Earnings Results, Corporate Updates, and Acquisitions - Analyst Notes on Amazon, Omnicom, Lamar, Interpublic and Huron
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NEW YORK, April 29, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Amazon.com Inc. (NASDAQ: AMZN), Omnicom Group Inc. (NASDAQ: OMC), Lamar Advertising Co. (NASDAQ: LAMR), The Interpublic Group of Companies, Inc. (NYSE: IPG) and Huron Consulting Group Inc. (NASDAQ: HURN). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1734-100free.
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Amazon.com Inc. Analyst Notes
On April 24, 2014, Amazon.com Inc. (Amazon) reported its financial results for Q1 2014. Total net sales for the period increased 22.8% YoY to $19.7 billion. Net income for the quarter was $108 million or $0.23 per diluted share, compared to net income of $82 million or $0.18 per diluted share in Q1 2013. Founder and CEO Jeff Bezos said, "We get our energy from inventing on behalf of customers, and 2014 is off to a kinetic start. Our device team launched Fire TV, offering great content, including our recently announced exclusive deal with HBO, and innovative features like unified voice search, which we're delighted is being adopted by so many new partners, including Netflix, HBO Go, Hulu Plus, Crackle and Showtime Anytime." The Company said that for Q2 2014, it expects sales to range from $18.1 billion to $19.8 billion. The full analyst notes on Amazon are available to download free of charge at:
http://www.analystsreview.com/1734-AMZN-29Apr2014.pdf
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Omnicom Group Inc. Analyst Notes
On April 22, 2014, Omnicom Group Inc. (Omnicom) reported its financial results for Q1 2014. Revenue increased 3.0% YoY to $3.5 billion. According to the Company, organic growth increased revenue, while acquisitions, net of dispositions reduced revenue and the impact of foreign exchange rates also reduced revenue. Net income available for common shares for Q1 2014 was 201.4 million or $0.77 per diluted share, compared to net income available for common shares of 199.7 million or $0.76 per diluted share in Q1 2013. The full analyst notes on Omnicom are available to download free of charge at:
http://www.analystsreview.com/1734-OMC-29Apr2014.pdf
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Lamar Advertising Co. Analyst Notes
On April 23, 2014, Lamar Advertising Co. (Lamar) announced the receipt of its requested private letter ruling from the US Internal Revenue Service (the IRS) regarding certain matters relevant to its intended election to be taxed as a real estate investment trust (REIT) under the Internal Revenue Code of 1986, as amended (the Code). Lamar said that as previously announced, the Company plans to make an election under Section 1033(g)(3) of the Code to treat its outdoor advertising displays as real property for tax purposes. Lamar stated that the private letter ruling confirms, among other matters, that Lamar's income from renting space on such outdoor advertising displays qualifies as rents from real property for REIT purposes. Lamar informed that its conversion to REIT status is expected to be effective as of January 1, 2014. The full analyst notes on Lamar are available to download free of charge at:
http://www.analystsreview.com/1734-LAMR-29Apr2014.pdf
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The Interpublic Group of Companies, Inc. Analyst Notes
On April 22, 2104, The Interpublic Group of Companies, Inc. (Interpublic) reported its financial results for Q1 2014. Total revenue increased 6.1 % YoY to $1.6 billion. Net loss available to Interpublic common stockholders was $20.9 million or $0.05 per diluted share, compared to net loss available to Interpublic common stockholders of $59.2 million or $0.14 per diluted share in Q1 2013. Commenting on the results, Chairman and CEO Michael I. Roth said, "We are pleased to report a strong quarter in terms of organic revenue growth and earnings performance. We saw solid contributions from across our agency portfolio, with strength in the US, as well as significant growth in Latin America and Asia. We believe that we remain well-positioned to meet or exceed our 2014 organic growth target of 3-4% and an operating margin of 10.3% or better." The full analyst notes on Interpublic are available to download free of charge at:
http://www.analystsreview.com/1734-IPG-29Apr2014.pdf
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Huron Consulting Group Inc. Analyst Notes
On April 24, 2014, Huron Consulting Group Inc. (Huron) announced that it has entered into an agreement to acquire the assets of Vonlay, LLC, a healthcare technology consulting firm, specializing in clinical information systems and electronic health records implementations and optimizations. According to the Company, Vonlay's expertise in healthcare information technology expands Huron Healthcare's (a business segment of the Company) capabilities empowering hospitals, health systems, and academic medical centers to improve their operations and care delivery. Huron stated that the acquisition will lead to approximately 130 Vonlay professionals joining the Huron Healthcare team. The Company also mentioned that Aaron Carlock, Mike Kolpien and Farhan Ahmad will join Huron as managing directors. Huron informed that the acquisition is anticipated to close in May 2014, subject to certain customary closing conditions. The full analyst notes on Huron are available to download free of charge at:
http://www.analystsreview.com/1734-HURN-29Apr2014.pdf
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