Diversified Communication Services and Specialty Manufacturing Companies Report Quarterly Financial Results - Research Report on Sprint, Corning, Level 3, Neustar, and Intelsat
NEW YORK, August 13, 2013 /PRNewswire/ --
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Today, Analysts' Corner announced new research reports highlighting Sprint Nextel Corp. (NY SE: S), Corning Inc. (NYSE: GLW), Level 3 Communications Inc. (NYSE: LVLT), Neustar, Inc. (NYSE: NSR), and Intelsat S.A. (NYSE: I). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Sprint Nextel Corp. Research Report
On July 30, 2013, Sprint Nextel Corp. (Sprint) reported its financial results for Q2 2013. The Company's net operating revenue increased 0.4% YoY to $8.9 billion. The Company also reported net loss of $1.6 billion and diluted net loss of $0.53 per share, in Q2 2013, as compared to net loss of $1.4 billion and diluted net loss of $0.46 per share in Q2 2012. Commenting on the results, Dan Hesse, Sprint CEO said, "In the second quarter, we achieved record levels in Sprint platform postpaid subscribers, service revenue and postpaid ARPU, and increased our 4G LTE footprint. Sprint pioneered unlimited voice, text and data in 2008, and we recently introduced the first lifetime guarantee, solidifying our commitment to the simplicity and peace of mind that unlimited brings." The Company also commented on three completed transactions as follows: SoftBank transaction brought an attractive cash premium to Sprint Nextel stockholders, $5 billion of cash contributions and improved operating scale; Clearwire transaction is expected to fully utilize and integrate complementary 2.5GHz spectrum assets; and U.S. Cellular transaction adds spectrum that should significantly increase Sprint's network capacity and improve the customer experience in two key markets. The Full Research Report on Sprint Nextel 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/c5cc_S]
Corning Inc. Research Report
On July 31, 2013, Corning Inc. (Corning) reported its financial results for Q2 2013. Net sales increased 3.9% YoY to $2 billion. GAAP net income was $638 million or $0.43 per diluted share, compared to net income of $474 million or $0.31 per diluted share in Q2 2012. Reflecting on Q2 2013 performance, Wendell P. Weeks, Chairman, Chief Executive Officer and President stated, "In Corning's strong second quarter, we achieved our third consecutive period of year-over-year EPS improvement. For the past 18 months, we have effectively managed our cost structure, brought stability to our LCD glass business, returned to earnings growth, and advanced our new-product portfolio. We are pleased with the progress we are making and believe our strategy is working." The Full Research Report on Corning 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/b0cb_GLW]
Level 3 Communications Inc. Research Report
On July 31, 2013, Level 3 Communications Inc. (Level 3) reported its financial results for Q2 2013. Total revenue decreased 1.3 % YoY to $1.6 billion. The Company reported net loss of $24 million or $0.11 per diluted share, compared to net loss of $62 million or $0.29 per diluted share in Q2 2012. Commenting on the results, Jeff Storey, President and CEO of Level 3 said, "Level 3 saw good growth in enterprise Core Network Services revenue this quarter across all three of our regions, and it continues to be the key driver for our business. Demand remains healthy, and we had solid growth in Core Network Services sales this quarter." The Full Research Report on Level 3 Communications 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/fa4c_LVLT]
Neustar, Inc. Research Report
On July 30, 2013, Neustar, Inc. (Neustar) reported its financial results for Q2 2013. The Company's revenue increased 6.7% YoY to $220.4 million. Net income of $43.4 million or $0.65 per diluted share, was higher as compared with net income of $38.6 million or $0.57 per diluted share in Q2 2012. Reflecting on the quarterly results, Paul Lalljie, Neustar's Chief Financial Officer said, "Our second quarter results were strengthened by the acceleration of a portion of the transaction-based revenue originally anticipated in the second half of the year. In addition, our continued focus on making discreet investments while maintaining tight control of operating expense allows us to raise our adjusted net income and net income per share guidance for the year." The Full Research Report on Neustar, 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/ca28_NSR]
Intelsat S.A. Research Report
On August 1, 2013, Intelsat S.A. (Intelsat) reported its financial results for Q2 2013. The Company reported a revenue growth of 2.4% YoY to $653.8 million. Net loss attributable to Intelsat S.A. was $408.3 million or $4.19 per diluted share, compared to $84.7 million or $1.02 per diluted share in Q2 2012. Commenting on the results, Intelsat CEO, Dave McGlade stated, "With the completion of our April IPO and successful debt refinancing initiatives in the first half of 2013, we're driving a positive cycle of delivering our balance sheet. Lower interest costs and reduced capital expenditures will enable increased cash flow, which in turn should allow us to further reduce debt. I'm confident Intelsat is well-positioned to create value for all of its stakeholders." The Full Research Report on Intelsat S.A. - 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/9d54_I]
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