Financial Results, New Airlines Routes, Product Launches, Stock Price Updates, and Dividend Declarations - Analyst Notes on Sysco, American Airlines, Lowe's, Gap and Sotheby's
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, May 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Sysco Corp. (NYSE: SYY), American Airlines Group Inc. (NASDAQ: AAL), Lowe's Companies Inc. (NYSE: LOW), Gap Inc. (NYSE: GAP) and Sotheby's (NYSE: BID). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2230-100free.
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Sysco Corp. Analyst Notes
On May 5, 2014, global food products maker and distributor - Sysco Corp. (Sysco) announced financial results for Q3 FY 2014 (period ended March 29, 2014). The sales during the quarter were $11.3 billion, up 3.2% YoY. Net earnings came in at $180.9 million, or $0.31 per diluted share, as compared to $201.4 million, or $0.34 per diluted share in Q3 FY 2013. After adjusting for items, which mainly related to merger and integration planning expenses, and a legal contingency accrual, adjusted diluted EPS came in at $0.38, compared to $0.40 in Q3 FY 2013. Bill DeLaney, Sysco's President and CEO, commented, "Third quarter sales growth was modest due to the impact of severe weather and lower levels of inflation compared to the prior year. However, March sales and gross profit year-over-year trends were significantly stronger compared to January and February as demand rebounded with improved weather and locally-managed sales strengthened." The full analyst notes on Sysco are available to download free of charge at:
http://www.analystsreview.com/2230-SYY-08May2014.pdf
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American Airlines Group Inc. Analyst Notes
On May 5, 2014, American Airlines Group Inc. (American Airlines) and US Airways jointly announced the addition of eight new domestic routes, beginning this fall, from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Philadelphia and Phoenix, increasing the airline's global network access for customers. The Company informed that starting September 3, 2014, customers in Grand Rapids, Michigan will have access to twice-daily nonstop regional service to both Charlotte and Philadelphia; while remaining routes will be operational on October 2, 2014. Chuck Schubert, Vice President of Network and Schedule Planning, commented, "By building our network presence in these regional markets, we are providing more people in more places access to our global network covering more than 330 destinations in more than 50 countries around the world." The full analyst notes on American Airlines are available to download free of charge at:
http://www.analystsreview.com/2230-AAL-08May2014.pdf
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Lowe's Companies Inc. Analyst Notes
On May 5, 2014, Lowe's Companies Inc. (Lowe's) and Valspar - a leader in paint and coatings industry, launched Valspar Reserve™ Paint + Primer with HydroChroma™ Technology, a revolutionary, super premium paint designed to transform the way consumers paint their homes. The Company stated that Valspar Reserve resists more staining, scrubbing and fade, than any other paint currently available in the market. Valspar Reserve™ Paint + Primer is available exclusively at Lowe's stores, and is available in flat, satin and semi-gloss sheens and retails for approximately $42 to $45 per gallon for interior and $46 to $49 per gallon for exterior paint. Clint Davis, Lowe's General Merchandise Manager, commented, "With the combined durability and advanced performance consumers expect from a premium paint, Lowe's and Valspar are revolutionizing the industry with the introduction of a best-in-class offering that ensures consumers don't have to choose between high quality and the perfect color." The full analyst notes on Lowe's are available to download free of charge at:
http://www.analystsreview.com/2230-LOW-08May2014.pdf
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Gap Inc. Analyst Notes
On May 5, 2014, shares of global specialty apparel Company - Gap Inc. (Gap) edged 1.45% higher, closing the day at $39.85. During the session, the Company's shares opened at $39.18 and fluctuated in the range of $40.04 - $38.97. A total of 3.89 million shares changed hands during the session. Over the past 12 months, the shares of the Company increased 2.68%, underperforming the broader market index (S&P 500), which increased 16.73% during the same period. Gap will release its sales numbers for the month of April on May 8, 2014. The full analyst notes on Gap are available to download free of charge at:
http://www.analystsreview.com/2230-GAP-08May2014.pdf
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Sotheby's Analyst Notes
On May 6, 2014, Sotheby's announced that the Board of Directors of the Company has declared a quarterly dividend of $0.10 for Q2 2014. The dividend is payable on June 16, 2014 to shareholders of record as of June 2, 2014. Sotheby's is a global auctioneer of authenticated fine art, decorative art, and jewelry. The full analyst notes on Sotheby's are available to download free of charge at:
http://www.analystsreview.com/2230-BID-08May2014.pdf
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