Appointments, Earnings Releases, Conference Schedules, and CDIs Delistings - Analyst Notes on DIRECTV, CVS Caremark, McKesson, 21st Century Fox and Cardinal

Tue May 6, 2014 8:14am EDT

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Appointments, Earnings Releases, Conference Schedules, and CDIs Delistings - Analyst Notes on DIRECTV, CVS Caremark, McKesson, 21st Century Fox and Cardinal

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PR Newswire

NEW YORK, May 6, 2014 /PRNewswire/ --

Today, Analysts Review released its analysts' notes regarding DIRECTV, Inc. (NASDAQ: DTV), CVS Caremark Corporation (NYSE: CVS), McKesson Corporation (NYSE: MCK), Twenty-First Century Fox, Inc. (NASDAQ: FOXA) and Cardinal Health, Inc. (NYSE: CAH). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2080-100free.

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DIRECTV, Inc. Analyst Notes
On April 30, 2014, DIRECTV, Inc. (DIRECTV) announced the appointment of Jennifer Cho as the Company's Senior Vice President and Treasurer. Jennifer Cho will report to Pat Doyle, Company's Executive Vice President and CFO. In her new role, Cho will lead all aspects of the Treasury and Business Development functions to drive value creation across the Company. Further, she will be responsible for capital structure planning, business development, corporate financings, banking relationships, rating agency relationships, cash management and other aspects of risk management. Commenting on Cho's appointment, Doyle said "Jennifer's more than 25 years of finance experience in areas ranging from credit and risk management to mergers and acquisitions makes her an excellent addition to DIRECTV and the treasury team." The full analyst notes on DIRECTV are available to download free of charge at:

http://www.analystsreview.com/2080-DTV-06May2014.pdf

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CVS Caremark Corporation Analyst Notes
On May 2, 2014, CVS Caremark Corporation (CVS Caremark) announced its operating results for Q1 2014. During the quarter, the Company reported an increase of 6.3% YoY in its net revenues to $32.7 billion. Pharmacy Services Segment revenues rose 10.3% YoY to $20.2 billion, helped by growth in its specialty pharmacy business, including the acquisition of Coram, as well as drug cost inflation, new clients and new products. Net income for Q1 2014 increased to $1.1 billion, or $0.95 per diluted share, from $954 million, or $0.77 per diluted share in Q1 2013. Net income was positively impacted by rebate improvement in the Pharmacy Services Segment and an increase in front store gross margins in the Retail Pharmacy Segment. The adjusted diluted EPS during Q1 2014 was $1.02, which missed the Reuters' analyst consensus EPS estimate of $1.04. CVS Caremark expects to report adjusted EPS between $1.08 and $1.11 in Q2 2014. The full analyst notes on CVS Caremark are available to download free of charge at:

http://www.analystsreview.com/2080-CVS-06May2014.pdf

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McKesson Corporation Analyst Notes
On April 29, 2014, McKesson Corporation (McKesson) announced that the Company will participate at the UBS Global Healthcare Conference to be held in New York on Tuesday, May 20, 2014. The Company informed that James Beer, McKesson's Executive Vice President and CFO, will present at the Conference at 12:00 p.m. ET. A live webcast of the conference, and an archived version of the same, will be available for access on the Company's website. The full analyst notes on McKesson are available to download free of charge at:

http://www.analystsreview.com/2080-MCK-06May2014.pdf

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Twenty-First Century Fox, Inc. Analyst Notes
On May 1, 2014, Twenty-First Century Fox, Inc. (21st Century Fox) announced that trading of its CHESS Depositary Interests (CDIs) on the Australian Securities Exchange (ASX) has been suspended following the Company's previously announced process of delisting from the ASX. The Company is expected to be removed from the official list of the ASX at the close of trading on May 8, 2014 Sydney, Australia time (the Delisting Date). Post the Delisting Date, all of 21st Century Fox's Class A and Class B Common Stock will be listed solely on NASDAQ. Further, as previously stated by the Company, there will be no changes to the Company's operations, employees or business as a result of the delisting from ASX. The full analyst notes on 21st Century Fox are available to download free of charge at:

http://www.analystsreview.com/2080-FOXA-06May2014.pdf

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Cardinal Health, Inc. Analyst Notes
On May 1, 2014, Cardinal Health, Inc. (Cardinal) reported its financial results for Q3 FY 2014 (period ended March 31, 2014). The Company posted 12.7% YoY decline in Q3 FY 2014 net sales to $21.4 billion, weighed down mainly by the Pharmaceutical segment. Revenues from the Pharmaceutical segment declined 14.9% YoY to $18.8 billion as a result of the impact of the expiration of the Walgreens contract. Net earnings for Q3 FY 2014 came in at $315 million, or $0.91 per diluted share, as compared to $345 million, or $1.00 per diluted share in Q3 FY 2013. The decline in earnings reflects the continuing impact of the previously announced Walgreens contract expiration. Further, the company reaffirmed its FY 14 guidance for non-GAAP diluted EPS from continuing operations of $3.75 to $3.85. The full analyst notes on Cardinal are available to download free of charge at:

http://www.analystsreview.com/2080-CAH-06May2014.pdf

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