Company Announcements, Divestitures, Earnings Releases, and Stock Price Updates - Analyst Notes on Costco, Liberty Media, Apollo Education, Yum!, and Myriad
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NEW YORK, April 23, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Costco Wholesale Corporation (NASDAQ: COST), Liberty Media Corp. (NASDAQ: LMCA), Apollo Education Group Inc. (NASDAQ: APOL), Yum! Brands Inc. (NYSE: YUM), and Myriad Genetics Inc. (NASDAQ: MYGN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Costco Wholesale Corporation Analyst Notes
Costco Wholesale Corporation (Costco) announced that the Company will release its monthly sales results for the month of March 2014 on April 10, 2014. For the four-week reporting month of February ended March 2, 2014, the Company reported net sales of $7.90 billion versus $7.58 billion in the year ago period. Costco, along with its subsidiaries, is engaged in the operation of membership warehouses in the U.S. and Puerto Rico, Canada, the U.K., Mexico, Japan, Australia, and through majority owned subsidiaries in Taiwan and Korea. The full analyst notes on Costco Wholesale Corporation are available to download free of charge at:
http://www.AnalystsReview.com/04072014/COST/report.pdf
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Liberty Media Corp. Analyst Notes
On April 3, 2014, Liberty Media Corp. (Liberty Media), along with Barnes & Noble Inc. (Barnes & Noble), announced that Liberty Media has entered into agreements to reduce its stake in Barnes & Noble - largest book retailer in the U.S. The Company informed Barnes & Noble that it has sold the majority of its stake to qualified institutional buyers in accordance with the Rule 144A under the Securities Act, but will retain nearly 10% of its initial investment. The sale of stake is expected to close on April 8, 2014. Concurrently, Liberty Media's right to elect two preferred stock Directors to the Board of Barnes & Noble's along with consent rights and pre-emptive rights will cease on April 8, 2014. As a result, Greg Maffei will no longer serve the board as of the closing on April 8, 2014, while Mark Carleton has been re-elected to the Barnes & Noble Board, effective April 8, 2014. The full analyst notes on Liberty Media Corp. are available to download free of charge at:
http://www.AnalystsReview.com/04072014/LMCA/report.pdf
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Apollo Education Group Inc. Analyst Notes
On April 1, 2014, Apollo Education Group Inc. (Apollo Education) released its Q2 FY 2014 results (period ended February 28, 2014). The Company reported net revenue of $679.1 million in Q2 FY 2014, down 18.6% YoY. During the quarter, the Company's net revenue from University of Phoenix declined 21.2% YoY to $594.1 million. The Company's net income attributable to Apollo Education came in at $14.6 million or $0.13 per diluted share in Q2 FY 2014, compared to a net income of $13.5 million or $0.12 per diluted share in Q2 FY 2013. Going forward, the Company expects net revenue in the range of $3.0 billion - $3.1 billion and operating income of $400 million - $450 million, excluding the impact of special items for full year FY 2014. The full analyst notes on Apollo Education Group Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04072014/APOL/report.pdf
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Yum! Brands Inc. Analyst Notes
On March 31, 2014, Yum! Brands Inc. (Yum!) announced the release of its online 2013 Corporate Social Responsibility (CSR) Report. According to the Company, the CSR report emphasizes on the efforts of the Company in relation to its four strategic areas of focus: Food, People, Community, and Environment. The report features success stories of Yum! in interactive, info-graphic-style and video formats. The stories and examples in the report are mainly related to the global view of the Company and its CSR efforts, including its philanthropic cause, World Hunger Relief, which has become the world's largest private sector hunger relief effort, in support of the United Nations World Food Programme and other hunger relief agencies. Further, the Company has also declared the month of April as the CSR month. The full analyst notes on Yum! Brands Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04072014/YUM/report.pdf
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Myriad Genetics Inc. Analyst Notes
On April 2, 2014, shares in Myriad Genetics Inc. (Myriad) rallied 11.47% to end the trading session at $39.18 on high volumes. Myriad's share price got a boost from the Company's announcement that the Centers for Medicare and Medicaid Services (CMS) will pay $2,767 for the Company's gene-based tests for breast cancer, 37% more than the $2,021 CMS was paying for the tests. A total of 7.50 million shares were traded, which was significantly above its 30-day average volume of 2.14 million. Over the past one month, the stock has gained 7.98% outperforming the NASDAQ Composite which lost 0.64% over the same period. The full analyst notes on Myriad Genetics Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04072014/MYGN/report.pdf
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