NEW YORK, April 27, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including Sirius XM Holdings Inc. (NASDAQ: SIRI), McDonald's Corporation (NYSE: MCD), Alibaba Group Holding Ltd (NYSE:BABA), Yum! Brands, Inc. (NYSE:YUM), and Comcast Corp. (NASDAQ:CMCSA). 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):
SIRI Research Report: ( http://get.analystsreview.com/pdf/?c=Sirius%20XM%20Holdings&d=27-Apr-2015&s=SIRI ),
MCD Research Report: ( http://get.analystsreview.com/pdf/?c=McDonald%27s%20Corp.&d=27-Apr-2015&s=MCD ),
BABA Research Report: ( http://get.analystsreview.com/pdf/?c=Alibaba%20Group&d=27-Apr-2015&s=BABA ),
YUM Research Report: ( http://get.analystsreview.com/pdf/?c=Yum!%20Brands&d=27-Apr-2015&s=YUM ),
CMCSA Research Report: ( http://get.analystsreview.com/pdf/?c=Comcast&d=27-Apr-2015&s=CMCSA ).
Analyst Update: Financial Results, and Agreements
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.
Sirius XM Holdings Inc. is scheduled to announce its first quarter 2015 financial and operating results on Tuesday, April 28, 2015. Recently, the Company launched its next generation of streaming services with an updated app, allowing subscribers to stay connected to their favorite SiriusXM programming on the go beyond the car.
McDonald's Corp's consolidated revenues decreased 11% YoY to $5.96 billion during the first quarter of 2015. Consolidated operating income during the quarter decreased 28% YoY to $1.39 billion due to weaker operating performance and $195 million of strategic charges related to restaurant closings and other management actions.
Alibaba Group Holding Ltd announced its definitive agreement with Alibaba Health Information Technology Ltd pursuant to which the Group will transfer the operations of its Tmall online pharmacy business to Alibaba Health against newly issued shares and convertible bonds of Alibaba Health.
Yum! Brands, Inc.'s consolidated total revenues for first quarter of 2015 declined 4% YoY to $2.62 billion. Net income for the quarter declined to $362 million or $0.83 per diluted share from $399 million or $0.89 per diluted share in the year ago period.
Comcast Corp announced the terminations of its merger agreement with Time Warner Cable as well as its transactions agreement with Charter Communications, Inc. Additionally, the Company informed that Matthew Strauss, Executive Vice President and General Manager of Video Services of Comcast Cable will participate in the J.P. Morgan Global Technology, Media and Telecom Conference in Boston, on May 18, 2015.
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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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