NEW YORK, May 13, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Sprouts Farmers Market, Inc. (NASDAQ: SFM), Nokia Corporation (NYSE: NOK), Microsoft Corporation (NASDAQ: MSFT), Micron Technology, Inc. (NASDAQ: MU), and NVIDIA Corporation (NASDAQ: NVDA). 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.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
SFM Research Report: ( http://get.analystsreview.com/pdf/?c=Sprouts%20Farmers%20Market&d=13-May-2015&s=SFM ),
NOK Research Report: ( http://get.analystsreview.com/pdf/?c=Nokia&d=13-May-2015&s=NOK ),
MSFT Research Report: ( http://get.analystsreview.com/pdf/?c=Microsoft&d=13-May-2015&s=MSFT ),
MU Research Report: ( http://get.analystsreview.com/pdf/?c=Micron%20Technology&d=13-May-2015&s=MU ),
NVDA Research Report: ( http://get.analystsreview.com/pdf/?c=NVIDIA&d=13-May-2015&s=NVDA ).
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Analyst Update: Earnings Update, Potential Bid, and Management Hire
U.S. stocks closed lower on Tuesday amid sharp bond market volatility. The NASDAQ Composite closed at 4,976.19, down 0.35%, the S&P 500 fell 0.29% to 2,099.12, and the Dow Jones Industrial Average finished the day 0.20% lower, at 18,068.23. European stocks fell sharply on Tuesday as heavy bond market sell-off flustered investors. Germany's DAX 30 slipped 1.72%, France's CAC 40 tumbled 1.06%, and the London's FTSE 100 closed 1.37% lower on Tuesday. Meanwhile, Asian markets were mixed on Tuesday amid concern over Greece's future in the euro zone and interest rate cut in China.
On May 7, 2015, Sprouts Farmers Market, Inc. reported results for Q1 FY15. Net sales were $857.5 million, a 19% increase from Q1 FY14, driven by strong performance in new stores opened and a 4.8% increase in comparable store sales growth. Gross profit for the quarter increased 15% to $257.8 million resulting in a gross profit margin of 30.1% of sales, a decrease of 90 basis points compared to Q1 FY14.
German luxury auto makers are mulling over launching a formal bid to acquire a majority stake in Nokia Corporation's HERE mapping unit, in a consortium that includes Chinese technology group Baidu Inc., according to a May 5, 2015 report from the Wall Street Journal. Nokia values HERE at over $2.0 billion.
On May 7, 2015, Reuters reported that Microsoft Corp. is currently not weighing an offer for Salesforce.com Inc., which stands in contrast to an earlier report by Bloomberg on Microsoft's evaluation of a bid for Salesforce.
Micron Technology, Inc. announced on May 5, 2015, that the Company has appointed Ernie Maddock as CFO and VP, Finance, effective June 1, 2015. Mr. Maddock will join Micron after having served as Executive VP and CFO at Riverbed Technology, where he was also responsible for worldwide operations and information technology.
On May 7, 2015, NVIDIA announced its Q1 FY16 results. Revenue for Q1 FY16 was $1.15 billion, up 4% from $1.10 billion a year earlier and down 8% from $1.25 billion in the previous quarter. GAAP gross margin reached a record 56.7% in Q1 FY16, up from 54.8% a year earlier. GAAP earnings per diluted share for the quarter were $0.24, unchanged from $0.24 a year earlier and down 31% from $0.35 in the previous quarter.
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