NEW YORK, January 8, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including eLong (NASDAQ: LONG), Empire (NASDAQ: NYNY), ENGlobal (NASDAQ: ENG), Expedia (NASDAQ: EXPE), and Exponent (NASDAQ: EXPO). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
LONG Research Report: ( http://get.analystsreview.com/pdf/?c=eLong&d=08-Jan-2015&s=LONG ),
NYNYResearch Report: ( http://get.analystsreview.com/pdf/?c=Empire&d=08-Jan-2015&s=NYNY ),
ENGResearch Report: ( http://get.analystsreview.com/pdf/?c=ENGlobal&d=08-Jan-2015&s=ENG ),
EXPE Research Report: ( http://get.analystsreview.com/pdf/?c=Expedia&d=08-Jan-2015&s=EXPE ),
EXPO Research Report: ( http://get.analystsreview.com/pdf/?c=Exponent&d=08-Jan-2015&s=EXPO ).
Analyst Update: Financial Results, New Licenses, Partnership Agreements, and Company Updates
Reviewed by: Rohit Tuli, CFA®
The Wall Street finally witnessed a rebound on Wednesday, January 7, as slight recovery in the oil prices coupled with latest data on the U.S. economy boosted sentiments in equities. The latest FOMC meeting minutes, which signaled that the U.S. central bank may refrain from raising interest rates until at least end of April, also helped U.S. stocks rally the most in three weeks on Wednesday. Snapping the five-day long losing streak, the S&P 500 index marked its first gain in 2015 and ended the session higher by 1.16% at 2,025.90. Similarly, the Dow Jones Industrial Average rose 1.23% to finish at 17,584.52, and the NASDAQ Composite ended higher by 1.26% at 4,650.47. A recent report on the health of the U.S. economy said that companies in the U.S. added 241,000 workers in December, the highest since June. European markets also had a sigh of relief on Wednesday after a drop in euro area consumer prices in December lifted hopes that ECB will launch further stimulus soon. Most Asian markets also ended higher on Wednesday tracking strong global cues.
eLong, Inc. (eLong) posted Q3 2014 total revenues of RMB 323.5 million, up 2.4% YoY. Hotel commission revenues of RMB 269.8 million in Q3 2014 were up by 6% YoY driven by higher volume, partially offset by lower commission per room night. Gross margin in Q4 2014 declined and reached 70% as compared to 75% in Q3 2013 mainly because of a decrease in hotel commission revenue per room night.
Empire Resorts, Inc.'s (Empire), wholly owned subsidiary - Montreign Operating Company, LLC, was selected in a unanimous vote by the New York State Gaming Facility Location Board ("Board") as the only Catskill/Hudson Valley Region One casino applicant eligible to apply to the New York State Gaming Commission for a Gaming Facility License.
ENGlobal Corporation (ENGlobal) posted Q3 FY 2014 (period ended September 27, 2014) consolidated revenue of $26.9 million, up by 17.0% YoY and 9M FY 2014 revenue of $81.0 million, up 26.8% YoY. Net income from continuing operations reached $1.8 million as compared to a net loss of $0.1 million in Q3 FY 2013 and $5.2 million for 9M FY 2014, recovering from a net loss of $2.6 million in 9M FY 2013.
Expedia, Inc. (Expedia) and Best Western International, Inc. have entered into a global partnership agreement to distribute Best Western branded hotels on Expedia, Inc. sites. The agreement includes participation in the Expedia Traveler Preference program, which provides Expedia shoppers with an option to pay at the time of the booking, or pay the hotel at the time of stay.
Exponent, Inc. (Exponent) announced that Dr. Adam Dershowitz, Managing Engineer in the NY office, recently provided technical support for a safety study commissioned by counsel for UAS Americas Fund, who submitted a formal Petition for Rulemaking to the Federal Aviation Administration proposing a new "micro" unmanned aircraft rule.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
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