NEW YORK, April 23, 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 ARC Group WorldWide Inc (NASDAQ: ARCW), Tecnoglass Inc. (NASDAQ: TGLS), Scholastic Corp (NASDAQ:SCHL), iDreamSky Technology Ltd (NASDAQ:DSKY), and Controladora Vuela Co Avcn SA CV (NYSE: VLRS). 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):
ARCW Research Report: ( http://get.analystsreview.com/pdf/?c=ARC%20Group%20WorldWide&d=23-Apr-2015&s=ARCW ),
TGLS Research Report: ( http://get.analystsreview.com/pdf/?c=Tecnoglass&d=23-Apr-2015&s=TGLS ),
SCHL Research Report: ( http://get.analystsreview.com/pdf/?c=Scholastic&d=23-Apr-2015&s=SCHL ),
DSKY Research Report: ( http://get.analystsreview.com/pdf/?c=iDreamSky%20Technology&d=23-Apr-2015&s=DSKY ),
VLRS Research Report: ( http://get.analystsreview.com/pdf/?c=Controladora%20Vuela&d=23-Apr-2015&s=VLRS ).
Analyst Update: Public Offerings Update, and Financial Results
Reviewed by: Rohit Tuli, CFA®
U.S. stocks edged higher on Wednesday as better than expected earnings and strong existing home sales data bolstered investor sentiment. The NASDAQ advanced 0.42% to finish at 5,035.17, its third straight gain and just 13 points below its record close reached on March 10, 2000. The Dow Jones Industrial Average rose 0.49% or 88.35 points to 18,038.27, and the S&P 500 gained 0.50%, or 9.69 points to close the session at 2107.96. European stocks closed with a mixed note on Wednesday, depressed by increasing concern over Greece's bailout negotiations and disappointing earnings. Germany's DAX and Britain's FTSE 100 index slipped 0.6% and 0.5%, respectively, while France's CAC gained 0.36% on Wednesday. Meanwhile, Asian market continued their good run with The Shanghai Composite and Japan's Nikkei closing at new multi-year highs on Wednesday.
ARC Group Worldwide, Inc. announced the closing of the previously disclosed registered underwritten public offering of its common stock.
Tecnoglass Inc.'s revenues for Q4 2014 declined to $44.2 million from $53.8 million in Q4 2013. Net income for Q4 2014 was $13.3 million, or $0.49 per diluted share, compared to net income of $13.4 million, or $0.49 per diluted share, in Q4 2013.
Scholastic Corporation's revenue in the third quarter of fiscal 2015 was $382.1 million, compared to $373.5 million a year ago. Net loss for the quarter was $22.1 million, or $0.68 loss per diluted share, compared to net loss of $12.1 million, or $0.38 loss per diluted share, in Q4 2013.
iDreamSky Technology Limited reported fourth quarter of 2014 total revenues of RMB328.4 million ($52.9 million1), up 190.6% YoY, and up 11.5% QoQ. Net income during the quarter was RMB29.1 million ($4.7 million), up 76.5% YoY, and down 22.3% QoQ.
Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (Volaris) reported first quarter 2015 total operating revenues of MXN3,768 million, which reflected an increase of 35.8% year over year. Net income was MXN306 million or MXN0.30 per share, with a net margin of 8.1% for the first quarter.
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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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