NEW YORK, April 29, 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 Charter Communications Inc. (NASDAQ: CHTR), DeVry Education Group Inc. (NYSE: DV), Guaranty Bancorp (NASDAQ: GBNK), VeriSign Inc. (NASDAQ: VRSN), and Align Technology Inc. (NASDAQ: ALGN). 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):
CHTR Research Report: ( http://get.analystsreview.com/pdf/?c=Charter%20Communications&d=29-Apr-2015&s=CHTR ),
DV Research Report: ( http://get.analystsreview.com/pdf/?c=DeVry%20Education%20Group&d=29-Apr-2015&s=DV ),
GBNK Research Report: ( http://get.analystsreview.com/pdf/?c=Guaranty%20Bancorp&d=29-Apr-2015&s=GBNK ),
VRSN Research Report: ( http://get.analystsreview.com/pdf/?c=VeriSign&d=29-Apr-2015&s=VRSN ),
ALGN Research Report: ( http://get.analystsreview.com/pdf/?c=Align%20Technology&d=29-Apr-2015&s=ALGN ).
Analyst Update: Financial Results and Merger Prospects
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed mixed on Tuesday as investors remained vigil over tech earnings and the Federal Reserve's concluding statement on Wednesday. The Dow Jones Industrial Average advanced 0.40%, to close the day at 18,110.14, and the S&P 500 gained 0.28%, to 2,114.76. However, the NASDAQ Composite was down 0.10%, to finish the session at 5,055.42. European stocks tumbled on Tuesday amid concerns over Federal Reserve's meeting outcome. Germany's DAX 30 fell 1.89%, France's CAC 40 lost 1.81%, and London's FTSE 100 ended 1.03% lower on Tuesday. Meanwhile, Asian stock markets mostly closed lower on Tuesday. The Shanghai Composite Index and Australia's S&P ASX both fell on Tuesday, while Hong Kong's Hang Seng index was flat.
On April 24, 2015, the Wall Street Journal reported that Charter Communications is preparing for a potential bid for Time Warner Cable. This came after Comcast Corp. and Time Warner Cable announced that day that they had dropped plans for a $45.2 billion merger, a transaction that would have united the nation's two largest cable companies.
On April 23, 2015, DeVry said that its earnings fell 15% during Q3 FY15. Profit for the quarter stood at $47.1 million, or 72 cents a share, down from $55.5 million, or 86 cents a share, a year earlier. Revenue decreased 1.3% YoY to $489.8 million.
On April 15, 2015, Guaranty Bancorp announced its Q1 FY15 financial results. Guaranty Bancorp reported a net income of $5.1 million or $0.24 per basic and diluted common share, an increase of $1.5 million or $0.07 per basic and diluted common share as compared to Q1 FY14.
Verisign Inc. announced Q1 FY15 results on April 23, 2015 with net income of $88 million or $0.66 per diluted per share, compared to net income of $94 million or $0.64 per diluted share in the same quarter in 2014.
On April 23, 2015, Align Technology Inc. reported financial results for Q1 FY5. Revenues were $198.1 million, a 9.7% YoY increase from $180.6 million in Q1 FY14. Clear Aligner case shipments in Q1 FY15 were 130.8 thousand, a 16.6% YoY increase from 112.2 thousand in Q1 FY14.
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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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