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Home » Business & Finance » Financial Analysis On Yesterday’s Losers: Pandora Media, Inc. (NYSE:P), R.R. Donnelley & Sons Company (NASDAQ:RRD), Midway Gold Corp. (NYSEMKT:MDW), First Bancorp (NYSE:FBP)
Financial Analysis On Yesterday’s Losers: Pandora Media, Inc. (NYSE:P), R.R. Donnelley & Sons Company (NASDAQ:RRD), Midway Gold Corp. (NYSEMKT:MDW), First Bancorp (NYSE:FBP)

Financial Analysis On Yesterday’s Losers: Pandora Media, Inc. (NYSE:P), R.R. Donnelley & Sons Company (NASDAQ:RRD), Midway Gold Corp. (NYSEMKT:MDW), First Bancorp (NYSE:FBP)

March 17, 2015 2:07 pm by: Category: Business & Finance Leave a comment A+ / A-

On Monday, Following U.S. Stocks were among the “Top Losers”: Pandora Media, Inc. (NYSE:P), R.R. Donnelley & Sons Company (NASDAQ:RRD), Midway Gold Corp. (NYSEMKT:MDW), First Bancorp (NYSE:FBP)

Latest NEWS regarding these Stocks are depicted underneath:

Pandora Media, Inc. (NYSE:P)

Pandora Media, Inc. (P), is supposed to launch a low-cost option for listeners who want to eliminate ads for 24 hours. If true, consumers will be able to pay $0.99 for one full day of commercial-free music. “It’s a great idea to get credit card numbers if people are willing to do that,” Needham analyst Laura Martin told Benzinga.

It may not be easy to attract paying customers, however. Most Pandora users endure ads to avoid the $4.99 monthly fee that accompanies Pandora One. Subscribers are able to avoid ads for an entire month.

The benefit of the $0.99 fee is that it would be a one-time, commitment-free transaction. The pay-as-you-go option would not require a contract and would not force customers to cancel to avoid unwanted fees.

That said, $0.99 is a lot for one day. Martin said that she would be surprised if consumers signed up for this option (which amounts to $30 per month for anyone who uses it everyday) instead of Pandora One (which would cost roughly $0.15 per day).

Pandora Media, Inc. provides Internet radio services in the United States. The corporation allows listeners to create up to 100 personalized stations to access free music and comedy catalogs, in addition to offers Pandora One, a paid subscription service to listeners. It also sells audio, display, and video advertising to advertisers for delivery on computer, mobile, and other connected device platforms.

R.R. Donnelley & Sons Company (NASDAQ:RRD)

Formerly on February 25, R.R. Donnelley & Sons Company (RRD), stated financial results for the fourth quarter and full year of 2014.

Highlights:

  • Fourth-quarter net sales of $3.1 billion grew 11.4% from the fourth quarter of 2013; organic net sales grew 0.5% from the fourth quarter of 2013,
  • Fourth-quarter GAAP net earnings attributable to ordinary shareholders of $19.5 million, or $0.10 per diluted share, contrast to GAAP net earnings attributable to ordinary shareholders in the fourth quarter of 2013 of $104.0 million, or $0.56 per diluted share,
  • Fourth-quarter non-GAAP net earnings attributable to ordinary shareholders of $105.8 million, or $0.52 per diluted share, contrast to non-GAAP net earnings attributable to ordinary shareholders in the fourth quarter of 2013 of $89.8 million, or $0.49 per diluted share,
  • Fourth-quarter non-GAAP adjusted EBITDA of $326.9 million raised by $33.3 million, or 11.3%, from the fourth quarter of 2013,
  • Corporation issues full-year 2015 guidance.

Net sales in the quarter were $3.1 billion, up $314.0 million, or 11.4%, from the fourth quarter of 2013, largely due to the attainments of Merged Graphics and the North American operations of Esselte. After adjusting for the influence of attainments, changes in foreign exchange rates, dispositions and changes in pass-through paper, organic sales raised 0.5% from the fourth quarter of 2013, as raises in the Planned Services, International and Variable Print segments were partially offset by the decline in the Publishing and Retail Services segment.

R.R. Donnelley & Sons Corporation provides integrated communications solutions to private and public sector clients in the United States and internationally.

Midway Gold Corp. (NYSEMKT:MDW)

Midway Gold Corp. (MDW), declared financial results for the period ended December 31, 2014. These results were filed recently with the United States Securities and Exchange Commission in the Corporation’s annual report on Form 10-K and with the relevant securities regulators in Canada.

