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Quarterly Financial Results, Exercise of Underwriters Option, and Assets Sale - Research Report on AOL, 58.com, NII Holdings, ARC, and TELUS

Editor Note: For more information about this release, please scroll to bottom.Editor Note: For more information about this release, please scroll to bottom


News provided by

Analysts' Corner

Nov 18, 2013, 08:00 ET

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NEW YORK, November 18, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting AOL Inc. (NYSE: AOL), 58.com Inc. (NYSE: WUBA), NII Holdings Inc. (NASDAQ: NIHD), ARC Group Worldwide, Inc. (NASDAQ: ARCW), and TELUS Corporation (NYSE: TU). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

AOL Inc. Research Report

On November 5, 2013, AOL Inc. (AOL) released its Q3 2013 results. AOL registered total revenues of $561.3 million in Q3 2013, up 5.6% YoY. Net income attributable to the Company was $2.0 million in Q3 2013, compared to that of $20.8 million in Q3 2012. AOL reported diluted EPS of $0.02 in Q3 2013, compared to diluted EPS of $0.22 in Q3 2012. Commenting on the results, Tim Armstrong, AOL Chairman and CEO, said, "AOL's Q3 results are another step forward in our long-term plan." Armstrong added, "The Q3 results highlight the strength of AOL's strategy and the consistent execution of our team in delivering great consumer experiences and successful customer results." The Full Research Report on AOL Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.AnalystsCorner.com/r/full_research_report/7c21_AOL

--

58. com Inc. Research Report

On November 12, 2013, 58.com Inc. (58.com) announced that the underwriters of its initial public offering exercised their option in full to purchase up to c.1.7 million additional ADS at the initial public offering price of $17.00 per ADS. 58.com reported that including the exercise of the over-allotment, the Company offered a total of c.12.7 million ADSs, which represent a total capital raise of c.$215.1 million. The Full Research Report on 58.com Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.AnalystsCorner.com/r/full_research_report/9999_WUBA

--

NII Holdings Inc. Research Report

On November 11, 2013, NII Holdings Inc. (NII Holdings) announced the completion of its previously announced transaction to sell certain communications sites to American Tower Corporation. According to NII Holdings, as part of the transaction, the Company sold 1,483 communications sites in Mexico to American Tower for total proceeds of MXN4.95 billion (c.$374.3 million). Further, NII Holdings reported that Nextel Mexico has agreed to lease back the communications sites from American Tower for a minimum 12-year initial lease term and has the option to extend the lease for additional renewal periods. The Company also stated that it is on track to close the sale of communications sites in Brazil by the end of 2013 for those sites that have satisfied the necessary closing conditions. The Full Research Report on NII Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.AnalystsCorner.com/r/full_research_report/8890_NIHD

--

ARC Group Worldwide, Inc. Research Report

On November 13, 2013, ARC Group Worldwide, Inc. (ARC) released its Q1 FY 2014 results (period ended September 29, 2013). ARC registered net revenues of $18.4 million in Q1 FY 2014, up 38.1% YoY. The Company posted non-GAAP adjusted earnings of $2 million in Q1 FY 2014, up 67.5% YoY. ARC reported non-GAAP adjusted EBITDA of $3.4 million in Q1 FY 2014, up 80.8% YoY, and non-GAAP adjusted EPS of $0.34 in Q1 FY 2014, up 47.8% YoY. Mr. Jason Young, Chairman and CEO of ARC, said, "I am pleased to report outstanding quarterly results that reflect continued growth in revenue, cash flow, and earnings per share. As the leader in Metal Injection Molding and other niche manufacturing businesses, we continue to focus on building our market position in these areas, both organically and through acquisitions." The Full Research Report on ARC Group Worldwide, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.AnalystsCorner.com/r/full_research_report/561a_ARCW

--

TELUS Corporation Research Report

On November 8, 2013, TELUS Corporation (TELUS) released its Q3 2013 results. TELUS registered operating revenues of CAD2.9 billion in Q3 2013, up 3.6% YoY. The Company posted adjusted net income of CAD365 million, up 13.0% YoY in Q3 2013. TELUS reported adjusted EPS of CAD0.58 in Q3 2013, up 18.4% YoY. Darren Entwistle, President and CEO of TELUS, said, "TELUS once again delivered strong results, underpinned by our strategic investments in advanced broadband technology and services, coupled with our unwavering focus on putting customers first and realising operational efficiencies. Our customers first culture continues to attract new clients as evidenced by our third quarter addition of 106,000 new postpaid wireless customers, 34,000 new TV clients, and 19,000 new high-speed Internet connections. In addition to these strong growth numbers we are also reporting an industry-leading monthly postpaid wireless subscriber churn rate of only 0.99 per cent - our lowest since the first quarter of 2007." The Full Research Report on TELUS Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:

http://www.AnalystsCorner.com/r/full_research_report/dc36_TU

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider represented by Ananya Ghosh, CFA, has only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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