Credit Facility Closures, Strategic Partnerships, Earnings Releases, and Conference Call Schedules - Research Reports on JCPenney, Delta, Pandora, MGM and Interpublic
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NEW YORK, July 31, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding J. C. Penney Company, Inc. (NYSE: JCP), Delta Air Lines Inc. (NYSE: DAL), Pandora Media, Inc. (NYSE: P), MGM Resorts International (NYSE: MGM) and The Interpublic Group of Companies, Inc. (NYSE: IPG). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5300-100free.
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J. C. Penney Company, Inc. Research Reports
On June 23, 2014, J. C. Penney Company, Inc. (JCPenney) announced the closure of its new $2.35 billion asset-based senior secured credit facility, comprising of a $1.85 billion revolving line of credit and a $500 million term loan. The Company informed that the new facility will replace a $1.85 billion credit facility that was scheduled to mature in April 2016, while providing better pricing terms than the previous facility. Ed Record, CFO at JCPenney, said, "We proactively pursued this new facility to extend the maturity several years and further enhance our liquidity position, particularly during periods of peak working capital needs. We are pleased with the improved pricing terms of this facility as well as the support and confidence from our banking partners." The full research reports on JCPenney are available to download free of charge at:
http://www.analystsreview.com/Jul-31-2014/JCP/report.pdf
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Delta Air Lines Inc. Research Reports
On July 28, 2014, Delta Air Lines Inc. (Delta) announced its partnership with KaBOOM! in order to build a playground at Hiawatha Leadership Academy, Northrop in Minneapolis. Delta informed that Minneapolis marks the fourth KaBOOM! build for Delta, and another playground build is scheduled to take place in Atlanta in October 2014. Delta added that it has also presented a check of $10,000 to the Hiawatha Leadership Academy - Northrop for the long-term maintenance of the playground as well as support the organization's other educational programs. Andy Zarras, Delta's Vice President, Airport Customer Service, Minneapolis/St. Paul, said, "Delta people strive to be good stewards of the communities where we live, work and serve with community organizations like KaBOOM! and the Hiawatha Leadership Academy - Northrop." The full research reports on Delta are available to download free of charge at:
http://www.analystsreview.com/Jul-31-2014/DAL/report.pdf
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Pandora Media, Inc. Research Reports
On July 24, 2014 Pandora Media, Inc. (Pandora) announced financial results for Q2 2014. For Q2 2014, Pandora generated total revenue of $218.9 million, up 43.0% YoY. Pandora informed that the advertising revenue was $177.3 million, up 39.0% YoY and subscription and other revenue was $41.6 million, up 62.7% YoY. Non-GAAP net income of the Company stood at $9.1 million against a net income of $8.6 million in Q2 2013. Pandora posted non-GAAP basic and diluted EPS of $0.04 during the quarter. Thomson Reuters' analysts' expected the Company to earn $0.03 per share on revenue of $218.8 million for Q2 2014. The Company added that it expects its Q3 2014 revenue to be in the range of $235 million to $240 million while revenue for full year 2014 is projected between $895 and $915 million. The full research reports on Pandora are available to download free of charge at:
http://www.analystsreview.com/Jul-31-2014/P/report.pdf
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MGM Resorts International Research Reports
On July 15, 2014, MGM Resorts International (MGM) announced that it will release its Q2 2014 financial results before the market opens on August 5, 2014. The Company informed that it will host a conference call on the same day at 11:00 a.m. Eastern Time, which will include a brief discussion of the results followed by a question and answer session. MGM's Q1 2014 financial results, as reported on April 29, 2014, reflected consolidated net revenue of $2.6 billion, up 11.8% YoY and diluted EPS of $0.21, as compared to $0.01 in Q1 2013. The full research reports on MGM are available to download free of charge at:
http://www.analystsreview.com/Jul-31-2014/MGM/report.pdf
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The Interpublic Group of Companies, Inc. Research Reports
On July 18, 2014, The Interpublic Group of Companies, Inc. (Interpublic) announced financial results for Q2 2014 and H1 2014. The Company posted Q2 2014 revenue of $1.9 billion, up 5.4% YoY. Interpublic's H1 2014 revenue amounted to $3.5 billion, up 5.7% YoY. The Company's adjusted EPS of $0.25 for Q2 2014 was in line with the analysts' expectations, whereas revenues exceeded Reuters' average analysts' estimates of $1.84 billion. Interpublic reported operating income in Q2 2014 of $195.8 million, up 12.0% YoY and operating margin was 10.6% for Q2 2014, as compared to 10.0% in 2013. Michael I. Roth, Interpublic's Chairman and CEO, said, "We are pleased to report a quarter of strong revenue, profit and earnings growth. Our operating results underscore the competitiveness of our agencies, and the quality of our offerings in key growth markets and disciplines. For the full year, we are well-positioned to exceed our organic growth target of 3-4% and improve operating margin by at least 100 basis points, to 10.3% or better." The full research reports on Interpublic are available to download free of charge at:
http://www.analystsreview.com/Jul-31-2014/IPG/report.pdf
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