Orlando, FL -- (SBWIRE) -- 08/28/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Banco Santander (Brasil) SA(ADR)(NYSE:BSBR), Himax Technologies, Inc. (ADR) (NASDAQ:HIMX).
Banco Santander (Brasil) SA(ADR)(NYSE:BSBR) shares gained 1.23% to $5.74. The company is considering acquisitions to strengthen its real estate and payroll-deductible loan portfolios, Chief Executive Jesús Zabalza told journalists on July 30. Earlier in the day, the local affiliate of Spain's Banco Santander reported a stronger-than-expected profit in the second quarter as a sharp decline in defaults allowed the bank to cut bad-loan provisions.
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Additionally, the company on May 13 announced that following the announcements made on February 22, 2011 and July 14, 2011, in relation to the sale of the total shares of its wholly owned subsidiary Zurich Santander Brasil Seguros e Previdencia SA (current name Santander Seguros SA) (Zurich Santander Seguros) to Zurich Santander Insurance America SL (current name of ZS Insurance America SL), a holding company located in Spain whose 51% stake is held by Zurich Financial Services Ltd and its affiliated companies and 49% by Banco Santander SA, the Company’s controlling shareholder, the total value of the transaction was of BRL 2,744,990,429.98 resulting in a price reduction of BRL 6,567,142.00.
Himax Technologies, Inc. (ADR) (NASDAQ:HIMX) shares decreased 0.09% to $5.78. The company on August 15 said its second-quarter net income rose 29% as small and medium-sized panel driver sales increased. The company earned $19.4 million, or 11 cents per share, for the period ended June 30. That's up from $15.1 million, or 9 cents per shares, a year ago. Adjusted earnings were 12 cents per share. Analysts, on average, expected earnings of 11 cents per share. Revenue climbed 9 percent to $207 million from $189.5 million.
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Looking forward, the company anticipates third-quarter adjusted earnings between about 10 and 12 cents per share. Revenue is expected to fall 5 percent to 12 percent from the second quarter's $207 million. This implies approximately $182 million to $197 million. Analysts predict earnings of 9 cents per share on revenue of $218.8 million.
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