First Data Corporation (FDC) Quick Analysis after News And Be A Foil For Remark (MARK), STORE Capital (STOR)


First Data Corporation (NYSE:FDC) taking place in active move after fell down to knees -2.14% to the trading price of $15.97 in latest session.

First Data Corporation (NYSE:FDC) disclosed that it financial results for the fourth quarter and full year ended December 31, 2017. Consolidated revenue for the fourth quarter was $3,150 million, up 7% versus the prior year period. Total segment revenue was $1,949 million for the quarter, up 7% versus the prior year period, or up 4% on an organic constant currency basis.

Net income attributable to First Data for the fourth quarter of 2017 was $948 million, or $1.00 per diluted share, up significantly from $192 million, or $0.21 per diluted share, in the fourth quarter of 2016. The increase was primarily driven by significant discrete tax items in the current period, described below in “Income Tax (Benefit) / Expense”, improved operating results and lower interest expense.

Adjusted net income, which modifies net income attributable to First Data for items such as debt extinguishment charges, stock-based compensation, amortization of acquisition intangibles, restructuring costs, discrete tax items and other items, was $416 million, or $0.44 per diluted share, up 14% and 13%, respectively, from fourth quarter of 2016, primarily driven by improved operating results and lower interest expense.

“The fourth quarter capped a solid year of performance for First Data as we executed across all aspects of our strategy and delivered financial results that met our guidance,” said First Data Chairman and CEO Frank Bisignano. “We generated growth, invested in innovation and strategic M&A to further enhance our industry-leading products and services, and generated substantial cash flow, while maintaining our focus on expense management. As we enter 2018, we are well positioned as a technology leader with the right capabilities to help our customers grow their business and generate solid revenue growth and cash flow for our shareholders,” Bisignano added.

Its 52-week range quite noticeable, lower range was $9.07% and hit highest level of $-16.80%. The overall volume in the last trading session was 57147 shares. The firm shares 50 day moving average were calculated -5.63%. The firm’s institutional ownership remained 98.90% while insider ownership included 3.20%.

Remark Holdings, Inc. (NASDAQ:MARK) trade at $7.55 by decreased -3.21% in most recent trading session with share volume of 78631. Remark Holdings, Inc. (NASDAQ:MARK) released that the successful completion in early February of the first project for Charoen Pokphand Group since the company’s investment in Remark Holdings. Remark’s KanKan team worked closely with a team from within CP Group and built a state-of-the-art “war room” system in the Office of CP Group’s Chairman in Shanghai. The system performs several functions, including real-time social and business Big Data analysis and presentation, facial recognition for management of employees and VIP guests, free-chat voice commanding (in Chinese and in English) and three-dimensional holographic commanding.

“We have been working with many Fortune 500 technology companies for more than two years, and they couldn’t complete this war room system as we requested,” stated Mr. AthikomAsvanund, the Chief Executive Officer of CP Crystal Wealth, who is also a Senior Executive Assistant to the CP Group Chairman. “Remark’s KanKan team completed the system from scratch in less than three months. Although I have witnessed many of their new AI research projects in Chengdu, seeing a real and practical AI-based working application built in front of my eyes was most impressive. We are confident and strong supporters of KanKan’s AI platform because of its ability to be applied to a wide variety of industries. We plan to work with Remark Holdings to bring AI technologies to our company’s many businesses in Asia, including those in finance, retail, consumer products, agriculture and other areas.”

“We continue to develop products and services based on our KanKan AI platform which break new ground,” said Kai-Shing Tao, Chairman and CEO of Remark Holdings. “We are happy that we have successfully kicked off what we believe will be a long and mutually-beneficial relationship with one of the world’s largest private business conglomerates.”

The share is moved forward to its percent change from 52-week low of 290.16% and hanging back from its percent change from 52-week high of -50.13%. Shares price moved down from its 50 days moving average with -24.83% and remote positively from 200 days moving average with 50.05%.

Shares of STORE Capital Corporation (NYSE:STOR) held volume of 15457 shares as compare to its average volume of 1377.79 shares. STORE Capital Corporation (NYSE:STOR) released that it has expanded its unsecured revolving credit facility from $500 million to $600 million and the accordion feature from $300 million to $800 million for a total maximum borrowing capacity of $1.4 billion. The credit facility matures in February 2022 and includes two six-month extension options, subject to certain conditions.

Effective February 9, 2018, the Company entered into an amended and restated credit agreement with certain banks and other lenders, including KeyBank National Association, as administrative agent, KeyBanc Capital Markets Inc. and Wells Fargo Securities, LLC as joint lead arrangers and joint bookrunners, and Wells Fargo Bank, National Association, as syndication agent.

“This expanded credit facility is a great show of support from our lending partners and adds meaningfully to our financial flexibility and liquidity,” said Chris Volk, President and Chief Executive Officer of STORE Capital. “The increased borrowing capacity enables us to continue to meet the strong demand for our flexible financing solutions, builds on our own continued flexibility, and puts us in a good position to address our pipeline of investment opportunities.”

STOR had a trade volume of 15457 shares as compared to average trading capacity of 1377.79 shares. The firm has price to sales ratio of 10.22 and its price to book per share was 1.44. Similarly eased down performance for the quarter recorded as -9.64% and for the year was -5.22%, while the YTD performance remained at -9.98%.


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