Upcoming AWS Coverage on INC Research Holdings Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 27, 2017 / Active Wall St. announces its post-earnings coverage on Myriad Genetics, Inc. (NASDAQ: MYGN). The Company released its second quarter fiscal 2017 (Q2 FY17) results on February 07, 2017. The Salt Lake City-based Company’s total revenues reported a 2% y-o-y growth, outperforming market consensus estimates. Register with us now for your free membership at:

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One of Myriad Genetics’ competitors within the Research Services space, INC Research Holdings, Inc. (NASDAQ: INCR), announced on February 06, 2017, that it will release its Q4 and full year 2016 financial results on Tuesday, February 28, 2017, prior to its quarterly earnings call at 8:00 a.m. ET. AWS will be initiating a research report on INC Research in the coming days.

Today, AWS is promoting its earnings coverage on MYGN; touching on INCR. Get our free coverage by signing up to:

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Earnings Reviewed

In Q2 FY17, Myriad reported total revenues of $196.5 million, which came in above the $193.3 million reported in the year-ago same period. Total revenues numbers for the reported quarter beat market consensus estimates of $191 million. The year-over-year rise in the Company’s top-line was primarily due to sequential growth in hereditary cancer revenues and strong GeneSight results.

The molecular diagnostic Company posted GAAP net income of $5.9 million, or $0.09 per diluted share, in Q2 FY17 compared to $37.1 million, or $0.50 per diluted share, reported in Q2 FY16. The Company’s Q2 FY17 non-GAAP net income stood at $17.5 million, or $0.26 per diluted share, compared to $33.5 million, or $0.45 per diluted share, in the previous year’s comparable quarter. Wall Street had expected the Company to report non-GAAP net income of $0.24 per diluted share.

Operational Metrics

During Q2 FY17, Myriad’s gross profit came in at $152.1 million compared to $152.7 million in the prior year’s same quarter. However, the Company’s gross margin fell to 77.4% in Q2 FY17 from 79.0% in the year ago comparable quarter. The Company’s operating expenses increased to $138.9 million in Q2 FY17 from $107.5 million in Q2 FY16. Moreover, the Company’s operating income declined 71% during Q2 FY17 to $13.2 million from $45.2 million in Q2 FY16. The Company’s operating margin also fell to 6.7% of total revenues in Q2 FY17 from 23.4% of total revenues in the previous year’s corresponding quarter. In the reported quarter, non-GAAP operating income declined to $23.6 million, or 12.0% of total revenues, from $48.4 million, or 25.0% of total revenues, in the previous year’s same quarter.

Segment Results

During Q2 FY17, Molecular diagnostic tests reported total revenue of $183.9 million, up 1% from $182.6 million in Q2 FY16, primarily due to a 78% surged in EndoPredict testing revenues to $1.6 million and Prolaris testing revenues, which rose 63% to $3.1 million. However, in Q2 FY17, Hereditary cancer testing revenues fell 13% y-o-y to $143.9 million, Vectra DA testing revenues was down by 5% to $10.7 million, while other testing revenues remained flat at $2.9 million. Furthermore, the segment’s GeneSight testing revenue during the reported quarter stood at $21.7 million.

Additionally, Pharmaceutical and clinical service segment’s revenues rose 18% y-o-y during Q2 FY17 to $12.6 million.

Cash Flow and Balance Sheet

During Q2 FY17, Myriad reported GAAP cash flow from operations of $31.4 million compared to $40.9 million in the prior year’s comparable period. Furthermore, free cash flow during the reported quarter was $29.0 million versus $39.8 million in Q2 FY16. As on December 31, 2016, the Company had cash and cash equivalents balance of $108.1 million, compared to $68.5 million in as on June 30, 2016. Furthermore, the Company reported long-term debt balance of $204.0 million as on December 31, 2016.

Share Repurchase

During Q2 FY17, the Company bought back approximately 600,000 shares of its common stock, for $10 million and ended the quarter with approximately $161 million remaining under its share repurchase program.

