Recognitions, Stock Price Update, Earnings Results Schedules, and Stake Sale Agreements - Analyst Notes on McKesson, GameStop, ADT, Barnes & Noble, and Michael Kors
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NEW YORK, April 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding McKesson Corporation (NYSE: MCK), GameStop Corp. (NYSE: GME), The ADT Corporation (NYSE: ADT), Barnes & Noble, Inc. (NYSE: BKS), and Michael Kors Holdings Ltd. (NYSE: KORS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
McKesson Corporation Analyst Notes
On April 3, 2014, McKesson Corporation (McKesson) announced that it has been ranked eighth on the latest InformationWeek Elite 100 - a list of the top business technology innovators in the U.S. The Company informed that it has been recognized for its development of McKesson OneCloud, an internally developed private and public cloud capability used in the development of internal and customer-facing solutions. Commenting on the honor bestowed, Randy Spratt, Chief Information Officer and Chief Technology Officer, McKesson, commented, "McKesson is honored to be recognized as one of today's top technology innovators. As a leader in healthcare, McKesson is committed to evolving our business through the innovative use of technology to shape the future of healthcare and to help our customers and their patients achieve better health." The full analyst notes on McKesson Corporation are available to download free of charge at:
http://www.AnalystsReview.com/04082014/MCK/report.pdf
GameStop Corp. Analyst Notes
On April 3, 2014, GameStop Corp.'s (GameStop) stock edged 2.35% higher, closing the day at $44.39. During the session, the Company's shares opened at $43.51 and oscillated in the range of $43.40 - $44.46. A total of 5.37 million shares changed hands during the day, higher than its 30-day average trading volume of 3.81 million shares. The shares of GameStop fell 4.04% on March 27, 2014 after the Company released its full-year 2014 earnings forecasts below market expectations. However, over the previous five-day trading session, the stock has gained 18.91%, significantly outperforming the broader market index NYSE Composite which increased 2.17% during the same period. The full analyst notes on GameStop Corp. are available to download free of charge at:
http://www.AnalystsReview.com/04082014/GME/report.pdf
The ADT Corporation Analyst Notes
On March 27, 2014, The ADT Corporation announced that it will release its financial results for Q2 FY 2014 before trading begins on Wednesday, April 30, 2014. The Company informed that it will host a conference call the same day at 8:30 a.m. ET to discuss the results. According to Zacks Investment Research data, the consensus EPS estimate for Q2 FY 2014 is $0.44. The full analyst notes on The ADT Corporation are available to download free of charge at:
http://www.AnalystsReview.com/04082014/ADT/report.pdf
Barnes & Noble, Inc. Analyst Notes
On April 3, 2014, Barnes & Noble, Inc. (Barnes & Noble) announced that Liberty Media Corporation (Liberty) has entered into agreements to lower its stake in the Company. According to the Company, Liberty has sold the majority of its shares to qualified institutional buyers, and will retain approximately 10% of its initial investment. Barnes & Noble stated that Liberty intends to settle the sale on Tuesday, April 8, 2014, following which it will no longer have the right to elect two preferred stock directors to Barnes & Noble's Board. Further, Liberty's consent rights and pre-emptive rights will cease to apply. The Company stated that as Liberty lost its right to elect two preferred stock directors, Greg Maffei will cease to serve on the board as of the closing on April 8, 2014. Mark Carleton has been re-elected to the Barnes & Noble Board effective upon the closing on April 8, 2014. The full analyst notes on Barnes & Noble, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/04082014/BKS/report.pdf
Michael Kors Holdings Ltd. Analyst Notes
On April 3, 2014, the shares in Michael Kors Holdings Ltd. (Michael Kors) declined 2.51%, ending the day at $92.64. During the session, the Company's shares opened at $95.30 and vacillated in the range of $92.07 - $95.59. Michael Kors traded 2.01 million shares during the session. Over the past 12 months, the shares of the Company increased 69.48%, beating the NYSE Composite which increased 17.40% during the same period. Michael Kors last reported its Q3 FY 2014 financial results on February 4, 2014 and surprised the street with better-than-expected revenue growth of 59.0% at $1.0 billion. Net income was $229.6 million, or $1.11 per diluted share, compared to $130.0 million, or $0.64 per diluted share, in Q3 FY 2013. For Q4 FY 2014, the Company expects total revenue to be in the range of $790 million to $800 million; and diluted EPS in the range of $0.63 to $0.65. The full analyst notes on Michael Kors Holdings Ltd. are available to download free of charge at:
http://www.AnalystsReview.com/04082014/KORS/report.pdf
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