Asustek’s Sound Q4 Earnings Were Lifted By Non-Op Income and Lower Taxes; TWD 310 FVE Retained
No-moat-rated Asustek Computer, or Asus, reported better-than-expected fourth-quarter results, with net income up 9% year over year to TWD 4.9 billion, thanks to robust handset shipments and additional nonoperating income, as well as lower tax expenses. Mobile revenue surged 28% sequentially, while revenue from the PC and Component segments increased by just single digits. Although operating profit margin was still lower than the same period last year, due to higher expense ratios for sales and ...Asustek Computer is engaged in the production, design and sale of notebook PCs, main boards, CD-ROMs and add-on cards. Co.'s product lines include desktop and server, 3D AutoCAD, advanced sound blaster, NB, EeePC computer and Eee series Eee Pc, intelligent navigation phone, LED display, broadband and communication products, and advanced server.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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