Sirius XM Holdings Inc. (NASDAQ:SIRI) [Detail Analytic Report] slightly down 0.38% during Wednesday as it declared that it will offer listeners nationwide comprehensive coverage of the Kentucky Derby, the first jewel of thoroughbred racing’s 2016 Triple Crown, from Churchill Downs, this Saturday, May 7. SiriusXM and Horse Racing Radio Network (HRRN) recently extended their broadcasting agreement, keeping all Triple Crown races Kentucky Derby, Preakness Stakes and Belmont Stakes – as well as the Breeders’ Cup World Championships, on SiriusXM through 2018. The wire-to-wire race broadcasts for each are provided by NBC Sports Radio and produced in partnership with HRRN and Westwood One.
On Saturday, May 7, SiriusXM will air more than 11 hours of programming originating from Churchill Downs that will provide listeners with day-of news and pre-race analysis, and interviews with jockeys, trainers and owners. On site coverage begins at 8:00 am ET and airs on SiriusXM Rush, channel 93 on satellite radios and on the SiriusXM app.
Pandora Media, Inc. (NYSE:P) [Detail Analytic Report] released that firm’s President & CFO, Mike Herring, will present at the SunTrust 2016 Internet & Digital Media Conference. Mr. Herring will present at the SunTrust 2016 Internet & Digital Media Conference on Tuesday, May 10, 2016 at 1:25 p.m. PT / 4:25 p.m. ET in San Francisco, CA.
Noting a main crunch of analyst research by WSJ, P under observation of quarterly per share earnings, it has second quarter 2016 trend of $-0.15, while in next quarter estimated EPS trend is $-0.05 and for annual basis for 2016 estimated EPS is $-0.45. Relatively pool of WSJ analyst issues diverse rating, as for current level it has 15 experts rated as “BUY” security, 1 analyst recommend as “Overweight,” and 20 experts rated as “Hold”.
Avis Budget Group, Inc. (NASDAQ:CAR) [Detail Analytic Report] released that its results for its Q1 ended March 31, 2016. For the quarter, firm released revenue of $1.9B and Adjusted EBITDA of $44 million. The Company reported an adjusted net loss of $27 million, or $0.28 per share, in the seasonally slower first quarter. The Company’s GAAP net loss was $51 million, or $0.53 per share. Avis Budget Group Chief Executive Officer, Larry De Shon stated that their Q1 results reflect modest demand growth and unusually soft pricing in the Americas. In this environment, they managed their costs and fleet levels carefully.
Pricing has already started to turn the corner, and they expect to see progressive improvement in both their pricing metrics and their earnings comparisons over the course of year. Revenue declined 1% primarily due to lower pricing, partially offset by a 3% increase in volume. Pricing declined 5% in constant currency and on a reported basis. Per-unit fleet costs increased 6% to $312 per month.