Outlook

In its guidance for Q3 FY17, Myriad’s management expects revenues to be between $188 million and $190 million. For Q3 FY17, GAAP diluted EPS is projected to be in the range of $0.08 to $0.10, while adjusted EPS for the same period is forecasted to be in the range of $0.23 to $0.25.

For full year FY17, the Company anticipates revenue range of $745 million to $755 million. Additionally, GAAP diluted EPS for FY17 is forecasted to be between $0.31 and $0.36; whereas full year adjusted EPS is estimated to be in the range of $1.00 to $1.05.

Stock Performance

Myriad Genetics At the closing bell, on Friday, February 24, 2017, MYGN’s stock slightly slipped 0.37%, ending the trading session at $18.98. A total volume of 1.67 million shares were traded at the end of the day, which was higher than the 3-month average volume of 1.51 million shares. In the last month and previous three months, shares of the Company have surged 17.23% and 11.32%, respectively. Moreover, the stock rallied 13.86% since the start of the year. Shares of the company have a PE ratio of 19.08 and have a market capitalization of $1.30 billion.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do 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.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

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SOURCE: Active Wall Street

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Upcoming AWS Coverage on Duke Energy Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 27, 2017 / Active Wall St. blog coverage looks at the headline from Arlington, Virginia based The AES Corp. (NYSE: AES) as the sustainable power Company announced along with Canada’s Institutional Investment Managers, Alberta Investment Management Corporation (AIMCo), on behalf of some of its clients, announced the acquisition of FTP Power LLC (sPower) on February 24, 2017. sPower is being acquired from private equity firm Fir Tree Partners. The cash cum debt transaction is valued at approximately $1.577 billion. Register with us now for your free membership and blog access at:

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One of AES Corp.’s competitors within the Electric Utilities space, Duke Energy Corp. (NYSE: DUK), reported Q4 and full-year 2016 financial results. AWS will be initiating a research report on Duke Energy in the coming days.

Today, AWS is promoting its blog coverage on AES; touching on DUK. Get all of our free blog coverage and more by clicking on the link below:

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AES Corp. is a Fortune 200 global power Company with generation and distribution businesses and provides affordable and sustainable energy in 17 countries. It has a workforce of over 21,000 people worldwide. AES Corp. owns and manages $37 billion in total assets and the revenues generated in 2015 were about $15 billion.

Established in January 2008, AIMCo is a Canada based institutional investment manager with assets under management (AUM) exceeding $95 billion. It manages investments of 26 pension, endowment, and government funds in Alberta.

New York based private investment firm Fir Tree Partners was founded in 1994 and manages assets on behalf of leading endowments, foundations, pension funds, and sovereign wealth funds, and the firm also invests in public and private Companies, real estate, and sovereign debt.

Finer details of the transaction

AES and AIMCo acquired the sPower from private investment firm Fir Tree Partners and its minority shareholders. AES and AIMCo have agreed to pay $853 million in cash as well as take over sPower’s $724 million in non-recourse debt. The price of acquisition is subject to change based on the usual post-signing purchase price adjustments. AES and AIMCo will each independently own approximately less than 50% stake in sPower, after the acquisition. Both Companies will also independently finance this acquisition.

The transaction is expected to close in Q3 2017 and is subject to approvals from the Federal Energy Regulatory Commission, the Committee on Foreign Investment in the United States and other closing conditions.

AES has indicated that the complete details of this acquisition will be disclosed in broader detail when it announces its Q4 2016 and FY16 results and guidance for FY17, on February 27, 2017.

Once the acquisition is complete, AES’ portfolio of renewable energy projects (including both operational and under construction) will increase from 8,278MW to 9,552MW. The projects are a combination of hydro, wind, solar power as well as energy storage capacities. Interestingly, in August 2016, the subsidiary of AES – AES Energy Storage signed contracts with utility San Diego Gas and Electric (SDG&E) to install two energy storage arrays with a combined capacity of 37.5MW, in what will be one of the largest battery-based energy storage project in the US.

