NEW YORK, January 21, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Huttig (NASDAQ: HBP), IAC (NASDAQ: IACI), Iao Kun Group (NASDAQ: IKGH), ICF (NASDAQ: ICFI), and Ignite Restaurant (NASDAQ: IRG). 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.
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Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
HBP Research Report: ( http://get.analystsreview.com/pdf/?c=Huttig&d=21-Jan-2015&s=HBP ),
IACI Research Report: ( http://get.analystsreview.com/pdf/?c=IAC&d=21-Jan-2015&s=IACI ),
IKGH Research Report: ( http://get.analystsreview.com/pdf/?c=Iao%20Kun%20Group&d=21-Jan-2015&s=IKGH ),
ICFI Research Report: ( http://get.analystsreview.com/pdf/?c=ICF&d=21-Jan-2015&s=ICFI ),
IRG Research Report: ( http://get.analystsreview.com/pdf/?c=Ignite%20Restaurant&d=21-Jan-2015&s=IRG ).
Analyst Update: Financial Results, Operating Performance, and Awards & Accolades
Reviewed by: Rohit Tuli, CFA®
U.S. stock markets started the week with moderate gains, after being closed on Monday in observance of the Martin Luther King Jr. holiday. The NASDAQ Composite ended at 4,654.85, up 0.44%, the Dow Jones Industrial Average advanced 0.02% to finish the day at 17,515.23, and the S&P 500 closed at 2,022.55, up 0.15%. The gains were broad based as seven out of ten sectors ended the session in positive. Asian stocks rose for a second day, driven by consumer discretionary stocks, as Chinese equities rebounded and investors patiently await the outcome of Central Bank policy meetings in Japan as well in Europe. Equities also got a lift from better-than-expected economic data from China, which recorded a GDP growth of 7.4% in 2014, the slowest rate of growth since 1990, but beating market expectations of 7.2%. Meanwhile, European equities rose for a fourth day and traded near seven-year highs ahead of an expected sovereign-bond-buying program by the European Central Bank when it convenes a meeting this Thursday.
Huttig Building Products, Inc. (Huttig) announced Q3 2014 sales of $174.5 million, up 13.8% YoY, while adjusted EBITDA was $5.3 million, compared to $4.8 million in the year ago period. Income from continuing operations improved for the fourteenth consecutive quarter, excluding special significant items.
IAC/InterActiveCorp (IAC) reported better-than-expected Q3 2014 financial results. Consolidated revenue increased 3.3% YoY to $782.2 million during the quarter driven by solid growth at The Match Group and strong growth at Vimeo and HomeAdvisor, partially offset by a modest decline at Search & Applications.
Iao Kun Group Holding Company Limited (Iao Kun Group) reported rolling chip turnover of $0.71 billion for December 2014, down 48% YoY, at the Company's VIP rooms in Macau. For 2014, Iao Kun Group's rolling chip turnover was $16.60 billion (an average of $1.38 billion per month), down 3% from $17.04 billion (an average of $1.42 billion per month) for 2013.
ICF International, Inc. (ICF) announced that its Brussels-based subsidiary ICF Mostra was recently honored with one Gold Dolphin and four Silver Dolphin awards at the fifth Cannes Corporate Media & TV Awards Gala in Cannes, France, for its work with several European clients.
Ignite Restaurant Group (Ignite Restaurant) reported Q3 FY 2014 revenues of $215.2 million, a decline of 5.4% YoY. Excluding the impact of one-time items, such as closure-related expenses, and others, adjusted net loss and adjusted net loss per diluted share were $2.1 million and $0.08, respectively, in the third quarter 2014, compared to an adjusted net loss of $1.0 million, or $0.04 adjusted loss per diluted share in Q3 FY 2013.
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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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