NEW YORK, April 28, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including LookSmart Ltd. (NASDAQ: LOOK), Dunkin Brands Group Inc (NASDAQ: DNKN), Tribune Media Company (NYSE: TRCO), China Auto Logistics Inc. (NASDAQ: CALI), and The Cheesecake Factory Incorporated (NASDAQ: CAKE). 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):
LOOK Research Report: ( http://get.analystsreview.com/pdf/?c=LookSmart%20Ltd.&d=28-Apr-2015&s=LOOK ),
DNKN Research Report: ( http://get.analystsreview.com/pdf/?c=Dunkin%20Brands%20Group&d=28-Apr-2015&s=DNKN ),
TRCO Research Report: ( http://get.analystsreview.com/pdf/?c=Tribune%20Media&d=28-Apr-2015&s=TRCO ),
CALI Research Report: ( http://get.analystsreview.com/pdf/?c=China%20Auto%20Logistics&d=28-Apr-2015&s=CALI ),
CAKE Research Report: ( http://get.analystsreview.com/pdf/?c=The%20Cheesecake%20Factory&d=28-Apr-2015&s=CAKE ).
Analyst Update: Merger, Stock Offerings, and Earnings.
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed lower on Monday as investors turned cautious ahead of the Fed meeting, which begins today. The NASDAQ Composite was down 0.63% to finish at 5,060.25, the S&P 500 slipped 0.41% to 2108.92, and the Dow Jones Industrial Average lost 0.23% to end the session at 18,037.97. European stocks gained on Monday as Greece considered reshuffling its debt negotiators. Germany's DAX 30 jumped 1.93%; France's CAC 40 rose 1.30%, and London's FTSE 100 advanced 0.47% on Monday. Meanwhile, Asian stock markets mostly gained on Monday amid surge in mining stocks in Australia and emanating news on possible reforms in China. The Shanghai Composite Index, Australia's S&P ASX and Hong Kong's Hang Seng index all closed higher on Monday.
LookSmart, Ltd. (LookSmart) announced on April 23, 2015, a definitive merger agreement with privately-held Pyxis Tankers Inc. Pyxis will become a publicly listed company as a result of the merger between the Company and Pyxis' wholly-owned subsidiary, Maritime Technologies Corp. LookSmart informed that it will spin off its existing business into a new entity called LookSmart Group, Inc.
Dunkin Brands Group, Inc. (Dunkin) reported its first quarter results on April 23, 2015, with revenues of $185.9 million which grew from previous years' $171.9 million by 8.1%. The Street had expected the Company to report revenues of $180.78 million for the quarter. The Company also surprised the analysts by reporting earnings of $0.40 on a per share basis as against $0.36 consensus estimates.
On April 22, 2015, Tribune Media Company (Tribune) announced the pricing of the secondary offering of 9.24 million shares of Class A common stock by stockholders affiliated with Oaktree Capital Management, L.P., Angelo, Gordon & Co., L.P. and JPMorgan Chase Bank, N.A. at a public offering price of $56 per share.
On April 15, 2015, China Auto Logistics Inc. (China Auto) reported its full year results. The Company reported a loss attributable to shareholders of $26.86 million including an impairment charge of $3 million relating to the Airport International Auto Mall acquired by the Company in November 2013, and a goodwill impairment charge of $16.04 million relating to the acquisition.
The Cheesecake Factory Inc (Cheesecake Factory) posted mixed first-quarter 2015 results wherein the earnings beat the Consensus Estimate, but revenue missed estimates. The Company's adjusted earnings of $0.56 per share beat Zacks Consensus of $0.48 by 14.2%, and was higher than the Company's guidance of $0.47 to $0.50.
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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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