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Stock Market & Financial Investment News

News Breaks
March 10, 2014
07:24 EDTDWADreamWorks Animation upgraded at B. Riley
As previously reported, B. Riley upgraded DreamWorks to Buy from Neutral. The firm upgraded shares do to optimism on the film slate over the next 18 months and lower per film breakeven estimates. Price target raised to $37 from $32.
News For DWA From The Last 14 Days
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July 30, 2014
11:42 EDTDWADreamWorks falls after Q2 results miss, SEC probe disclosed
Shares of animated film-maker DreamWorks Animation (DWA) are tumbling after the company reported worse than expected second quarter financial results and revealed that the SEC is investigating its 2013 writedown on the movie "Turbo." WHAT'S NEW: DreamWorks Animation experienced a Q2 earnings per share loss of (18c), while analysts were expecting a loss of (2c). The company's Q2 revenue was $122.3M, which was below analysts' consensus of $137.86M. WHAT'S NOTABLE: During the company's conference call, DreamWorks said the SEC is investigating its 2013 writedown on the movie "Turbo," but noted that it is cooperating with the probe. Looking ahead, the company says that the continued performance of "How to Train Your Dragon 2" at worldwide box offices is expected to be the primary driver of its Q3 results. Significant events for Q4 include the theatrical release of the "Penguins of Madagascar " on November 26, as well as its home video/home entertainment release of both "Mr. Peabody & Sherman" and "Dragon 2." The company called 2014 an "investment year," as it is aiming to continue investing "heavily" in each of its areas of growth and expects its spending to continue during the second half and into next year. Commenting on to its Television unit, DreamWorks says it remains on track to debut 3 new series in the second half of the year and 7 new series in 2015. The company continues to expect that its 2015 television revenue will exceed $250M and that its profit margin for this segment will approach 30% as it ramp up production and delivery. ANALYST OPINION: Piper Jaffray analyst James Marsh is maintaining his Neutral rating on the shares as he expects the stock to continue to trade "sideways" until better perspective on the company's diversification efforts become evident. Marsh said he expects DreamWorks' investment spending and the SEC probe into the company's "Turbo" writedown will pressure shares. He said that he isn't certain about the nature of the investigation beyond the few remarks from management on the company's call, but based on what he knows at the moment, Marsh said that he doesn't see any big issues stemming from the probe. PRICE ACTION: During late-morning trading, shares of DreamWorks fell $3.15, or 14%, to $19.51.
09:04 EDTDWAOn The Fly: Pre-market Movers
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06:16 EDTDWAOptions expected to be active: TWTR BWLD AXP DWA PNRA AMGN X FB
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06:10 EDTDWADreamWorks Animation investments, SEC to pressure shares, says Piper Jaffray
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July 29, 2014
17:23 EDTDWADreamWorks Animation says SEC investigating 'Turbo' writedown
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16:20 EDTDWADreamWorks Animation reports Q2 EPS (18c), consensus (2c)
Reports Q2 revenue $122.3M, consensus $137.86M.
10:00 EDTDWAOn The Fly: Analyst Initiation Summary
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08:52 EDTDWADreamWorks Animation initiated with a Market Perform at FBR Capital
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07:36 EDTDWADreamWorks Animation August volatility elevated into Q2 and revenue outlook
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July 28, 2014
17:42 EDTDWADreamWorks Animation names Mark Zoradi as COO
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July 21, 2014
10:33 EDTDWADreamWorks Animation downgraded to Hold from Buy at Ascendiant

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