Services Sector Announced Acquisitions, Conference Call Schedules, Study Results, and Financial Results - Research Report on LionsGate, Cinemark, Qunar, Millennial Media, and Meredith
NEW YORK, November 15, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Lions Gate Entertainment Corp. (NYSE: LGF), Cinemark Holdings Inc. (NYSE: CNK), Qunar Cayman Islands Limited (NASDAQ: QUNR), Millennial Media Inc. (NYSE: MM), and Meredith Corp. (NYSE: MDP). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Lions Gate Entertainment Corp. Research Report
On November 8, 2013, Lions Gate Entertainment Corp. (LionsGate) reported its financial results for Q2 FY 2014 (period ended September 30, 2013). Revenue decreased 29.5% YoY to $498.7 million during the quarter. Net income was $505,000 in Q2 FY 2014, compared to net income of $75.5 million in Q2 FY 2013. Commenting on the results, LionsGate's CEO, Jon Feltheimer said, "We completed a strong first six months of the year with a solid second quarter in which we generated robust free cash flow, continued to deliver our balance sheet and lowered our interest expense. We're on track for another very good year and, with the worldwide launch of the next installment of our Hunger Games franchise on November 22, the ongoing diversification of our television business and a strong and growing presence on digital platforms, we are positioned to deliver growth for many years to come." The Full Research Report on Lions Gate Entertainment Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/d4f4_LGF
Cinemark Holdings Inc. Research Report
On November 7, 2013, Cinemark Holdings Inc. (Cinemark) reported its financial results for Q3 2013. Revenue increased 19.6 % YoY to $757.6 million during the quarter. Net income attributable to Cinemark was $80.0 million or $0.69 per diluted share in Q3 2013, compared to net income of $47.4 million or $0.41 per diluted share in Q3 2012. Commenting on the results, Cinemark's CEO Tim Warner said, "The North American industry celebrated a robust box office in the third quarter with an increase of 6.4%, fueled by a record summer box office. Cinemark achieved record-setting results with a 19.2% increase in admissions revenues over the prior year, as well as all-time highs for attendance, Adjusted EBITDA and Adjusted EBITDA margin. Due to the strength and diversity of our global footprint, our worldwide operations have now outperformed the North American industry in 17 of the past 18 consecutive quarters on a currency adjusted basis." The Full Research Report on Cinemark Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/b2c2_CNK
Qunar Cayman Islands Limited Research Report
On November 8, 2013, Qunar Cayman Islands Limited (Qunar) announced that it will report its financial results for the Q3 2013 after the US market closes on Tuesday, November 19, 2013. The Company informed that its management will also hold an earnings conference call on the same day at 8:00 p.m. ET (9:00 a.m. on November 20, 2013, Beijing/Hong Kong Time). The Full Research Report on Qunar Cayman Islands Limited - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/ffb5_QUNR
Millennial Media Inc. Research Report
On November 6, 2013, Millennial Media Inc. (Millennial Media) announced that it has completed its acquisition of Jumptap. The Company informed that on the completion of the acquisition, Millennial Media will integrate Jumptap's assets into the Company's existing technology platform, including cross-screen targeting, comprehensive third-party data assets, and advanced real-time bidding technology. According to the Company, Jumptap's strengths in third-party data, cross-screen reach and programmatic buying will also complement Millennial Media's strengths in brand advertising, supply side scale and international business. "With the acquisition of Jumptap, we are excited to extend our industry-leading mobile ad platform to better serve the needs of our brand and performance advertisers and intensify our innovation on their behalf," said Paul Palmieri, Chairman and CEO of Millennial Media.
The Company stated that the acquisition will also strengthen Millennial Media's executive team and brings an influx of sales, engineering, and technology talent. The Full Research Report on Millennial Media Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/1a58_MM
Meredith Corp. Research Report
On November 8, 2013, Meredith Corp. (Meredith) reported results of a marketing study conducted by its division, Meredith Agrimedia, highlighting that more than 75% of crop farmers and 87% of livestock ranchers make marketing decisions independently. According to the results of the study, these farmers/ranchers rate cash sale, forward cash contracts, and futures contracts as the top three marketing tools they use. According to the Company, in response to market need, Meredith Agrimedia has created The Successful Farming Marketing Academy for farmers and ranchers to improve their marketing skills. "We created a course that will serve as a tool for farmers and ranchers," said Mike McGinnis, Markets Editor for Successful Farming. "Those that are making independent marketing decisions need a resource to help them maximize marketing potential." The Full Research Report on Meredith Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/87c1_MDP
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