13.08.2013 14:00:00
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Announcements of Financial Results, New Appointments, Channel Programs and Quarterly Dividends - Research Report on SIRIUS XM Radio, Pandora Media, IMAX, Scripps Networks Interactive, and Belo
NEW YORK, August 13, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting SIRIUS XM Radio Inc. (NASDAQ: SIRI), Pandora Media, Inc. (NYSE: P), IMAX Corporation (NYSE: IMAX), Scripps Networks Interactive, Inc. (NYSE: SNI), and Belo Corp. (NYSE: BLC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
SIRIUS XM Radio Inc. Research Report
On July 25, 2013, SIRIUS XM Radio Inc. (SiriusXM) reported its financial results for Q2 2013. The Company's revenue increased 12.2% YoY to $940.1 million. Net income was $125.5 million or $0.02 per diluted share, compared to net income of $3.1 billion or $0.48 per diluted share in Q2 2012. According to the Company, net income in the Q2 2012 benefitted from a $3 billion reversal of deferred income tax valuation allowances. Commenting on the results, SiriusXM's CEO, Jim Meyer, said, "SiriusXM's second quarter results reflect record performance on almost every vital metric: the 25 million subscriber milestone, record revenue, adjusted EBITDA and adjusted EBITDA margin. We grew our revenue at double digit rates for the sixth consecutive quarter while being very mindful of our costs as we invest in advanced IP and telematics platforms designed to provide more services to our subscribers and automakers." He added, "SiriusXM has now purchased 391 million shares of its common stock so far this year for nearly $1.3 billion, and we plan to continue using our growing free cash flow and strong balance sheet in a very disciplined way to reward our investors." The Full Research Report on SIRIUS XM Radio Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/1575_SIRI]
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Pandora Media, Inc. Research Report
On July 17, 2013, Pandora Media, Inc. (Pandora) announced the election of Elizabeth A. "Betsey" Nelson to its Board of Directors, effective as of July 15, 2013. Pandora stated that Nelson will also join the Company's audit committee. Commenting on the appointment, Pandora's Chairman and Chief Executive Officer, Joe Kennedy, said, "Betsey has a stellar track record of ensuring the integrity and transparency of companies through her work on several high-profile boards. Betsey brings expertise and experience serving companies at the center of growth and innovation in technology - including those in the mobile space, cloud and digital media. We couldn't ask for a better fit for Pandora's board of directors." The Full Research Report on Pandora Media, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b421_P]
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IMAX Corporation Research Report
On July 25, 2013, IMAX Corporation (IMAX) reported its financial results for Q2 2013. Revenue increased 17.2% YoY to $82.3 million, driven by recurring revenue. Net income was $11.8 million or $0.17 per diluted share, compared to net income of $11.0 million or $0.16 per diluted share in Q2 2012. Commenting on the results, IMAX's CEO, Richard L. Gelfond said, "In the second quarter we remained focused on executing our strategy of expanding the network and delivering solid global box office and per screen performance, which resulted in strong recurring revenue growth." "When you take into account the healthy backlog at the end of the second quarter, along with the substantial signing activity over the past few weeks, including last night's Wanda/AMC announcement, the result is a strong pipeline for continued network expansion over the coming years. We believe that this, together with our world-class brand and our increasing ability to tailor our programming globally, positions the Company well for long-term growth and an exciting future," he concluded. The Full Research Report on IMAX Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/085e_IMAX]
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Scripps Networks Interactive, Inc. Research Report
On July 23, 2013, Scripps Networks Interactive, Inc. (Scripps Networks) announced a raft of new programming across Travel Channel and Food Network UK. Travel Channel, which was re-launched earlier in 2013 with a new logo and new and exciting lineup of talents, announced two new commissions namely, Luxury Uncovered and Man Vs. World, highlighting the channel's investment into original programming. Further, Food Network, the number one lifestyle channel in the UK as per the Company, also announced a new commission with Jenny Morris Cooks the Riviera. Nick Thorogood, Senior Vice President Content & Marketing of Scripps UK & EMEA, commented, "It's fantastic to create original, dynamic programming relevant to so many of the territories we broadcast to and to showcase both new and established talent." The Full Research Report on Scripps Networks Interactive, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d3d0_SNI]
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Belo Corp. Research Report
On July 25, 2013, Belo Corp. (Belo) announced that its Board of Directors declared a quarterly cash dividend of $0.08 for each outstanding share of Series A common stock and Series B common stock for Q3 2013. Belo reported that the dividends will be paid on September 6, 2013, to shareholders of record on August 16, 2013. The Full Research Report on Belo Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://analystscorner.com/microwriter/link.php?s=BLC]
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EDITOR NOTES:
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.
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