Words from the concerned parties

Commenting on the acquisition of sPower, Andrés Gluski, President and CEO of AES Corp. said:

“We are very pleased to acquire sPower, the largest independent solar developer in the United States. sPower not only brings 1.3 GW of installed capacity with an average remaining contract life of more than 20 years, but a first-class management and development team with a pipeline of more than 10 GW of projects.”

Kevin Uebelein, CEO of AIMCo added:

“AIMCo is excited to acquire an approximate 50% interest in sPower, on behalf of our clients and consistent with our investment mandate, and in partnership with AES.”

Sharing his views on the matter, Jeffrey Tannenbaum, Chairman of the Board of sPower and founder of Fir Tree Partners said:

“Clean energy is the future and the opportunity ahead for sPower is very large. We believe AES and AIMCo are the right partners to support the Company’s continued evolution and ambitious goals for clean energy development, job creation, and greenhouse gas reductions.”

About sPower

sPower is an independent power producer which is headquartered in Salt Lake City with offices in San Francisco, Long Beach and New York City. sPower develops and owns over 150+ utility-scale and commercial distributed electrical generation systems across the US and UK. However most of its utility – scale power projects are concentrated in in California and North Carolina and its distributed generation projects are concentrated in North East states or California.

Stock Performance

At the closing bell, on Friday, February 24, 2017, AES Corp.’s stock climbed 1.53%, ending the trading session at $11.93. A total volume of 6.32 million shares were traded at the end of the day, which was higher than the 3-month average volume of 5.15 million shares. In the last month and previous twelve months, shares of the Company have advanced 6.04% and 24.37%, respectively. Moreover, the stock gained 3.76% since the start of the year. The Company’s shares are trading at a PE ratio of 63.80 and have a dividend yield of 4.02%. AES’ stock has a market capital of $7.86 billion.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do 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.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

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Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 456019

Upcoming AWS Coverage on Alamos Gold Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 27, 2017 / Active Wall St. blog coverage looks at the headline from Asanko Gold Inc. (NYSE: AKG). As part of its annual filings, Asanko Gold disclosed on February 24, 2017, its current Mineral Resource and Reserves Estimate with regards to its Asanko Gold Mine, Ghana West Africa. The data published is for records as on December 31, 2017. Register with us now for your free membership and blog access at:

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One of Asanko Gold’s competitors within the Gold space, Alamos Gold Inc. (NYSE: AGI), reported on February 23, 2017, its financial results for the quarter and year ended December 31, 2016. AWS will be initiating a research report on Alamos Gold in the coming days.

Today, AWS is promoting its blog coverage on AKG; touching on AGI. Get all of our free blog coverage and more by clicking on the link below:

http://www.activewallst.com/register/

The current mineral resource and reserve estimates include the depletion resulting from the first two years of mining. The application of updated constraining parameters for resource modelling have been implemented at the three new deposits – Akwasiso, Nkran Extension, and Adubiaso Extension, which were discovered in 2016. The resource modeling has also been implemented on two additional pits at Esaase and when preparing the Mineral Resource Estimate (MRE) for the Nkran pit. The MRE for the Nkran pit, has been prepared by a leading mineral consulting group – CSA Global. CSA is also one of the two independent experts who are grading the ounce profile of the ore at the for the Nkran pit.

The results indicated that as on December 31, 2016, the Company had the measured and indicated resources of 7.34 million ounces at 1.44 g/t Au and inferred resources of 1.43 million ounces at 1.43 g/t Au. The other deduction, as a result of the exercise indicated, that the current updated constraining parameters used are in-line with the best of industry standards. The reserves at Nkran reduced from 2.2Moz to 1.9Moz due to the mining depletion since 2015-2016. This has resulted in a Nkran reserve base reduction of 14%. However, the overall reduction in global DPP reserves was only 6%. The global mineral reserves for the Asanko Gold Mine have benefitted from the addition of new reserves at Akwasiso, Adubiaso Extension, and Nkran Extension, Dynamite Hill, Abore, and Asuadai. Thus, the overall reduction is only 2%.

