NEW YORK, April 27, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including Zynga Inc (NASDAQ: ZNGA), QUALCOMM, Inc. (NASDAQ: QCOM), Mastercard Inc (NYSE: MA), Encana Corporation (NYSE: ECA), and Cliffs Natural Resources Inc (NYSE: CLF). 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):
ZNGA Research Report: ( http://get.analystsreview.com/pdf/?c=Zynga&d=27-Apr-2015&s=ZNGA ),
QCOM Research Report: ( http://get.analystsreview.com/pdf/?c=QUALCOMM&d=27-Apr-2015&s=QCOM ),
MAResearch Report: ( http://get.analystsreview.com/pdf/?c=Mastercard&d=27-Apr-2015&s=MA ),
ECA Research Report: ( http://get.analystsreview.com/pdf/?c=Encana&d=27-Apr-2015&s=ECA ),
CLF Research Report: ( http://get.analystsreview.com/pdf/?c=Cliffs%20Natural%20Resources&d=27-Apr-2015&s=CLF ).
Analyst Update: Financial Results, Agreements, Partnerships, and Appointments
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.
On February 12, 2015, Zynga Inc reported fourth quarter 2014 results with revenues of $192.5 million, up 9% from $176.4 million in comparable prior year quarter. However, net loss for the period widened to $45.1 million from $25.2 million net loss in fourth quarter 2013.
QUALCOMM, Inc. posted record licensing revenues and earnings for second quarter of 2015, driven by all-time high 3G/4G device shipments reported by its licensees. Total revenues were up 8% YoY to $6.9 billion. Net income for the quarter came in at $1.1 billion as compared to $2.0 billion in prior year's comparable quarter.
Mastercard Inc signed an agreement with IFC, a member of the World Bank Group, on April 17, 2015 to establish a risk-sharing facility, which is expected to provide millions of people in emerging markets access to electronic payments, marking an important move in their ongoing collaboration to increase universal financial access by 2020.
On April 1, 2015, Encana Corporation and Cutbank Ridge Partnership (CRP), a partnership between Encana and a subsidiary of Mitsubishi Corporation, reported the completion of the previously announced sale of certain natural gas gathering and compression assets supporting development in the Montney area of northeastern British Columbia to Veresen Midstream Limited Partnership - a 50/50 limited partnership of Veresen Inc. and affiliates of Kohlberg Kravis Roberts & Co. L.P.
Cliffs Natural Resources Inc announced on April 2, 2015 that its present Executive Vice President of Business Development, P. Kelly Tompkins, has been named as the Company's new Executive Vice President and Chief Financial Officer, effective April 1, 2015. Additionally, the Company's current Executive Vice President, Seaborne Iron Ore, Clifford Smith has been named Executive Vice President, Business Development.
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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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