NEW YORK, April 27, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including General Electric Co. (NYSE: GE), D.R. Horton, Inc. (NYSE: DHI), Cemex SAB de CV (NYSE: CX), Rite Aid Corp. (NYSE: RAD) and CSX Corp. (NYSE: CSX). 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:
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GE Research Report: ( http://get.analystsreview.com/pdf/?c=General%20Electric&d=27-Apr-2015&s=GE ),
DHI Research Report: ( http://get.analystsreview.com/pdf/?c=D.R.%20Horton&d=27-Apr-2015&s=DHI ),
CX Research Report: ( http://get.analystsreview.com/pdf/?c=Cemex&d=27-Apr-2015&s=CX ),
RAD Research Report: ( http://get.analystsreview.com/pdf/?c=Rite%20Aid&d=27-Apr-2015&s=RAD ),
CSX Research Report: ( http://get.analystsreview.com/pdf/?c=CSX%20Corp&d=27-Apr-2015&s=CSX ).
Analyst Update: Credit Facility, Financial Results, Upcoming Earnings, and Recognition
Reviewed by: Rohit Tuli, CFA®
U.S. stocks advanced higher on Friday, April 24, 2015, led by strong first quarter results of major technology heavyweights. The NASDAQ Composite advanced 0.71%, to close at 5,092.09; the Dow Jones Industrial Average rose 0.12%, to finish the day at 18,080.14, and the S&P 500 finished at 2,117.69, up 0.23%. European stocks recovered on Friday, following a disappointing run on previous trading session. Germany's DAX 30 rose 0.74%; France's CAC 40 advanced 0.44%, and London's FTSE 100 gained 0.24% on Friday. Meanwhile, major Asian stock markets fell on Friday as China's securities regulator announced to accelerate approval of initial public offerings in a seeming effort to cool the red hot market. The Shanghai Composite and Japan's Nikkei both closed lower on Friday.
A wholly owned subsidiary of General Electric Company, GE Capital's Healthcare Financial Services (HFS) business announced that it has provided a $320 million senior secured credit facility to Diplomat Pharmacy, Inc., an independent specialty pharmacy that focuses on medication management programs for people with complex chronic diseases.
D.R. Horton, Inc.'s net income for its second quarter of fiscal 2015 increased to $147.9 million, or $0.40per diluted share, from $131.0 million, or $0.38 per diluted share in the same quarter of fiscal 2014. Total revenue for the quarter increased to $2.3 billion from $1.7 billion in the same quarter prior year.
Cemex S.A.B. de C.V. announced that its consolidated net sales during first quarter of 2015 reached $3.4 billion, which reflected an increase of 7% on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, versus the comparable period in 2014. Operating EBITDA during the quarter increased by 6% to $569 million on year-on-year basis.
As per the Event Calendar of Rite Aid Corp, the Company is scheduled to release its April 2015 sales report on Thursday, April 30, 2015. Prior to this on April 2, 2015, the Company announced its sales report for the four weeks ended March 28, 2015, wherein it reported same store sales increase of 4.3% over the prior-year period.
CSX Corporation announced that it has been recognized by Corporate Responsibility (CR) Magazine as one of 100 Best Corporate Citizens for 2015, in which it earned a ranking of 50, making its third appearance on the list.
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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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