Sharing his views on the matter Peter Breese, President and CEO of Asanko said:

“Our global gold reserves have remained largely unchanged at 5 million ounces, supported by the successful 2016 near mine exploration program which added over 300,000 low cost ounces to the mineral inventory, offsetting mining depletion. We are very excited by the exploration potential that the Asanko Gold Mine (AGM) complex holds and anticipate adding more ounces to our resource base during 2017 from a considerable list of near mine high priority targets.”

Purpose and goal of the Mineral Resource and Reserve Estimates

The Company had appointed two independent mineral consulting experts for the resource modeling and grading of the ounce profile of the ore at the Nkran pit. However, both experts have arrived at varied conclusions with regards to the grades and tonnes at the Nkran pit but their conclusion with regards to the contained ounce profile remain similar at a 0.5 g/t (gram per tonne) cut off. The Company has decided to go with the findings and conservative resource model used by CSA while calculating for Asanko’s corporate reporting, mine planning and future planning for capital expenditures.

Asanko has plans to develop and open up more pits at the AGM complex including at Dynamite Hill in H2 2017. The AGM complex, for its entire life would offer great flexibility and options since the complex is multi-pit in nature.

CSA’ Review

In mid-2016, the Company had roped in the services of CSA to carry out an external audit for the new MRE for Nkran. Under agreement, CSA had to verify the findings as well as the modelling techniques used by CJM Consulting, who had originally Definitive Project Plan (“DPP”) MRE in November 2016. Apart from this CSA had to verify the Company’s grade control, mining, reconciliation methodology, and the mine to metal accounting. At the end of the audit, CSA concluded that MRE modeling methodology used was in-line with the style of mineralization at Nkran. Also, the grade control, mining, reconciliation methodology, and the mine to metal accounting implemented by the Company were excellent.

CSA’s MRE was for the Company’s Nkran and Dynamite Hill pits and it reviewed the MRE for the Esaase Main pit. CSA’s findings at the end of the review corresponded with CJM’s estimates.

Update on the Expansion DFS

The current mineral resource and reserve estimates will become the basis on which the Company’s revised life of mine plan and multi-pit schedule is calculated. The revised life of mine plan and multi-pit schedule will form a part of the Company’s final Expansion DFS (Definitive Feasibility Study). The Company is in the process of updating all the designs on AGM pits by taking into account current actual mining costs, improved diesel prices, and improved gold recovery rates. Since the planning and scheduling for 11 different pits is a bit complicated, the Company plans to share its Expansion DFS in Q2 2017 which will give detailed information on the associated optimization processes.

Asanko plans to go ahead with the expansion plans for its Project 5M and has already ordered the required long-term lead items. Asanko expects that the Project 5M expansion will be completed by H2 2017 and will be utilizing its internal cash flows at current gold prices which is approximately $1,250/oz gold, for financing the expansion project.

Stock Performance

At the close of trading session on Friday, February 24, 2017, Asanko Gold’s stock price declined 2.30% to end the day at $2.97. A total volume of 1.55 million shares were exchanged during the session, which was above the 3-month average volume of 890.12 thousand shares. The Company’s share price has gained 42.11% in the past twelve months. The stock has a forward PE ratio of 28.83 and a market capital of $613.39 million.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

AWS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

AWS, the Author, and the Reviewer are 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 whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do 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.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@activewallst.com

Phone number: 1-858-257-3144

Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 456026

Upcoming AWS Coverage on CBS Corp. Post-Earnings Results

LONDON, UK / ACCESSWIRE / February 27, 2017 / Active Wall St. announces its post-earnings coverage on Time Warner Inc. (NYSE: TWX). The Company disclosed its fourth quarter and fiscal 2016 financial results on February 07, 2017. The media and entertainment Company surpassed top- and bottom-line expectations. Register with us now for your free membership at:

http://www.activewallst.com/register/

One of Time Warner’s competitors within the Entertainment – Diversified space, CBS Corp. (NYSE: CBS), reported on February 15, 2017, its results for Q4 and full year of 2016. AWS will be initiating a research report on CBS Corp. in the coming days.

