NEW YORK, April 17, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including J. C. Penney Company, Inc. (NYSE: JCP), CSX Corp. (NYSE: CSX), Alcatel-Lucent (NYSE: ALU), Nokia Corporation (NYSE: NOK), and Intel Corporation (NASDAQ: INTC). 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:
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JCP Research Report: ( http://get.analystsreview.com/pdf/?c=J.%20C.%20Penney&d=17-Apr-2015&s=JCP ),
CSX Research Report: ( http://get.analystsreview.com/pdf/?c=CSX%20Corp.&d=17-Apr-2015&s=CSX ),
ALU Research Report: ( http://get.analystsreview.com/pdf/?c=Alcatel-Lucent&d=17-Apr-2015&s=ALU ),
NOK Research Report: ( http://get.analystsreview.com/pdf/?c=Nokia&d=17-Apr-2015&s=NOK ),
INTC Research Report: ( http://get.analystsreview.com/pdf/?c=Intel%20Corporation&d=17-Apr-2015&s=INTC ).
Analyst Update: Disclosures, Acquisitions,and Earnings
Reviewed by: Rohit Tuli, CFA®
US stocks ended marginally lower on Thursday, as worries about upcoming corporate earnings reports offset enthusiasm about a trio of soaring Wall Street debuts. The Dow Jones industrial average fell 6.84 points, or 0.04%, to end at 18,105.77; the S&P 500 lost 1.64 points, or 0.08%, to 2,104.99; and the Nasdaq Composite dropped 3.23 points, or 0.06%, to 5,007.79. European markets finished broadly lower on Thursday with growing concerns about Greece's debt situation prompting investors to take some profits after the previous session's 14-year highs. The DAX closed 1.94% lower, France's CAC 40 declined by 0.57% and London's FTSE 100 declined by 0.51%. The pan-European FTSEurofirst 300 index closed 0.9% lower at 1,635.76 points. Chinese shares rebounded on stimulus hopes a day after gloomy first-quarter economic numbers with the Shanghai composite index rising 2.1% to 4,168.85, while other Asian benchmarks were mixed.
According to an article on Reuters, J.C. Penney Co Inc (J.C. Penney) announced on April 14, 2015 that a senior executive of the Company inadvertently disclosed its comparable store sales data for the first quarter to date to an analyst. The executive revealed that the comparable store sales data had risen about 6% in the quarter to date.
On April 14, 2015, CSX Corporation (CSX) reported that in first quarter, it achieved a double digit increase in operating income, net earnings and earnings per share, which grew by 14%, 11% and 13%, respectively, on the back of improved pricing environment, lower fuel prices and cost-saving initiatives.
On April 15, 2015, shares of Alcatel-Lucent (Alcatel) traded amid unusually high volumes on the news of Nokia-Alcatel's proposed acquisition. Nokia and Alcatel-Lucent announced their intention to combine and create an innovation leader in next generation technology and services for an IP connected world.
Nokia Corp on April 15, 2015 announced its intention to acquire Alcatel-Lucent, valuing the company at EUR 15.6 billion on a diluted basis. The transaction is expected to offer financial benefits to both companies, with the combined entity expected to have an estimated CAGR of around 3.5% for 2014-2019.
Intel Corporation (Intel) announced its Q1 results on April 14, 2015. The revenue came in at $12.8 billion which was flat on a y-o-y basis due to declining PC business, offset by growth in data center, Internet of Things (IoT) and non-volatile memory businesses.
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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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