Quarterly Financial Results and Share Buyback Program Expansion - Research Reports on United Continental, Tractor Supply, Cabela's, CarMax and O'Reilly
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NEW YORK, October 28, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding United Continental Holdings, Inc. (NYSE: UAL), Tractor Supply Company (NASDAQ: TSCO), Cabela's Incorporated (NYSE: CAB), CarMax Inc. (NYSE: KMX) and O'Reilly Automotive Inc. (NASDAQ: ORLY). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/7491-100free.
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United Continental Holdings, Inc. Research Reports
On October 23, 2014, United Continental Holdings, Inc.'s subsidiary United Airlines (UAL) announced its Q3 2014 financial results. UAL's total revenue in Q3 2014 was $10.6 billion, an increase of 3.3% YoY. Net income of the airline jumped to $924 million or $2.37 per diluted share in the quarter from $379 million or $0.98 per diluted share in the year ago period. Excluding special items, the Company's diluted earnings per share stood at $2.75 versus $1.39 in the year ago period. According to a Reuters report, the sharp rise in UAL's Q3 2014 bottom-line was driven by lower fuel and maintenance costs. UAL's total operating expenses fell 3.6% YoY to $9.4 billion. "We are seeing good results from our revenue initiatives, and over the next several quarters, we expect to build on our early momentum," said Jim Compton, UAL's Vice Chairman and Chief Revenue Officer. The stock of United Continental gained 0.73% to close at $49.42. The full research reports on United Continental are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/UAL/report.pdf
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Tractor Supply Company Research Reports
On October 22, 2014, Tractor Supply Company (TSCO) announced its Q3 FY 2014 financial results (period ending September 27, 2014), after the markets closed. The Company's net sales increased 12.6% YoY to $1.4 billion. TSCO's Q3 FY 2014 comparable-store sales rose 5.6%, compared with 7.5%, a year earlier. The Company said that its same-store sales benefited from favorable weather conditions throughout the quarter, which in turn drove strong performance in consumable, usable and edible (C.U.E.) and seasonal products. Net income also increased to $76.6 million, or $0.55 per diluted share, in Q3 2014 from $64.8 million or $0.46 per diluted share in Q3 2013. Analysts surveyed by Reuters expected EPS of $0.50 and sales of $1.32 billion. Shares of the Company rallied 15.82% on October 23, 2014 to end at $71.0. TSCO also raised its 2014 sales and EPS outlook to the high end of the previously provided ranges of $5.62 billion to $5.70 billion in net sales, 2.5% to 4.0% in comparable store sales and $2.54 to $2.62 in diluted EPS. The full research reports on Tractor Supply are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/TSCO/report.pdf
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Cabela's Incorporated Research Reports
On October 23, 2014, Cabela's Incorporated (Cabela's) announced its Q3 2014 financial results that missed the market's expectations following a slower-than-expected sales rebound. Cabela's total revenue during the quarter increased 4.1% YoY to $886.0 million. During the quarter, the Company's comparable store sales decreased 11.2%. Cabela's net income in Q3 2014 was $53.8 million, or $0.75 per diluted share, compared to $49.9 million or $0.70 per diluted share in the year ago period. Adjusted for certain items, net income was $0.81 per diluted share. On average, analysts polled by Reuters expected its EPS at $0.86 on revenue of $927 million. The Company also adjusted its full-year 2014 EPS guidance. Cabela's now expect full-year 2014 EPS to be in the range of $3.10 and $3.20. It also expects Q4 2014 comparable store sales to decrease at a mid-single digit rate. Shares of the Company fell 14.89% to close at $49.31. The full research reports on Cabela's are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/CAB/report.pdf
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CarMax Inc. Research Reports
On October 22, 2014, CarMax, Inc. (CarMax) announced that its Board of Directors has approved expansion of the Company's share repurchase program by $2 billion, boosting the program's total authorization to $3.8 billion since it launched in October 2012. The expanded authorization is effective immediately and expires on December 31, 2016. As of August 31, 2014, CarMax had made $893 million of repurchases under the program. CarMax intends to use a combination of cash from operations, the Company's credit facility and other additional indebtedness to fund the expanded buyback program. The full research reports on CarMax are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/KMX/report.pdf
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O'Reilly Automotive Inc. Research Reports
On October 22, 2014, O'Reilly Automotive Inc. (O'Reilly) announced its Q3 2014 financial results. The Company's total sales in the quarter surged 8.6% YoY to $1.88 billion. Comparable store sales grew 6.2% in Q3 2014, exceeding the top end of the Company's quarterly guidance by 120 basis points. O'Reilly's net income increased to $217 million, or $2.06 per diluted share, from $186.5 million or $1.69 per diluted share in the year ago period. Analysts polled by Reuters expected O'Reilly to earn $1.95 per share on revenue of $1.85 billion. Looking ahead, O'Reilly expects EPS to be in range of $1.60 to $1.64 for Q4 2014 and of $7.19 to $7.23 for full-year 2014. The full research reports on O'Reilly are available to download free of charge at:
http://www.analystsreview.com/Oct-28-2014/ORLY/report.pdf
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