Today, AWS is promoting its earnings coverage on TWX; touching on CBS. Get our free coverage by signing up to:

http://www.activewallst.com/register/

Earnings Reviewed

For the quarter ended December 31, 2016, Time Warner reported that revenues grew 11% to $7.89 billion compared to $7.08 billion in Q4 2015, due to increases at all operating divisions, and included the unfavorable impact of foreign exchange rates of approximately $110 million in the reported quarter. The Company’s revenue numbers exceeded analysts’ consensus of $7.75 billion.

For Q4 2016, the Company’s operating income increased 22% to $1.69 billion and adjusted operating income increased 25% to $1.8 billion due to growth at all operating divisions and a positive swing in intercompany eliminations.

Time Warner posted Q4 2016 diluted income per Common Share from continuing operations (EPS) of $0.40, down 62% compared to $1.06 for the prior year’s same quarter. On an adjusted basis, the Company posted EPS of $1.25, up 18% versus $1.06 for the prior year’s comparable quarter. Adjusted EPS in the reported quarter excluded $1.0 billion of premiums paid and costs incurred in connection with debt repurchases. Time Warner’s adjusted earnings numbers surpassed market expectations of $1.18 per share in earnings.

Full-Year Results

For FY16, Time Warner‘s revenues increased 4% to $29.32 billion compared to $28.12 billion in FY15. The Company’s operating income increased 10% to $7.5 billion and adjusted operating income increased 10% to $7.6 billion. Time Warner posted EPS of $4.94, up 8% compared to $4.58 in 2015. The Company’s adjusted EPS was $5.86, up 23% from $4.75 for the prior year.

Segment Performance

TURNER –

For Q4 2016, Time Warner’s Turner division revenues increased 7%, or $177 million, to $2.84 billion, driven by 14% growth in Subscription revenues and 9% gain from Content and other revenues, which was partially offset by a decrease of 2% in Advertising revenues. The Company noted that Subscription revenues benefited from higher domestic rates and growth at Turner’s international networks, which was partially offset by the impact of lower domestic subscribers. During Q4 2016, Turner’s operating income increased 8% on a y-o-y basis to $841 million, reflecting revenue growth which was partially offset by higher expenses, including increased marketing costs primarily due to new original series. For FY16, the segment’s revenues increased 7%, or $768 million, to $11.4 billion, benefiting from increases of 12% in Subscription revenues and 3% in Advertising revenues. Operating income increased 7%, or $285 million, to $4.4 billion due to the increase in revenues partially offset by higher expenses, including increased programming, and marketing costs.

HOME BOX OFFICE (HBO) –

For Q4 2016, Time Warner’s HBO division revenues increased 6%, or $79 million, to $1.49 billion, which was attributed to a 5% increase in Subscription revenues and 7% growth in Content and other revenues. Subscription revenues increased due to higher domestic rates and international growth. The increase in Content and other revenues primarily reflects higher home entertainment revenues, which was partially offset by lower international licensing revenues. The segment’s operating income increased 9%, or $36 million, to $429 million, due to the increase in revenues which was partially offset by higher expenses, including increased distribution expenses related to the timing of home video releases. For FY16, HBO’s revenues increased 5%, or $275 million, to $5.9 billion, due to increases of 5% in Subscription revenues and 2% in Content and other revenues. The segment’s operating income increased 2%, or $39 million, to $1.9 billion, reflecting higher revenues which was partially offset by increased expenses, including higher programming and restructuring and severance costs. HBO received 22 Primetime Emmy Awards in 2016, the most of any network for the 15th consecutive year.

WARNER BROS. –

During Q4 2016, Time Warner’s Warner Bros. division reported revenues of $3.9 billion up 17%, or 563 million, driven by higher theatrical revenues, which benefited from the releases of ‘Fantastic Beasts and Where to Find Them’ and The Accountant, and higher television revenues, primarily due to higher licensing revenues and increased production. The segment’s operating income increased 57%, or $208 million, to $574 million in the reported quarter. For FY16, Warner Bros’ revenues were essentially flat at $13.0 billion, reflecting higher theatrical and television revenues which were offset by lower videogames revenues and the impact of foreign exchange rates. The segment’s FY16 operating income increased 22% to $1.7 billion as increased theatrical contributions and a $90 million gain on the April 2016 sale of Flixster, but which was more than offset the impact from lower videogames revenues.

