Financial Results, Expanding Client Base, Upcoming Investor Conferences, and
Restructuring Initiatives - Research Report on Dex Media, Deluxe, Millennial
Media, ExamWorks and Valassis
NEW YORK, November 26, 2013
NEW YORK, November 26, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Dex Media,
Inc. (NASDAQ: DXM), Deluxe Corp. (NYSE: DLX), Millennial Media Inc. (NYSE:
MM), ExamWorks Group, Inc. (NYSE: EXAM) and Valassis Communications Inc.
(NYSE: VCI). Today's readers may access these reports free of charge -
including full price targets, industry analysis and analyst ratings - via the
Dex Media, Inc. Research Report
On November 5, 2013, Dex Media, Inc. (Dex Media) reported its Q3 2013
financial results with operating revenues at $397 million, up 24.1% YoY. The
Company reported operating loss of $142 million compared to operating income
of $28 million in Q3 2012 and net loss of $132 million compared to a net loss
of $13 million in Q3 2012. Dex Media had a cash balance of $234 million as of
September 30, 2013 versus $244 million as of June 30, 2013. Peter McDonald,
President and CEO of Dex Media, said "As we continue our integration efforts,
we are also focused on implementing comprehensive initiatives to drive
improved sales. We look to build on our strong base of more than 600,000
clients and attract new clients by offering customized marketing solutions for
small and medium sized businesses throughout the country." The Full Research
Report on Dex Media, Inc. - including full detailed breakdown, analyst ratings
and price targets - is available to download free of charge at:
Deluxe Corp. Research Report
On November 15, 2013, Deluxe Corp. (Deluxe) announced the schedule for the
Company's presentation at the Credit Suisse 2013 Annual Technology Conference.
Deluxe stated that the event will be held from December 2 to December 5, 2013
at The Phoenician in Scottsdale, Arizona. The Company informed that on
December 5, 2013 Lee Schram, its CEO and Ed Merritt, Treasurer and Vice
President of Investor Relations will be discussing the Company's business
during their presentation at 11:00 a.m. MT. The Full Research Report on Deluxe
Corp. - including full detailed breakdown, analyst ratings and price targets -
is available to download free of charge at:
Millennial Media Inc. Research Report
On November 13, 2013, Millennial Media Inc. (Millennial Media) released its Q3
2013 financial results with revenue at $56.1 million compared to $47.4 million
in Q3 2012 and total pro forma combined revenue of $86.3 million compared to
$62.0 million in Q3 2012. The Company reported a loss of $4.6 million,
compared to $1.8 million in Q3 2012. Paul Palmieri, Millennial Media's
President and CEO said, "In the third quarter we generated $86 million in
combined pro forma revenues driven by strong brand and international results
and growth in programmatic performance revenues via the newly acquired Jumptap
capabilities. Our integration is going well and we are very enthusiastic about
bringing our combined capabilities to the global mobile advertising market."
For Q4 2013, the Company expects total pro forma combined revenue to be in the
range of $95 million to $100 million. The Full Research Report on Millennial
Media Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
ExamWorks Group, Inc. Research Report
On October 30, 2013, ExamWorks Group, Inc. (ExamWorks) reported its Q3 2013
financial results with revenues of $152.4 million, up 17.1% YoY. Adjusted
EBITDA for the quarter totaled $23.9 million, up 18.3% YoY. James K. Price,
CEO of ExamWorks, commented, "We are proud of our results and of our employees
worldwide who worked hard to make them possible. Our momentum and focus on
organic growth continues and we are enthusiastically looking forward to 2014."
The Company stated that it expects Q4 2013 revenue to be in the range of $150
million and $154 million, and full-year 2013 revenue to be within $607 million
and $611 million range. For full-year 2013, ExamWorks anticipates EBITDA
margin to be within 15.7% and 15.9%. The Full Research Report on ExamWorks
Group, Inc. - including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
Valassis Communications Inc. Research Report
On October 24, 2013, Valassis Communications Inc. (Valassis) reported its Q3
2013 financial results with revenue of $489.4 million, down 6.6% YoY.
According to the Company, the decrease was mainly due to an anticipated
decline in revenues in the Neighborhood Targeted segment as a result of change
in certain client contracts to a fee-based media placement model, as well as
the discontinuance of the sampling and solo direct mail products. Net earnings
for the quarter totaled $27.7 million, a decrease of 24.6% YoY. Diluted EPS
was $0.70, down 22.2% YoY. Rob Mason, Valassis President and CEO, commented,
"Given our year-to-date results, I recognize a clear need for change. We are
executing our plan to strategically refocus, restructure and right-size our
company. We project this plan will deliver approximately $28 million in
annualized cost savings, putting our company in a better position to jumpstart
and accelerate growth moving forward." The Company revised its full-year 2013
diluted EPS guidance to range between $2.74 and $2.84. The Full Research
Report on Valassis Communications Inc. - including full detailed breakdown,
analyst ratings and price targets - is available to download free of charge
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SOURCE Analysts' Corner
Contact: Joe Thomas, +1-310-496-8071 (North America)
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