NEW YORK, December 17, 2014 /PRNewswire/ --
Moments ago, Realtime Equities released new analyst updates
concerning several important developing situations including
Constellium (NYSE: CSTM), Corning (NYSE: GLW), Covanta Holding
(NYSE: CVA), Culp (NYSE: CFI), and CVR Partners (NYSE: UAN).
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rigorous compliance procedures. The full research reports are being
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To access our full PDF reports on a complementary basis,
please visit the links at the bottom.
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Analyst Update: Pricing of
Offering,Product Deployment, Commencement
of Operation, and Quarterly Results
Reviewed by: Rohit Tuli,
CFA®
The US stock market on Tuesday witnessed its most volatile
session since mid-October. Markets ended on a negative note amid
slumping oil prices and growing chaos in Russia, represented by a massive decline of
the ruble. The NASDAQ Composite edged 1.24% lower, the Dow Jones
Industrial Average declined 0.65% and the S&P 500 fell 0.85%. A
global emerging -market selloff which started on Monday, further
pressurized Asia and the Asian
stock market on Tuesday, which ended the day in red. On the other
hand, the European Markets on December 16,
2014 closed on a positive note led by a surge in energy
shares. Further, positive data from a German analyst, an
investor sentiment ZEW survey and a fund manager survey from Bank
of America Merrill Lynch helped sustain the investor sentiment in
the European Market.
Constellium NV (Constellium) has priced a private offering of
$400 million of U.S. dollar
denominated senior notes due 2023 and €240 million of euro
denominated senior notes due 2023. Both the notes will pay interest
semi-annually in arrears. U.S. Dollar Notes will bear interest at a
rate of 8.00% per annum, while the Euro Notes will bear interest at
a rate of 7.00% per annum.
Samsung has selected Corning Incorporated's (Corning) 0.4 mm
thick Corning Gorilla Glass 4 as the discrete touch cover glass to
be used in their sleekest smartphone ever - the Galaxy ALPHA.
Gorilla Glass 4 is the Company's most damage-resistant cover glass
to date that markedly improves protection against cover glass
damage during device drops.
Covanta Holding Corp. (Covanta Holding) has assumed operations
of the Pinellas County Resource Recovery Facility located in
St. Petersburg, Florida. Covanta
Holding was selected to operate the facility for a 10-year term
following a competitive procurement process.
Culp, Inc. (Culp) reported strong second quarter fiscal 2015
financial results as top line witnessed improvement, led by 6.7%
YoY growth in mattress fabric sales and 2.3% YoY growth in
upholstery fabric sales. The Company also provided guidance for
third quarter and full-year fiscal 2015.
CVR Partners LP (CVR Partners) reported weak third quarter 2014
financial results as bottom line witnessed a decline of 35.5% YoY,
while top line also fell during the quarter. Operating income for
the quarter reduced 32.4% YoY to $14.4
million.
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Today's update concerns the following companies:
============
Full PDF Download Links (you may have to copy and paste the
following links into your browser):
CSTM Research Report: (
http://get.realtimeequities.com/pdf/?c=Constellium&d=17-Dec-2014&s=CSTM
),
GLW Research Report: (
http://get.realtimeequities.com/pdf/?c=Corning&d=17-Dec-2014&s=GLW
),
CVA Research Report: (
http://get.realtimeequities.com/pdf/?c=Covanta%20Holding&d=17-Dec-2014&s=CVA),
CFI Research Report:
(http://get.realtimeequities.com/pdf/?c=Culp&d=17-Dec-2014&s=CFI
),
UAN Research Report: (
http://get.realtimeequities.com/pdf/?c=CVR%20Partners&d=17-Dec-2014&s=UAN
).
============
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independent source and our views do not reflect the companies
mentioned.
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