Tech Companies Report Quarterly Results, Announce Acquisitions, and Receive Recognitions - Research Report on Groupon, AOL, Ametek, Flextronics, and TW Telecom
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NEW YORK, August 12, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Groupon, Inc. (NASDAQ: GRPN), AOL, Inc. (NYSE: AOL), Ametek Inc. (NYSE: AME), Flextronics International Ltd. (NASDAQ: FLEX), and TW Telecom Inc. (NASDAQ: TWTC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Groupon, Inc. Research Report
On August 7, 2013, Groupon, Inc. (Groupon) reported its Q2 2013 financial results with revenue up 7.1% YoY to $608.7 million. Income from operations was down 41% YoY to $27.4 million, and net loss stood at $7.6 million or $0.01 per diluted share compared to net income of $28.4 million or $0.04 per diluted share in Q2 2012. Groupon also announced that its Board of Directors has appointed Eric Lefkofsky as CEO, and Ted Leonsis as Chairman of the Board. Lefkofsky said, "With two quarters on the job, I'm pleased with the progress we've made in such a short time. We continue to gain traction in mobile, with nearly 50% of our North American transactions coming from mobile in June. To date, more than 50 million people have downloaded Groupon apps worldwide." For Q3 2013, Groupon expects revenue within $585 million to $635 million, whereas for full-year 2013 the Company expects its operating income to be over $100 million. The Full Research Report on Groupon, 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/40fe_GRPN]
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AOL, Inc. Research Report
On August 7, 2013, AOL, Inc. (AOL) released financial results for Q2 2013 with total revenues up 1.9% YoY to $541.3 million. Net income attributable to AOL, Inc. was $28.5 million or $0.35 per diluted share compared to $970.8 million or $10.17 per diluted share in Q2 2012. AOL stated that the Company's free cash flow was down 58.1% YoY to $57.3 million. AOL informed that its Q2 2012 net results include positive impact of its patent transaction with Microsoft. Tim Armstrong, AOL Chairman and CEO said, "AOL takes a major step forward today with another quarter of growth and our agreement to acquire the Adap.tv video marketplace platform that will make AOL a clear global leader in the most important growth segment in our industry - online video. AOL continued to get leaner during Q2 while growing consumer traffic, growing all advertising revenue lines, and improving our subscription trends." The Full Research Report on AOL, 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/7c21_AOL]
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Ametek Inc. Research Report
On August 7, 2013, Ametek Inc. (Ametek) announced that it has acquired Controls Southeast, Inc. (CSI) from Industrial Growth Partners for approximately $160 million. According to Ametek, CSI is a leading manufacturer of custom-engineered thermal solutions that has annual sales of approximately $50 million. According to Frank S. Hermance, Ametek Chairman and CEO, "CSI is a great addition to AMETEK. Its products are highly differentiated and complementary to our Process & Analytical Instruments Division. CSI is an excellent fit with our Process Instruments and O'Brien businesses. CSI's products and systems create additional opportunities for AMETEK to broaden the range of solutions we offer industries such as oil and gas processing and sulfur recovery, where we already have strong, well-established positions. We expect to leverage the customer relationships of our combined businesses and tap our global capabilities to extend CSI's reach into key process markets worldwide." The Full Research Report on Ametek 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/7504_AME]
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Flextronics International Ltd Research Report
On August 1, 2013, Flextronics International Ltd. (Flextronics) announced that its Sarvar, Hungary location was recently honored with the prestigious Perfect Quality Award given by Lenovo. According to the Company, the Perfect Quality Award from Lenovo was the outcome of Flextronics' near perfect quality and service record for Lenovo products shipped over the past 12 months. Mike Dennison, President, High Velocity Solutions at Flextronics stated, "Being honored with the Perfect Quality Award from Lenovo exemplifies Flextronics' passion to providing world-class supply chain solutions. I am very proud of the team in Hungary and their relentless drive to deliver top-notch, supply chain solutions that consistently exceeded customer expectations." The Full Research Report on Flextronics International Ltd. - 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/bf0a_FLEX]
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TW Telecom Inc. Research Report
On August 7, 2013, TW Telecom Inc. (TW Telecom) reported its Q2 2013 financial results with total revenue up 6.9% YoY to $389.5 million. Net income was $17.3 million or $0.11 per diluted share, compared to $19.3 million or $0.09 per diluted share in Q2 2012. Larissa Herda, the Company's Chairman, CEO, and President said, "We substantially increased our sales talent, launched new products and features and offered more innovative choices for enterprises that will further differentiate tw telecom in the marketplace. We have a comprehensive, balanced approach to win market share with numerous initiatives to increase our sales momentum and the trajectory of our revenue growth." The Full Research Report on TW Telecom 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/6b7b_TWTC]
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SOURCE Analysts' Corner
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