At the global box office, Warner Bros. was the #2 studio in 2016 and grossed nearly $5.0 billion in box office receipts, its second-best worldwide theatrical performance.

Cash Flow & Balance Sheet

During FY16, Time Warner generated a record $4.4 billion in free cash flow and returned close to $3.6 billion to shareholders in share repurchases and dividends over the course of the year. For FY16, the Company’s cash provided by operations from Continuing Operations grew 22% to $4.7 billion.

Stock Repurchase Program

From January 01, 2016 through December 31, 2016, the Company repurchased approximately 31 million shares of common stock for approximately $2.3 billion. On October 23, 2016, the Company discontinued purchases under its share repurchase program as a result of the pending merger with AT&T Inc.

Regular Quarterly Dividend

On February 07, 2017, the Company’s Board of Directors approved a regular quarterly dividend of $0.4025 per share.

Stock Performance

On Friday, February 24, 2017, the stock closed the trading session at $97.28, slightly climbing 0.23% from its previous closing price of $97.06. A total volume of 2.48 million shares have exchanged hands. Time Warner’s stock price advanced 5.82% in the last three months, 22.49% in the past six months, and 48.13% in the previous twelve months. The Company’s shares are trading at a PE ratio of 19.64 and have a dividend yield of 1.66%.

Active Wall Street:

Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

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The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

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CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 456020

NEW YORK, NY / ACCESSWIRE / February 27, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and micro-cap public companies is reviewing the possible outcomes of coal producer Peabody Energy Corporation (OTC PINK: BTUUQ) reorganization plan.

From an industry perspective, notwithstanding a short-term surge in coal prices, nothing has fundamentally changed in prospects of the coal industry. In fact, there has been significant negative news recently. There are also too many companies sitting with sizeable inventory chasing a dull market. This makes the situation even worse for the company.

We look at the most likely outcomes for common shareholders in the following report READ MORE

Copy and paste to your browser may be required to view the report- http://tradersnewssource.com/peabody-energy/

Recent developments in the coal industry, both in the US and international market suggests that the structural decline in the industry continues to impinge the business risk profile of the company. Also, so as of now increasing or even preserving the value for shareholders is the question.

A comprehensive report about the progress and hurdles of Peabody’s reorganization plan is available with no obligation here READ MORE

Copy and paste to your browser may be required to view the report- http://tradersnewssource.com/peabody-energy/

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Traders News Source LLC (TNS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering small and micro-cap equity markets. TNS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE, NASDAQ and OTC exchanges. The other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

TNS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a chartered financial analyst, for further information on analyst credentials, please email editor@tradersnewssource.com. Vikas Agrawal, a CFA® charter holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written, and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author per the procedures outlined by TNS. TNS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents, or reports. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

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TNS, the Author, and the Reviewer are 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 whatsoever for any direct, indirect, or consequential loss arising from the use of this document. TNS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, TNS, the Author, and the Reviewer do 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.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither TNS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.tradersnewssource.com.

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer be featured on our coverage list, contact us via email Monday through Friday at: editor@tradersnewssource.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

CONTACT:

editor@tradersnewssource.com

SOURCE: Traders News Source

ReleaseID: 456038

NEW YORK, NY / ACCESSWIRE / February 27, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and micro-cap public companies is issuing a comprehensive report with no obligation on Sugarmade, Inc. (OTCQB: SGMD). The company recently announced completion of an agreement allowing it to introduce a new and revolutionary set of intelligent and active packaging systems for cannabis transport and storage. This allows cultivators and retailers to preserve THC levels, protect trichomes and save terpenes, while helping to mitigate pathogen levels, all of which are critical to the marketing and enjoyment of high-quality cannabis flowers.

