Recent Developments at Consumer Services and Technology Companies: Complementary Research on LookSmart, Dunkin Brands, Tribune Media, China Auto Logistics, and The Cheesecake Factory
NEW YORK, April 28, 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 LookSmart Ltd. (NASDAQ: LOOK), Dunkin Brands Group Inc (NASDAQ: DNKN), Tribune Media Company (NYSE: TRCO), China Auto Logistics Inc. (NASDAQ: CALI), and The Cheesecake Factory Incorporated (NASDAQ: CAKE). 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):
LOOK Research Report: ( http://get.analystsreview.com/pdf/?c=LookSmart%20Ltd.&d=28-Apr-2015&s=LOOK ),
DNKN Research Report: ( http://get.analystsreview.com/pdf/?c=Dunkin%20Brands%20Group&d=28-Apr-2015&s=DNKN ),
TRCO Research Report: ( http://get.analystsreview.com/pdf/?c=Tribune%20Media&d=28-Apr-2015&s=TRCO ),
CALI Research Report: ( http://get.analystsreview.com/pdf/?c=China%20Auto%20Logistics&d=28-Apr-2015&s=CALI ),
CAKE Research Report: ( http://get.analystsreview.com/pdf/?c=The%20Cheesecake%20Factory&d=28-Apr-2015&s=CAKE ).
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Analyst Update: Merger, Stock Offerings, and Earnings.
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed lower on Monday as investors turned cautious ahead of the Fed meeting, which begins today. The NASDAQ Composite was down 0.63% to finish at 5,060.25, the S&P 500 slipped 0.41% to 2108.92, and the Dow Jones Industrial Average lost 0.23% to end the session at 18,037.97. European stocks gained on Monday as Greece considered reshuffling its debt negotiators. Germany's DAX 30 jumped 1.93%; France's CAC 40 rose 1.30%, and London's FTSE 100 advanced 0.47% on Monday. Meanwhile, Asian stock markets mostly gained on Monday amid surge in mining stocks in Australia and emanating news on possible reforms in China. The Shanghai Composite Index, Australia's S&P ASX and Hong Kong's Hang Seng index all closed higher on Monday.
LookSmart, Ltd. (LookSmart) announced on April 23, 2015, a definitive merger agreement with privately-held Pyxis Tankers Inc. Pyxis will become a publicly listed company as a result of the merger between the Company and Pyxis' wholly-owned subsidiary, Maritime Technologies Corp. LookSmart informed that it will spin off its existing business into a new entity called LookSmart Group, Inc.
Dunkin Brands Group, Inc. (Dunkin) reported its first quarter results on April 23, 2015, with revenues of $185.9 million which grew from previous years' $171.9 million by 8.1%. The Street had expected the Company to report revenues of $180.78 million for the quarter. The Company also surprised the analysts by reporting earnings of $0.40 on a per share basis as against $0.36 consensus estimates.
On April 22, 2015, Tribune Media Company (Tribune) announced the pricing of the secondary offering of 9.24 million shares of Class A common stock by stockholders affiliated with Oaktree Capital Management, L.P., Angelo, Gordon & Co., L.P. and JPMorgan Chase Bank, N.A. at a public offering price of $56 per share.
On April 15, 2015, China Auto Logistics Inc. (China Auto) reported its full year results. The Company reported a loss attributable to shareholders of $26.86 million including an impairment charge of $3 million relating to the Airport International Auto Mall acquired by the Company in November 2013, and a goodwill impairment charge of $16.04 million relating to the acquisition.
The Cheesecake Factory Inc (Cheesecake Factory) posted mixed first-quarter 2015 results wherein the earnings beat the Consensus Estimate, but revenue missed estimates. The Company's adjusted earnings of $0.56 per share beat Zacks Consensus of $0.48 by 14.2%, and was higher than the Company's guidance of $0.47 to $0.50.
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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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