Milestones, Preliminary Financial Results, and Joint Ventures - Research Report on Bidu, WebMD, Yandex, Zillow, and Angie's List Editor Note: For more information about this release, please scroll to bottom
NEW YORK, July 17, 2013 /PRNewswire/ --
Today, Wall Street Reports announced new research reports highlighting Baidu.com, Inc. (NASDAQ: BIDU), WebMD Health Corp. (NASDAQ: WBMD), Yandex NV (NASDAQ: YNDZ), Zillow Inc. (NASDAQ: Z), and Angie's List Inc. (NASDAQ: ANGI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Baidu.com, Inc. Research Report
On July 12, 2013, Baidu.com, Inc. (Baidu) announced that the Company will report its financial results for Q2 2013 on July 24, 2013, after the US market closes. Baidu's management will hold an earnings conference call at 8:00 p.m. US ET on the same day (8:00 a.m. on July 25, 2013 Beijing/Hong Kong time). In the Q1 2013 earnings release, Baidu had reported that it expects its Q2 2013 revenues to increase in the range of 35.1% to 38.4% YoY, spanning from (Renminbi) RMB7.4 billion ($1.2 billion) to RMB7.6 billion ($1.2 billion). The Full Research Report on Baidu.com, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/c89c_BIDU]
WebMD Health Corp. Research Report
On July 12, 2013, WebMD Health Corp. (WebMD) announced preliminary financial results for Q2 2013. The Company expects revenue to be between $124 and $125 million, reflecting an increase of 10% YoY to 11% YoY. This compares to the prior guidance provided by the Company for revenue to be in excess of $115 million in Q2 2013. In addition, WebMD said that net income is expected to be approximately $3 million or $0.05 per diluted share, compared to net loss of $5.6 million or $0.11 per diluted share in Q2 2012. The Company also increased its full-year 2013 financial guidance. The Company now expects full-year 2013 revenue to increase 3% to 7% YoY to $485 million to $505 million, compared to the Company's prior financial guidance of $450 million to $470 million. Further, the Company expects full-year 2013 net income to be in the range of $3 million to $11 million, compared to the Company's prior guidance for net loss of $13 million to $1.5 million. The Full Research Report on WebMD Health Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/c5bf_WBMD]
Yandex NV Research Report
On July 4, 2013, Yandex NV (Yandex) and Sberbank of Russia OJSC (Sberbank) announced the completion of the previously announced joint venture (JV) for electronic money solutions. Under the terms of the deal, Sberbank has acquired 75% interest (minus one ruble) in the charter capital of Yandex.Money for approximately $60 million. According to Yandex, the Yandex-Sberbank JV aims to create a general purpose payment solution for small and medium-sized businesses, as well as to make recurring payments and transactions simpler for both online and offline customers. The Companies have already made the first step in streamlining online payments, with Sberbank waiving its commission for Yandex.Money top-ups from any bank card at its ATMs and payment terminals, beginning June 2013. The Company informed that Evgenia Zavalishina, Chief Executive Officer of Yandex.Money, will head the new JV. Yandex will retain a substantial interest in the JV (25% plus one ruble) and will stop consolidating the financial results of Yandex.Money beginning Q3 2013. The Full Research Report on Yandex NV - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/bb6b_YNDX]
Zillow Inc. Research Report
On July 10, 2013, Zillow, Inc. (Zillow) announced that its Zillow Pro for Brokers program has reached a milestone with more than 100 participating real estate brokerages. According to the Company, Zillow Pro Brokers is a free, five-point program that improves listings accuracy, provides better reporting, includes a powerful contract follow-up system, and increases the visibility of listing agents for participating brokers. Greg Schwartz, Chief Revenue Officer at Zillow, said, "With more than 100 participating brokers, this is an exciting milestone for the Zillow Pro for Brokers program, and we're looking forward to the next hundred. Our broker partners recognize that it's important to widely market their clients' listings and take advantage of Zillow's free partnership program to ensure listings are displayed quickly and accurately." The Full Research Report on Zillow Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/5921_Z]
Angie's List Inc. Research Report
On July 8, 2013, Angie's List Inc. (Angie's List) announced that it has surpassed 100,000 paid households in Los Angeles at the end of June 2013. According to the Company, the Los Angeles market is its third largest membership base. The Company reported that it ended Q2 2013 with 2,162,601 million paid households. Angie's List Founder, Angie Hicks, said, "We're very pleased to cross this milestone once again." The Company also reported that it had passed the 100,000 paid households milestone in Washington DC in January 2013, and in New York City in September 2012. The Full Research Report on Angie's List Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/80c0_ANGI]
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SOURCE Wall Street Reports