Recent Developments:

Pan Project

  • Mining at Pan reached steady state of 55k tons/day in January 2015.
  • Cyanide was introduced to the irrigation system March 6, 2015. Breakthrough was realized March 7.
  • Most of the ADR (Adsorption-Desorption-Recovery) plant has been commissioned counting the Carbon-in-Columns circuit.
  • Commissioning of the refinery has commenced.
  • Drilling and development of a replacement water well is complete.
  • Installation of assay laboratory began March 11 and is predictable to be complete mid-April.
  • Midway anticipates first gold production from the Pan Mine on March 30, 2015.
  • Midway anticipates noteworthy production in April and May as more than 3 million tons have already been loaded onto the leach pad since mining commenced in September 2014 and more than 2 million tons went under leach when cyanide was introduced.

Gold Rock Project

  • Draft Environmental Influence Statement was published February 13, 2015. The federal permitting process is predictable to conclude by the end of 2015.

Spring Valley Project

Barrick Gold published an initial resource for the Spring Valley project, and anticipates to complete pre-feasibility in late 2015.

Midway Gold Corp., a development stage corporation, attains, explores, and develops gold and silver mineral properties in North America. It holds interests in the Pan gold project and Gold Rock gold deposit located along the prolific Battle Mountain/Eureka gold trend; the Spring Valley property located in the Spring Valley Mining District, Pershing County, Nevada; the Tonopah property located in Nye County, Nevada; and the Golden Eagle project located in the Eureka mining district in Ferry County, Washington.

First Bancorp (NYSE:FBP)

First Bancorp (FBP), the bank holding corporation for FirstBank Puerto Rico, declared the reversal of a noteworthy portion of the valuation allowance recorded against the deferred tax assets of its partner bank, FirstBank. The reversal results in the recognition of a one-time revenue tax benefit in the fourth quarter of 2014 of about $302.9 million, or $1.42 per diluted share. The Corporation’s February 2015 earnings release noted the ongoing evaluation of FirstBank’s deferred tax asset valuation allowance. The Corporation has now concluded that, as of December 31, 2014, it is more likely than not that FirstBank will generate sufficient taxable revenue within the applicable net operating loss carry-forward periods to realize a noteworthy portion of its deferred tax assets. This conclusion, and the resulting partial reversal of the deferred tax asset valuation allowance, is based upon consideration of a number of factors, counting FirstBank’s (i) completion of a sixth successive quarter of profitability and (ii) forecast of future profitability, under several potential scenarios where the Corporation has assigned more weight to its continued profitability than potential future growth which it is planning to achieve. As a result of the partial reversal, the Corporation’s deferred tax asset amounted to $313.0 million as of December 31, 2014, net of a valuation allowance of $204.6 million. As more objective information on the Bank’s planned growth and/or raised profitability becomes accessible, additional reversals of valuation allowance may be necessary. The ability to recognize the remaining deferred tax assets that continue to be subject to a valuation allowance will be evaluated on a quarterly basis to determine if there are any noteworthy events that would affect FirstBank’s ability to utilize these deferred tax assets.

First BanCorp. operates as the bank holding corporation for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients.

As a result of this adjustment and the related effect on the deposit insurance premium assessment, the Corporation’s results for the fourth quarter and year ended December 31, 2014 are higher than the results declared on February 5, 2015. As revised, the Corporation’s net revenue for the fourth quarter of 2014 raised to $330.8 million, or $1.56 per diluted share, contrast to the $26.3 million net revenue, or $0.12 per diluted share, formerly declared in the February 5, 2015 earnings release. This result compares to $23.2 million, or $0.11 per diluted share, for the third quarter of 2014 and $14.8 million, or $0.07 per diluted share, for the fourth quarter of 2013. The revised net revenue for the year ended December 31, 2014 amounted to $392.3 million, or $1.87 per diluted share, contrast to the $87.8 million net revenue, or $0.42 per diluted share, formerly declared in the February 5, 2015 earnings release. This result compares to a net loss of $164.5 million, or $0.80 loss per diluted share, for the year ended December 31, 2013.

First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the Virgin Islands and Florida, and of FirstBank Insurance Agency. First BanCorp. and FirstBank Puerto Rico operate within U.S. banking laws and regulations.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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Financial Analysis On Yesterday’s Losers: Pandora Media, Inc. (NYSE:P), R.R. Donnelley & Sons Company (NASDAQ:RRD), Midway Gold Corp. (NYSEMKT:MDW), First Bancorp (NYSE:FBP) Reviewed by on . On Monday, Following U.S. Stocks were among the "Top Losers": Pandora Media, Inc. (NYSE:P), R.R. Donnelley & Sons Company (NASDAQ:RRD), Midway Gold Corp. (N On Monday, Following U.S. Stocks were among the "Top Losers": Pandora Media, Inc. (NYSE:P), R.R. Donnelley & Sons Company (NASDAQ:RRD), Midway Gold Corp. (N Rating: 0

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