Sugarmade financials, Products and Key Factors are discussed here READ MORE

Copy and paste to your browser may be required to view the report- http://tradersnewssource.com/sugarmade/

Another side of SGMD pertains to a cutting-edge innovative product in an all-together different market. Through a license from Huy Fong Foods, maker of the world-renowned chili sauce, Sriracha, SGMD is set to launch a line of culinary seasoning for which early interest appears extremely high.

While there could be some crossover synergies/value unlocking between the cannabis and culinary divisions, for now the move simply represents a unique diversification from SGMD’s business risk perspective.

A review of Sugarmade’s earnings, cashflow and balance sheet available here READ MORE

Copy and paste to your browser may be required to view the report- http://tradersnewssource.com/sugarmade/

DISCLOSURE

Traders News Source LLC (TNS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering small and micro-cap equity markets. TNS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE, NASDAQ and OTC exchanges. The other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

TNS has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a chartered financial analyst, for further information on analyst credentials, please email editor@tradersnewssource.com. Vikas Agrawal, a CFA® charter holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written, and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author per the procedures outlined by TNS. TNS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents, or reports. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

TNS, the Author, and the Reviewer are 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 whatsoever for any direct, indirect, or consequential loss arising from the use of this document. TNS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, TNS, the Author, and the Reviewer do 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.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither TNS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.tradersnewssource.com.

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer be featured on our coverage list, contact us via email between 09:30 EST to 16:00 EST from Monday through Friday at: editor@tradersnewssource.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

CONTACT:

editor@tradersnewssource.com

SOURCE: Traders News Source

ReleaseID: 456036

VANCOUVER, BC / ACCESSWIRE / February 27, 2017 / Bearing Resources Ltd. (TSXV: BRZ) (OTCQB: BRGRF) (DEU: B6K1) (“Bearing” or the “Company”) is pleased to announce that its common shares are now trading on the OTCQB® Venture Market in the United States under the symbol “BRGRF” and on the Börse Frankfurt Stock Exchange in Germany under the symbol “B6K1”. Bearing Resources Ltd. Will continue to trade on the TSX Venture Exchange (TSXV) under its existing symbol “BRZ”.

Jeremy Poirier, President and Chief Executive Officer of the Company commented: “Qualification and admission on both the OTCQB and Frankfurt markets improves Bearing’s international visibility and introduces the company to a global audience, both of which should improve liquidity for our shareholders.”

About Bearing Resources Ltd.

Bearing is an exploration and development company. The Li3 Definitive Agreement will enable it to acquire an interest in the advanced-stage Maricunga project located in Chile, which represents one of the highest-grade development opportunities in the Americas. Assuming completion of the transactions contemplated by the Li3 Definitive Agreement, Bearing will have an undivided 17.7% interest in the project with all expenditures through to the delivery of a Definitive Feasibility Study (DFS) fully-funded by its joint-venture partners. The Maricunga Project has had in excess of US$25 million of exploration to date.

ON BEHALF OF THE BOARD

Signed “Jeremy Poirier”

Jeremy Poirier, Director President and CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Jeremy Poirier
President and CEO Bearing Resources
Telephone: 1-604-262-8835

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

This press release includes certain “forward-looking information” and “forward-looking statements”(collectively “forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “potential”, “possible”, and similar expressions, or statements that events, conditions, or results “will”, “may”, “could”, or “should” occur or be achieved. Forward-looking statements in this press release relate to, among other things: completion of the transactions contemplated by the Li3 Definitive Agreement, the benefits of the proposed transaction with Li3 to shareholders of Bearing . Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: completion of satisfactory due diligence by each of Bearing and Li3, the absence of a material adverse change in the Maricunga Property and the receipt of all necessary regulatory and shareholder approvals to complete the proposed transaction with Li3. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, Bearing does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

SOURCE: Bearing Resources Ltd.

ReleaseID: 456039

TORONTO, ON / ACCESSWIRE / February 27, 2017 / Nevada Zinc Corporation (TSXV: NZN) (“Nevada Zinc” or the “Company”) is pleased to announce that the technical report entitled “Technical Report on the Lone Mountain Property Eureka County, Nevada, USA”, and dated February 27, 2017 with an effective date of January 25, 2017 (the “Report”), has been filed and is now available on Nevada Zinc’s SEDAR profile at www.sedar.com.

