Expansions, Revenues, Acquisitions Briefing for Today's Leading Market Movers: One2One Living, Groupon, Finisar, Live Nation, DG
by PR Newswire
CORAL SPRINGS, Florida, August 8, 2013 /PRNewswire/ --
FinancialNewsMedia.com issues news updates for today's leading companies in the Technology/Internet/Entertainment industries: One2One Living Corp. (OTCQB: LOVI), Facebook, Inc. (NASDAQ: FB), Groupon, Inc. (NASDAQ: GRPN), Finisar Corporation (NASDAQ: FNSR), Live Nation Entertainment (NYSE: LYV) and DG(R) (NASDAQ: DGIT)
One2One Living Corp. (OTCQB: LOVI) Headline: Journey, Depeche Mode, Alicia Keys, John Mayer and the Biggest Names in Entertainment to Go One2One With Single Fans. One2One.com Launches Novel Feature to Allow Singles Socialize at Events of Choice and Businesses Reach Their Customers. One2One Living Corp. announces that One2One.com, the premier online meeting place and social network for singles, has completed agreements to offer events including concerts for artists from all major music labels, including Sony BMG, Universal, a Comcast Company (NASDAQ: CMCSA) and Warner Bros. (NYSE: TWX). Through these agreements single fans of live entertainment - will also gain access to Ticketmaster's offerings, thereby making One2one.com the definitive destination for single men and women to meet and access the maximum selection of local event choices. Included in the events available through One2One's agreement are concerts from renowned artists such as Journey, Depeche Mode, Alicia Keys, John Mayer and the Biggest Names in Entertainment. Additionally, One2One will have access to a bustling itinerary of events that will include music concerts, comedy shows, film festivals, wine and food tasting events, workshops, literary meets, fundraising events, museum tours, cultural shows, and a host of other specialized events to attract upscale and professional singles with high discretionary income and interest in diverse subjects. Singles can now find others to engage in events ranging from political meetups, church events, outdoor activities, performing arts to health/fitness and even business tradeshows; making every event a dating opportunity.
To read the entire press release, please go to http://finance.yahoo.com/q/h?s=LOVI+Headlines
Earlier this week LOVI announced it had entered into agreement with a major social media application developer to acquire several of its popular digital properties. Included in the purchase is a social gifting application that allows users to post personalized virtual gifts, photocards and greetings on friends' Facebook (NASDAQ: FB) walls on their birthdays. The app already includes over 1 Million Users. Read the full press release about the recent acquistion for LOVI at http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=300
Groupon, Inc. (NASDAQ: GRPN) announced financial results for the quarter ended June 30, 2013. "We significantly exceeded our operating income expectations, and delivered our strongest quarter ever in North America, due in part to accelerated billings growth of 30%," said Eric Lefkofsky, CEO of Groupon. Gross billings, which reflect the total dollar value of customer purchases of goods and services, excluding any applicable taxes and net of estimated refunds, increased 10% globally to $1.41 billion in the second quarter 2013, compared with $1.29 billion in the second quarter 2012. North America growth of 30% and EMEA growth of 4% was offset by a 21% decline in Rest of World. Read the entire 2nd Quarter Results at http://finance.yahoo.com/news/groupon-announces-second-quarter-2013-200100007.html
Finisar Corporation (NASDAQ: FNSR) today announced that, on the basis of preliminary financial results, the Company expects to report revenues of approximately $266 million for its first fiscal quarter, ended July 28, 2013, compared to guidance of $245 to $260 million that the Company provided early in the first quarter. The revenue results are preliminary and subject to adjustment. However, in the absence of material adjustment, first quarter revenues will set a new record for the Company and will be the fourth consecutive quarter of sequential revenue growth. The growth in revenue came primarily from increased sales of 10G, 40G and 100G Ethernet transceivers for datacom applications. Approximately $2 million of the revenue growth over the prior quarter was from products for telecom applications. As a result of these higher than expected revenues, a favorable product mix and increased operating leverage, the Company expects non-GAAP gross margin to be 34.5% to 35%. This exceeds the previous guidance of approximately 33%. Non-GAAP earnings per share are expected to be $0.30 to $0.31 for the quarter, exceeding the previously estimated range of $0.22 to $0.26. A complete assessment of cost of revenues and operating expenses is not yet available but, results under GAAP are expected to include additional non-cash and infrequently occurring charges. Read the entire release at http://finance.yahoo.com/news/finisar-announces-preliminary-first-quarter-210327758.html
Live Nation Entertainment (NYSE: LYV) released financial results for the three and six months ended June 30, 2013. "We saw continued strong consumer demand for the live business over the past quarter, and further accelerated our top line growth by continuing to build share in our concerts and ticketing businesses. As a result, we are well on our way to achieving our 2013 goals with strong performance across our core business segments with revenue growth of 8% in the second quarter as compared to last year. The positive trend in our concert ticket sales from the beginning of the year has continued with concert attendance up 8% for the quarter," said Michael Rapino, President and Chief Executive Officer of Live Nation Entertainment. "Sponsorship & Advertising delivered a 16% increase in revenue during the second quarter driven by new sponsors and improved online activity and Ticketmaster revenue was up 3% with 2% higher ticket volume. We strongly believe that the strategies and investments we are implementing today position the company for long-term growth and delivery of our three-year plan." Read the entire 2nd Quarter Results at http://finance.yahoo.com/news/live-nation-entertainment-reports-second-201600688.html
DG(R) (NASDAQ: DGIT), the world's leading multiscreen ad management company, today reported financial results for the second quarter of 2013. Consolidated revenues for the three months ended June 30, 2013 were unchanged at $96.3 million compared to the same period of 2012. DG's second quarter income from continuing operations was $2.6 million, or $0.09 per diluted share, compared to income from continuing operations of $0.5 million, or $0.02 per diluted share in the prior year period. Second quarter adjusted EBITDA was $31.1 million, compared to $30.4 million reported in the second quarter of 2012. "We continue to make solid progress in our online business as demand builds for our digital campaign management platform," said Neil Nguyen, CEO of DG. "The 19% increase in our online business this quarter reflects customers' growing use of video, data driven campaign optimization and greater campaign insights through our new analytics tools. It is clear to me that DG's ongoing development is fully aligned with our customers in helping them reach, optimize, analyze and deliver their online campaigns around the globe." Read the entire 2nd Quarter Results at http://finance.yahoo.com/news/dg-reports-second-quarter-2013-205447850.html.
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