Form 6-K SMART Technologies Inc. For: May 14
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S&P Cuts SMART Technologies (SMT) Rating to 'B-'; Outlook Negative
May 15, 2015 3:43 PM EDTStandard & Poor's Ratings Services said it lowered its corporate credit rating on Calgary, Alta.-based interactive display producer SMART Technologies Inc. (Nasdaq: SMT) to 'B-' from 'B'. The outlook is negative.
At the same time, we lowered our issue-level rating on SMART's US$125 million term loan. The '1' recovery rating on this loan is unchanged, and indicates our expectation for very high (90%-100%) recovery in the event of a default.
"We base the downgrade on our expectation that the company's operating performance will materially weaken in the next 12 months owing to... More
SMART Technologies Inc. (SMT) Tops Q4 EPS by 1c, Guides Q1 Revenue Below Views
May 14, 2015 4:32 PM EDTSMART Technologies Inc. (NASDAQ: SMT) reported Q4 EPS of ($0.05), $0.01 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $99.6 million versus the consensus estimate of $130.55 million.
SMART Technologies Inc. sees FY2015 revenue of $90-100 million, versus the consensus of $129.50... More