The Report was prepared by P&E Mining Consultants Inc. (“P&E”) at the request of Mr. Bruce Durham, President and Chief Executive Officer of the Company. The Qualified persons who prepared the report were David Burga, P.Geo., Fred Brown, P.Geo., and Richard H. Sutcliffe, PhD, P.Geo.

The Lone Mountain Property

The Lone Mountain Property (the “Property”) comprises 223 contiguous unpatented lode mining claims and one patented claim covering a total area of approximately 4,400 acres. The Lone Mountain claims are located along the northern edge of Lone Mountain. The Property is approximately 7.5 kilometres north of US Highway 50 and can be accessed by vehicles via an unpaved road extending north from Highway 50. Exploration activities may be conducted year-round. The region supports an active mining workforce with significant resources for mineral exploration, mine development and mine operations.

The historical Mountain View mine, located on the Company’s patented claim, is reported to have produced approximately five million pounds of zinc between 1942 and 1964 from oxide-carbonate mineralization. The main structural target on the Property is a soil geochemical anomaly with a minimum 1.4 kilometre strike length and a coincident three kilometre CSAMT geophysical anomaly trending NW from the mine. Nevada Zinc’s drilling to-date (12,200 metres in 83 holes) has tested approximately 450 metres of strike length of the target and has intercepted multiple long, shallow, high grade zinc oxide intercepts, such as hole LM15-27 with 9.48% zinc and 0.74% lead over 118.92 metres. Mineralization is located within brecciated Devils Gate Limestone and is thought to be structurally controlled.

All zinc and lead mineralization intersected to-date on the Property is non-sulphide (oxide-carbonate) type mineralization. Dissolution (leach) testing during 2016 demonstrated fast and exceptional recovery of over 99% of the zinc from the mineralized rock. Additionally, dense media separation (DMS) test work indicates that up to 90% of the barren carbonate can be separated from the zinc mineralization, greatly reducing the amount of acid that would be needed to dissolve the zinc. These two processes combined could allow for the production of one or more zinc products on site that could be shipped as market-ready. The Company will continue to evaluate these possibilities.

P&E considers that the Property hosts significant high-grade zinc mineralization and warrants further exploration. P&E recommends that the next exploration phase budgeted at Cdn. $2,996,000 should include additional RC drilling, diamond core drilling, geological mapping, geophysical surveying, geochemical, metallurgical and environmental studies.

Bruce Durham (P.Geo), President and Chief Executive Officer of Nevada Zinc, is a Qualified Person, as the term is defined in Canadian regulatory guidelines under National Instrument 43-101, and has read and approved the technical information contained in this press release.

About Nevada Zinc

Nevada Zinc is a discovery driven mineral exploration company with a proven management team focused on identifying unique mineral exploration opportunities that can provide significant value to its shareholders. The Company’s existing zinc and gold projects are located in Nevada and Yukon, respectively.

Nevada Zinc cordially invites everyone to meet with its management team in the Investors Exchange during the upcoming Prospectors and Developers annual conference in Toronto. Management looks forward to discussing the progress of the Company at booth #2215 on Tuesday March 7, 2017 and Wednesday March 8, 2017. Registration to attend the Investors Exchange is free.

For further information contact:

Nevada Zinc Corporation

Suite 1660, 141 Adelaide St. West
Toronto, Ontario M5H 3L5
Tel: 416-504-8821

Bruce Durham, President and CEO
bdurham@nevadazinc.com

www.nevadazinc.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe Nevada Zinc’s future plans, objectives or goals, including words to the effect that Nevada Zinc or its management expects a stated condition or result to occur, therefore undue reliance should not be placed on such information. Nevada Zinc provides no assurance that actual results will meet management’s expectations. Forward looking information in this news release includes, but is not limited to details of the technical report, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes. Nevada Zinc disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law.

SOURCE: Nevada Zinc Corporation

ReleaseID: 456035