NEW YORK, April 17, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including Merck & Co. Inc. (NYSE: MRK), General Electric Company (NYSE: GE), Halliburton Company. (NYSE: HAL), Sirius XM Holdings Inc. (NASDAQ: SIRI), and Rite Aid Corporation (NYSE: RAD). 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.
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Today's update concerns the following companies:
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MRK Research Report: ( http://get.analystsreview.com/pdf/?c=Merck%20%26%20Co.&d=17-Apr-2015&s=MRK ),
GE Research Report: ( http://get.analystsreview.com/pdf/?c=General%20Electric&d=17-Apr-2015&s=GE ),
HAL Research Report: ( http://get.analystsreview.com/pdf/?c=Halliburton%20Company&d=17-Apr-2015&s=HAL ),
SIRI Research Report: ( http://get.analystsreview.com/pdf/?c=Sirius%20XM&d=17-Apr-2015&s=SIRI ),
RAD Research Report: ( http://get.analystsreview.com/pdf/?c=Rite%20Aid&d=17-Apr-2015&s=RAD ).
Analyst Update: Downgrades, Restructuring, Estimates & Earnings
Reviewed by: Rohit Tuli, CFA®
US stocks ended marginally lower on Thursday, as worries about upcoming corporate earnings reports offset enthusiasm about a trio of soaring Wall Street debuts. The Dow Jones industrial average fell 6.84 points, or 0.04%, to end at 18,105.77; the S&P 500 lost 1.64 points, or 0.08%, to 2,104.99; and the Nasdaq Composite dropped 3.23 points, or 0.06%, to 5,007.79. European markets finished broadly lower on Thursday with growing concerns about Greece's debt situation prompting investors to take some profits after the previous session's 14-year highs. The DAX closed 1.94% lower, France's CAC 40 declined by 0.57% and London's FTSE 100 declined by 0.51%. The pan-European FTSEurofirst 300 index closed 0.9% lower at 1,635.76 points. Chinese shares rebounded on stimulus hopes a day after gloomy first-quarter economic numbers with the Shanghai composite index rising 2.1% to 4,168.85, while other Asian benchmarks were mixed.
According to an article released by Reuters on Monday, April 13, 2015, Fitch Ratings has downgraded Merck & Co.'s (Merck) long-term Issuer Default Rating (IDR) by one notch to 'A' from 'A-' and revised its Outlook from Negative to Stable.
General Electric Company (GE) shares gained a spectacular 10.8% on Friday, April 10, 2015, representing the biggest one-day gain in six year on the back of announcing its plan to dispose most of its financial arm, GE Capital, by 2018.
Halliburton Company (Halliburton), an oilfield services company, gained 1.67% to close at $46.20 on April 14, 2015. Oil prices inched higher that day on expectation of falling U.S. oil production, TheStreet reported. A day prior, April 13, 2015, the U.S. Energy Information Administration announced that it expects U.S. shale production to fall by 45,000 barrels per day to 4.98 million barrels per day in May.
As per Yahoo finance, Sirius XM Holdings Inc. (Sirius) is expected to report $0.03 earnings per share for the current quarter. The results are expected to be released at 8:00 am ET on Tuesday, April 28, 2015. Sirius reported earnings of $0.03 per share and $0.02 per share in the two most recently concluded quarters.
Rite Aid Corporation (Rite Aid) announced its Q4 and FY 2015 results on April 8, 2015. The Company reported revenues of $6.8 billion and net income of $1.84 billion, or $1.79 per diluted share, compared to the prior year's fourth quarter net income of $55.4 million and net Income per diluted share of $0.06. For the full year, the Company reported revenues of $26.5 billion and net income of $2.11 billion, or $2.08 per diluted share.
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