Latest Updates From Business Services Sector: Complementary Research on Local Corp., Marchex, MoneyGram, NetEase and MOL Global
NEW YORK, February 24, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Local Corp. (NASDAQ: LOCM), Marchex (NASDAQ: MCHX), MoneyGram (NASDAQ: MGI), NetEase (NASDAQ:NTES), and MOL Global (NASDAQ: MOLG). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
LOCM Research Report: ( http://get.analystsreview.com/pdf/?c=Local%20Corp.&d=24-Feb-2015&s=LOCM ),
MCHX Research Report: ( http://get.analystsreview.com/pdf/?c=Marchex&d=24-Feb-2015&s=MCHX ),
MGI Research Report: ( http://get.analystsreview.com/pdf/?c=MoneyGram&d=24-Feb-2015&s=MGI ),
NTES Research Report: ( http://get.analystsreview.com/pdf/?c=NetEase&d=24-Feb-2015&s=NTES ),
MOLG Research Report: ( http://get.analystsreview.com/pdf/?c=MOL%20Global&d=24-Feb-2015&s=MOLG ).
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Analyst Update: Financial Results, Upcoming Earnings, and Sponsorships
Reviewed by: Rohit Tuli, CFA®
U.S. stock markets witnessed a mixed trend on Monday, as the indices pulled back from records reached last week. The Dow Jones Industrial Average fell 23.6 points, or 0.1%, to 18116.84. The S&P 500 lost 0.64 point to 2109.66, while the Nasdaq Composite added 5.01 points, or 0.1%, to 4960.97. Falling oil prices and disappointing data on US existing home sales weighed upon the markets. However, European stocks rallied after Greek creditors agreed to extend the nation's bailout funds. The Stoxx Europe 600 Index added 0.7% to 385.08 at the close in London. Asian markets were mostly up on Monday, buoyed by a bailout deal between Greece and the euro zone last week. Japan's key Nikkei 225 index jumped 0.7% and Australia's benchmark S&P ASX 200 index gained 0.5%. Trading volumes remained light with China, Taiwan and Vietnam still closed for the Chinese New Year holiday.
Local Corporation (Local Corp.) is scheduled to release financial results for its fourth quarter and full year 2014 on Friday, February 27, 2015, before market opening. A conference call to discuss the Company's vision, financial results and outlook will also be hosted at 7:30 a.m. PT (10:30 a.m. ET) on the same day by Fred Thiel, Chairman and CEO, and Ken Cragun, CFO.
Marchex, Inc. (Marchex) will hold a conference call at 5:00 p.m. ET on February 25, 2015 to discuss the financial results for its fourth quarter 2014 ended on December 31, 2014 and outlook for the Company. Prior to the call, the results will be released at approximately 4:20 p.m. ET.
Moneygram International, Inc. (Moneygram) reported lower revenue and net earnings for Q4 2014, as the results were impacted by significant competitive actions in the U.S.-to-U.S. corridor. The Company's self-service revenue grew 32% YoY in the quarter.
NetEase, Inc. (NetEase) reported 43% YoY jump in fourth quarter revenue to 3.46 billion yuan ($558,134 million), driven by a three-fold increase in its expanding email, e-commerce business. Nasdaq reported on February 9, 2015 that the Chinese gaming and Internet giant posted a profit of $1.27 billion yuan ($204,892 million), or 39 yuan ($9.67) an ADS for the reported quarter, up from 1.24 billion yuan, or 38 yuan ($9.48) an ADS, a year earlier.
MOL Global, Inc.'s (MOL Global) subsidiary MOL Australia announced on January 7, 2015 its sponsorship of Team PhoeniX, an Australia-based World of Tanks team. Team PhoeniX will leverage MOLPoints - the Company's micropayment solution - for their in-game purchases and game practice to improve their strategic gameplay.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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