NEW YORK, January 28, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including AT&T (NYSE: T), Amgen (NASDAQ: AMGN), Silicon Image (NASDAQ: SIMG), World Wrestling Entertainment (NYSE: WWE), and Electronic Arts (NASDAQ: EA). 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):
T Research Report: ( http://get.analystsreview.com/pdf/?c=AT%26T&d=28-Jan-2015&s=T ),
AMGN Research Report: ( http://get.analystsreview.com/pdf/?c=Amgen&d=28-Jan-2015&s=AMGN ),
SIMG Research Report: ( http://get.analystsreview.com/pdf/?c=Silicon%20Image&d=28-Jan-2015&s=SIMG ),
WWE Research Report: ( http://get.analystsreview.com/pdf/?c=World%20Wrestling%20Entertainment&d=28-Jan-2015&s=WWE ),
EA Research Report: ( http://get.analystsreview.com/pdf/?c=Electronic%20Arts&d=28-Jan-2015&s=EA ).
Analyst Update: Quarterly Earnings, Acquisitions, and Performance Updates
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.
Shares of AT&T Inc. (AT&T) rose over 1% in after-hours trading on Tuesday after the Company's fourth quarter 2014 results came in at par with analyst expectations, driven mainly by strong growth in postpaid subscribers. The second largest U.S. wireless carrier added 854,000 postpaid subscribers during the period, beating the Bloomberg's average analyst estimate of 819,000. Continue reading about AT&T's fourth quarter performance with next year outlook in our exclusive research report.
Amgen, Inc. (Amgen) has reported fourth quarter 2014 results that beat the market expectations, helped by strong product sales growth and a tax credit. Amgen's net income for the quarter increased to $1.3 billion, or $1.68 per diluted share, compared to $1.0 billion, or $1.33 per diluted share, in the year ago period. For more details on Amgen's fourth quarter performance and the Company's outlook for next year, please read our research report.
Shares of Silicon Image, Inc. (Silicon Image) jumped over 23% on Tuesday after the Company agreed to be acquired by Lattice Semiconductor Corporation (Lattice) in a transaction valued at approx. $600 million. As per the agreement, Lattice will acquire Silicon Image in an all-cash tender offer of $7.30 per share, representing a premium of 23.7% to Silicon Image's Monday close. Know more about the Silicon Image's strategic agreement with Lattice in our research report.
Shares of World Wrestling Entertainment, Inc. (WWE) rallied over 19% on Tuesday after the Company announced that its WWE Network has surpassed 1 million subscribers. WWE said that the milestone, achieved within 11 months after the network's launch, makes it the fastest-growing digital subscription service. Please read our exclusive research report to know the factors driving subscriber growth in WWE Network.
Electronic Arts, Inc. (Electronic Arts) has reported better-than-expected third quarter fiscal 2015 results, driven by strong growth in its digital revenues. Electronic Arts' third quarter net income came in at $142 million, or $0.44 per diluted share, compared to net loss of $308 million, or $1.00 per diluted share, in the year ago period. For a detailed view of Electronic Arts' performance in third quarter, with updated outlook, please read 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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