NEW YORK, January 28, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Corning (NYSE: GLW), AK Steel (NYSE: AKS), Parker-Hannifin (NYSE: PH), Yahoo (NASDAQ: YHOO), and Apple (NASDAQ: AAPL). 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):
GLW Research Report: ( http://get.analystsreview.com/pdf/?c=Corning&d=28-Jan-2015&s=GLW ),
AKS Research Report: ( http://get.analystsreview.com/pdf/?c=AK%20Steel&d=28-Jan-2015&s=AKS ),
PH Research Report: ( http://get.analystsreview.com/pdf/?c=Parker-Hannifin&d=28-Jan-2015&s=PH ),
YHOO Research Report: ( http://get.analystsreview.com/pdf/?c=Yahoo&d=28-Jan-2015&s=YHOO ),
AAPL Research Report: ( http://get.analystsreview.com/pdf/?c=Apple&d=28-Jan-2015&s=AAPL ).
Analyst Update: Financial Results,Outlook, and Spin-off
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks came under pressure on Tuesday as a surprise drop in durable-goods orders coupled with disappointing corporate earnings raised concerns over the U.S. economy's strength. Commerce Department data showed that orders of U.S. durable goods fell 3.4% in December from a month earlier - the fourth decline in five months. The Dow Jones Industrial Average fell 1.65% to close at 17,387.21, the S&P 500 lost 1.34% to close at 2,029.55, and the Nasdaq Composite declined 1.89% to end at 4,681.50. In Europe, the markets retreated after eight-day long winning streak as continued uncertainty in Greece coupled with disappointing corporate results weighed upon investor sentiments. Meanwhile, Asian markets were mostly higher on Tuesday, led by sharp rebound in Japanese stocks on cheaper yen. Chinese stocks fell for the first time in six days amid concerns over declining profit at major industrial companies.
Corning Inc's (Corning) shares gained after earnings surpassed analysts' estimates on strong demand for its Gorilla Glass, used by smartphone-, tablet-, and flat panel TV-makers. Read more about the financial results and business outlook in our research report on Corning.
Lower input costs and strong demand for its automotive products helped AK Steel Holding Corporation (AK Steel) trump analysts' estimates and register best quarter of the year. According to the Company, first full quarter of results associated with the Dearborn Works acquisition also contributed to improved Q4 2014 financials. A further detailed analysis of the financial results is presented in our research report on AK Steel.
Parker-Hannifin Corporation (Parker-Hannifin) surpassed Q2 FY 2015 earnings analysts' estimates and offered an upbeat Q3 FY 2015 guidance. The Company's FY 2015 outlook predicted earnings from continuing operations to be between $7.90 and $8.30 on an adjusted basis. Further details of the financial results and other recent developments are available in our research report.
Shares of Yahoo Inc (Yahoo) erupted after it readied a plan for a tax-free spin-off of the Company's remaining holdings in Alibaba Group into a newly formed independent registered investment company (SpinCo). Read our research report on Yahoo to better understand the proposed tax spin off, which is expected to complete in Q4 2015.
Apple Inc (Apple) surpassed analysts' expectations with Q1 FY 2015 EPS of $3.06; the Zacks consensus estimate was of $2.60. Revenues of $74.6 billion also handily beat the $69.2 billion expectation. The results were fueled by all-time record revenue from iPhone and Mac sales as well as record performance of the App Store, the Cupertino, California-based Company said in a statement. Read more about Apple's financial results in our research report.
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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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