business in China, Siemens Sacks CEO, and 3 More Hot Stocks
Apple Inc. (NASDAQ:AAPL): Tim Cook visited with China Mobile’s Chairman Xi Guohua in Beijing on Tuesday, to reportedly discuss cooperation between the two companies, Reuters is reporting. China Mobile is the only Chinese carrier not to have a distribution deal with Apple to sell its iPhone and iPad devices, though no further details about the meeting were released.
Siemens AG (NYSE:SI): As was expected, Siemens has fired CEO Peter Loescher six years into his 10 year contract, with CFO Joe Kaeser to become CEO, effective August 1. Loescher is considered to be responsible for a string of missed-earnings targets, bungled acquisitions, as well as an expensive and ultimately disappointing green-energy strategy. However, Siemens’s net income grew 43 percent for the quarter to 1.1 billion euros, lifted by profit contributions from discontinued operations. Revenue fell 2 percent, but orders grew by 19 percent to 21.1 billion euros.
Manchester United Ltd. (NYSE:MANU): Manchester United has signed a two year contract with PepsiCo (NYSE:PEP) in the Asian regions, including Thailand, Malaysia, and Cambodia. No financial terms were disclosed, though Manchester claims to have 650 million followers worldwide, and 38 million in the seven countries relevant to the Pepsi contract.
SodaStream (NASDAQ:SODA): SodaStream shares are tearing almost 15 percent, as the company posts EPS of $0.74, beating by $0.17, and revenue of $132.4 million, beating by $2.68 million. Sales in the Americas grew an impressive 55 percent to $30.7 million, while Western Europe posted an equally flattering gain of 26 percent. The company also lifted its guidance for 2013, with revenue expected to increase 30 percent, versus 27 percent previously, and EBITDA to 38 percent against 36 percent prior.