NEW YORK, August 23, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting Boyd Gaming Corp. (NYSE: BYD), Orbitz Worldwide, Inc. (NYSE: OWW), Home Inns & Hotels Management Inc. (NASDAQ: HMIN), WMS Industries Inc. (NYSE: WMS), and Renren Inc. (NYSE: RENN). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Boyd Gaming Corp. Research Report
On August 1, 2013, Boyd Gaming Corp. (Boyd Gaming) announced that it has priced a public offering of 16.5 million shares of its common stock at $12.00 per share. The Company informed that it has given the underwriters of the offering a 30-day option to purchase up to an additional 2.5 million shares of common stock. Boyd Gaming stated that the total gross proceeds from the offerings will be approximately $198 million, exclusive of any proceeds related to the underwriters' possible exercise of their option to purchase additional securities. According to the Company, Boyd Gaming plans to use the net proceeds from the offering to redeem a portion of its 7.13% Senior Subordinated Notes due 2016 and for general corporate purposes. The Full Research Report on Boyd Gaming Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-13/BYD]
--
Orbitz Worldwide, Inc. Research Report
On August 8, 2013, Orbitz Worldwide, Inc. (Orbitz Worldwide) announced its financial results for Q2 2013. Net revenue came in at $225.8 million, up 12.4% YoY, primarily driven by higher hotel and vacation package volume and higher net revenue per air and hotel transaction. Also, the Company said that net revenue in Q2 2013 benefited from the addition of an airline servicing revenue stream for one of the Company's private label distribution partners. Further, gross bookings during the quarter increased 4% YoY. Net income came in at $0.6 million or $0.01 per share, as compared with $4.6 million or $0.04 per share in Q2 2012. For Q3 2013, the Company expects net revenue in the range of $214 million to $220 million; and adjusted EBITDA between $41 million and $45 million. In addition,
for full-year 2013, the Company expects net revenue in the range of $840 million to $850 million; and adjusted EBITDA growth between 8% to 10% YoY. The Full Research Report on Orbitz Worldwide, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-13/OWW]
--
Home Inns & Hotels Management Inc. Research Report
On August 12, 2013, Home Inns & Hotels Management Inc. (Home Inns Group) reported its financial results for Q2 2013. Revenue increased 10.5% YoY to RMB1.6 billion. Net income was RMB94.8 million or diluted earnings of RMB1.68 per ADS, compared to net income of RMB36.4 million or diluted earnings of RMB0.75 per ADS in Q2 2012. Commenting on the results, the Company's CEO, David Sun, said, "Navigating through a persistently challenging business environment, the Company maintained steady revenue performance and delivered another quarter of margin expansion year over year. In spite of tough market conditions, Motel 168 hotels continued their trend of performance improvements as a result of solid execution of our integration plans. Our cost control and productivity measures have proven effective in generating sustainable benefits to protect margin. Meanwhile, the gradual increase of revenues from franchise operations will provide a steady support for profitability enhancements going forward." The Full Research Report on Home Inns & Hotels Management Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-13/HMIN]
--
WMS Industries Inc. Research Report
On August 7, 2013, WMS Industries Inc. (WMS) announced that it will release its Q4 FY 2013 and full-year FY 2013 results after the market closes on August 27, 2013. The Company informed that it will not be holding a conference call. WMS further reported that on January 30, 2013, it had entered into a definitive merger agreement whereby Scientific Games Corporation has agreed to acquire WMS for $26.00 in cash per common share. The Full Research Report on WMS Industries Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-13/WMS]
--
Renren Inc. Research Report
On July 30, 2013, Renren Inc. (Renren) announced that it will hold its annual general meeting (AGM) of shareholders at 42/F, Edinburgh Tower, The Landmark, 15 Queen's Road Central, Hong Kong, China on August 29, 2013 at 4:00 p.m. local time. According to the Company, the AGM will serve as an open forum for shareholders and beneficial owners of the Company's ADSs to discuss the Company's affairs with management, and no proposals will be submitted for shareholder approval at the AGM. Renren informed that its Board of Directors has fixed the close of business on July 26, 2013 as the record date for determining the shareholders entitled to receive notice of the AGM or any adjournment or postponement thereof. Renren further stated that beneficial owners of the Company's ADSs can also attend the AGM in person. The Full Research Report on Renren Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-13/RENN]
----
EDITOR NOTES:
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com.
- For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.
COMPLIANCE PROCEDURE
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
SOURCE Investors' Reports
