Annual Meeting, Store Opening, Clinical Study Results, Earnings Releases, and Divestiture - Analyst Notes on Lowe's, DICK'S, Cardinal Health, Costco and Tyco International
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NEW YORK, June 5, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Lowe's Companies Inc. (NYSE: LOW), DICK'S Sporting Goods Inc. (NYSE: DKS), Cardinal Health, Inc. (NYSE: CAH), Costco Wholesale Corporation (NASDAQ: COST) and Tyco International Ltd. (NYSE: TYC). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3386-100free.
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Lowe's Companies Inc. Analyst Notes
On May 30, 2014, Lowe's Companies Inc. (Lowe's) held its annual meeting of shareholders and discussed the Company's financial performance in 2013. Robert A. Niblock, President and CEO of Lowe's, highlighted strategic initiatives that the Company took to ensure favourable financial outcomes, including the enhanced line review and product reset process, improved display techniques, and investment in incremental store labor, which allowed the Company to fully capitalize on market growth. In addition, the Board also declared a 27.8% increase in its quarterly cash dividend to $0.23 per share, payable on August 6, 2014 to shareholders of record as of July 23, 2014. Also during the meeting, shareholders re-elected Board members Raul Alvarez, David W. Bernauer, Leonard L. Berry, Angela F. Braly, Richard W. Dreiling, Dawn E. Hudson, Robert L. Johnson, Marshall O. Larsen, Richard K. Lochridge, Robert A. Niblock, and Eric C. Wiseman to one-year terms. The full analyst notes on Lowe's are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/LOW/report.pdf
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DICK'S Sporting Goods Inc. Analyst Notes
On June 2, 2014, DICK'S Sporting Goods Inc. (DICK'S) announced the grand opening of its store in Chicago, starting Friday, June 13, 2014 until Sunday, June 15, 2014, at the new location at The Maxwell (1100 S. Canal Street). Throughout the celebration, which will continue for three days, DICK'S will host several giveaways for first 100 people in line, which include a free Reebok Play Dry T-Shirt on Friday, a free Mystery Gift Card from $5 to $500 on Saturday and Sunday for the first 100 adults in line. Guests in line early will receive a combination for a chance to open the store's gift locker at 7:45 a.m. on Friday and Saturday and 8:45 a.m. on Sunday. For the opening, special extended hours will be in effect, with the store opening at 8:00 a.m. on Friday and Saturday and 9:00 a.m. on Sunday. The full analyst notes on DICK'S are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/DKS/report.pdf
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Cardinal Health, Inc. Analyst Notes
On May 27, 2014, Cardinal Health, Inc. (Cardinal Health) released results from its clinical studies, demonstrating that Cardinal Health Specialty Solutions' Clinical Pathways program reduces the cost of cancer treatment, improves clinical care and shows promise for guiding treatment of other complex diseases beyond cancer. One of the studies reported an 18.3% decrease in chemotherapy costs, while another study released last year showed a 15% decline. Commenting on the outcome, Dr. Bruce Feinberg, Chief Medical Officer and Vice President of Cardinal Health, said that the new studies show the Company's Clinical Pathways are delivering improved outcome, aligned physician reimbursement and better quality care for patients. The five studies are slated to be featured in early June at two prominent medical meetings, the American Society of Clinical Oncology (ASCO) annual meeting in Chicago and the International Society for Pharmacoeconomics and Outcomes Research (ISPOR) annual meeting in Montreal. The full analyst notes on Cardinal Health are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/CAH/report.pdf
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Costco Wholesale Corporation Analyst Notes
On May 29, 2014, Costco Wholesale Corporation (Costco) reported its Q3 FY 2014 and 9M FY 2014 financial results (period ended May 11, 2014). Quarterly net sales increased 7.1% YoY to $25.2 billion. Q3 FY 2014 net income was registered as $473 million or $1.07 per diluted share, compared with $459 million or $1.04 per diluted share in Q3 FY 2013. 9M FY 2014 net sales for Costco were $75.5 billion, compared with $71.0 billion in 9M FY 2013. Costco's 9M FY 2014 net income stood at $1.36 billion, or $3.07 per diluted share, compared with $1.42 billion, or $3.23 per diluted share, in 9M FY 2013. 9M FY 2014 net income is positively impacted by a second quarter $62 million or $0.14 per diluted share tax benefit in connection with the portion of the special cash dividend paid in December 2012. The full analyst notes on Costco are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/COST/report.pdf
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Tyco International Ltd. Analyst Notes
On May 22, 2014, Tyco International Ltd. (Tyco International) announced the completion of sale of Tyco Fire & Security Services Korea Co. Ltd. and its subsidiaries, which form and operate the Company's South Korea security business, to The Carlyle Group for $1.93 billion by its wholly-owned subsidiary Tyco Far East Holdings Ltd. The full analyst notes on Tyco International are available to download free of charge at:
http://www.analystsreview.com/Jun-05-2014/TYC/report.pdf
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