Earnings Releases and Senior Level Appointments - Research Reports on GoPro, McKesson, Charter Communications, Target and Expedia
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NEW YORK, August 5, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding GoPro Inc. (NASDAQ: GPRO), McKesson Corporation (NYSE: MCK), Charter Communications, Inc. (NASDAQ: CHTR), Target Corporation (NYSE: TGT) and Expedia Inc. (NASDAQ: EXPE). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5439-100free.
GoPro Inc. Research Reports
On July 31, 2014, GoPro Inc. (GoPro) announced its financial results for Q2 2014. During the quarter, the Company's net sales increased significantly by 38.1% YoY to $244.6 million, driven by increased demand for its Hero 3+ Black Edition and demand for accessory products. The Company recorded net loss of $19.8 million or $0.24 per diluted share, compared to a net loss of $5.1 million or $0.06 per diluted share in Q2 2013, primarily on account of significant increase in its general and administrative expenses to $41.2 million. Nicholas Woodman, CEO of GoPro, said, "We are seeing a tremendous volume of quality content generated by our users and a 200% year over year increase in video views on YouTube, which is fueling our virtuous cycle whereby viewership of GoPro content drives sales. Our second quarter performance demonstrates our users' continued passion for GoPro's products, content and brand." The full research reports on GoPro are available to download free of charge at:
http://www.analystsreview.com/Aug-05-2014/GPRO/report.pdf
McKesson Corporation Research Reports
On July 31, 2014, McKesson Corporation (McKesson) announced financial results for Q1 FY 2015 (period ended June 30, 2014). During the quarter, the Company's revenues jumped by 36.7% YoY to $44.1 billion, primarily on account of revenue contribution by Celesio acquisition in the previous quarter coupled with increased drug utilization and price increases. Net income came in at $403 million or $1.72 per diluted share, compared to $424 million or $1.83 per diluted share in Q1 FY 2014. H. Hammergren, Chairman and CEO, said, "McKesson fiscal first quarter results represent a strong start to the year with solid execution across our business and particularly strong growth in our Distribution Solutions segment. Based on the strength of our Distribution Solutions results in the first quarter and our confidence in the full year, we are raising our previous outlook and now expect Adjusted Earnings per diluted share from continuing operations of $10.50 to $10.90 for the fiscal year ending March 31, 2015." The full research reports on McKesson are available to download free of charge at:
http://www.analystsreview.com/Aug-05-2014/MCK/report.pdf
Charter Communications, Inc. Research Reports
On July 31, 2014, Charter Communications, Inc. (Charter Communications) announced Q2 2014 financial results. The Company's revenues increased by 14.6% YoY to $2.3 billion, primarily reflecting the increase in the number of residential Internet and triple play, and commercial business customers, growth in expanded basic and digital penetration, higher advanced services penetration, and the effect of Bresnan Broadband Holdings, LLC acquisition in July 2013. The Company incurred a net loss of $45 million or $0.42 per diluted share, compared to a net loss of $96 million or $0.96 per diluted share in Q2 2013. Tom Rutledge, President and CEO said, "Our strategic initiatives to reposition Charter in the marketplace are gaining momentum and having their intended impact, attracting customers and driving faster revenue and Adjusted EBITDA growth. As we continue to implement our all-digital initiative, and roll-out the Charter Spectrum brand and product suite, Charter is well positioned to drive higher levels of product penetration, financial growth and return on investment." The full research reports on Charter Communications are available to download free of charge at:
http://www.analystsreview.com/Aug-05-2014/CHTR/report.pdf
Target Corporation Research Reports
On July 31, 2014, Target Corporation (Target) announced that its Board of Directors has named Brian Cornell as next chairman of the Board of Directors and CEO, effective August 12, 2014. Cornell, who has more than 30 years of experience at some of the nation's leading retail and consumer product companies, will be responsible for improving Target's performance and advancing its omni-channel evolution. Recently, Cornell served as the CEO of PepsiCo Americas Foods where he oversaw the company's global food business. The full research reports on Target are available to download free of charge at:
http://www.analystsreview.com/Aug-05-2014/TGT/report.pdf
Expedia Inc. Research Reports
On July 31, 2014, Expedia Inc. (Expedia) announced Q2 2014 financial results. The Company's revenues increased by 24.0% YoY to $1.5 billion, primarily due to growth in hotel, advertising and media, and air ticket revenue. Revenues from the Leisure segment, which provides a full range of travel and advertising services, accounted for more than 90% of the total revenue in Q2 2014, and grew by 25.4% YoY. However, revenues from Egencia, which provides managed travel services to corporate customers in North America, Europe, and the Asia Pacific region, grew at a much slower pace of 8.2% YoY during the quarter. Q2 2014 net profit came in at $89.4 million or $0.67 per diluted share, in comparison to $71.5 million or $0.51 per diluted share in Q2 2013. The full research reports on Expedia are available to download free of charge at:
http://www.analystsreview.com/Aug-05-2014/EXPE/report.pdf
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