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News Breaks
June 25, 2014
11:28 EDTAMZN, BKSBarnes & Noble soars after agreeing to split retail, Nook businesses
Shares of bookseller Barnes & Noble (BKS) surged after the company reported better than anticipated fourth quarter revenue and announced that its board authorized management to separate its Retail and Nook Media divisions. WHAT'S NEW: The book retailer announced that its board authorized company management to take steps to separate the Barnes & Noble Retail and NOOK Media businesses into two separate public companies and it expects to complete the separation by the end of Q1 of next calendar year. In terms of the separation of the divisions, the company said, "We have determined that these businesses will have the best chance of optimizing shareholder value if they are capitalized and operated separately. We fully expect that our Retail and NOOK Media businesses will continue to have long-term, successful business relationships with each other after separation.” Barnes & Noble experienced a loss per share of (72c) in Q4, which was a steeper loss than analyst's expectations for (49c) per share. The company's Q4 revenue of $1.32B beat analyst's consensus forecast of $1.19B. The bookseller reported that its retail same-store-sales in the quarter were down 4.1%. Excluding the effect of February's harsh winter weather, Q4 "Core" SSS decreased 0.5%, which was in-line with previously reported Q3 results, B&N noted. NOOK device and accessories sales were $25M for Q4 and $260M for FY14, declining 30.1% and 44.8%, respectively, due to lower selling volume and lower average selling prices. Barnes & Noble sees FY15 College same-store-sales, Retail comparable bookstore sales and "Core" comparable bookstore sales to be down in the low-single digits. WHAT'S NOTABLE: During the company's earnings conference call, Barnes & Noble said it does not plan to open any retail bookstores in FY15 and it does not intend to further discuss details of the separation of its Retail and Nook Media divisions at this time. Still, the company says that it is "encouraged" by core business trends. Barnes & Noble is expecting FY15 capital expenditures of $140M. The company noted that it has "clearly seen an uptick" in sales of Hachette books due to the Amazon (AMZN) fight. PRICE ACTION: During late-morning trading, shares of Barnes & Noble were up $1.24 or 6%, to $21.80.
News For BKS;AMZN From The Last 14 Days
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March 25, 2015
06:02 EDTAMZNYouTube to relaunch livestreaming platform, Daily Dot says
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March 24, 2015
14:04 EDTAMZNAmazon says permission for drone testing given to outdated aircraft, WSJ says
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10:40 EDTAMZNOptions with increasing implied volatility
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10:32 EDTAMZNOptions with increasing implied volatility
Options with increasing implied volatility: MAC CMG HLSS PSEC ISRG AMZN CREE
10:14 EDTAMZNSenate Commerce, Science & Transportation Committee holds a hearing
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07:31 EDTAMZNAmazon.com outlook still positive, says RBC Capital
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05:51 EDTAMZNAmazon same-hour delivery expansion encouraging, says Piper Jaffray
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05:46 EDTAMZNStocks with implied volatility movement; AMZN MNKD
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March 23, 2015
16:01 EDTAMZNOptions Update; March 23, 2015
iPath S&P 500 VIX Short-Term Futures down 48c to 25.24 Option volume leaders: AAPL TSLA TWTR GILD CELG FB TSLA AMZN TEVA PBR according to Track Data.
16:00 EDTAMZNAmazon adds Pandora-like stations to Prime Music app, The Verge reports
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09:11 EDTAMZNAmazon 'Unlocked' to give away paid apps, TechCrunch says
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08:53 EDTAMZNAmazon VP and General Manager of Payments departs, TechCrunch says
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08:13 EDTAMZNPendrell unit: Court rejects attempts to limit scope of DRM patents
ContentGuard Holdings, a subsidiary of Pendrell Corporation (PCO), announced that on Friday, March 20, Judge J. Rodney Gilstrap of the U.S. District Court for the Eastern District of Texas issued a 144 page Claim Construction Order in lawsuits ContentGuard filed against several companies who continue to use its patented Digital Rights Management solutions without a license, including Apple (AAPL), Amazon.com (AMZN), DirecTV (DTV), Google (GOOG), HTC, Huawei, Motorola Mobility and Samsung Electronics (SSNLF). In his order, Judge Gilstrap interpreted the language in ContentGuard’s patents in a manner that fully preserves the breadth of ContentGuard’s patented Digital Rights Management technologies. These technologies were developed to enable the distribution of digital media over the Internet and other networks, including cellular and satellite networks, and provide innovative solutions to problems that were once thought to be unsolvable. “We are very pleased with the Court’s ruling,” commented James Baker, ContentGuard’s Vice President for Licensing and Strategic Development. “We believe these claim constructions demonstrate that the online stores defendants provide for buying and renting DRM-protected movies, videos, books, and music and devices that play, run, display or print this DRM-protected content infringe ContentGuard’s pioneering DRM patents.”
05:55 EDTAMZNStocks with implied volatility movement; AMZN CELG
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March 20, 2015
09:45 EDTAMZNActive equity options trading on open
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March 19, 2015
16:31 EDTAMZNAmazon Logistics UAS gets experimental airworthiness certificate
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05:53 EDTAMZNAmazon plans to shut down Shopify rival Amazon Webstore, Re/code reports
Amazon is planning to shut down Amazon Webstore, its competitor to Shopify and Bigcommerce, Re/code reports, citing sources. The company will allow its Webstore customers over a year to find a new vendor before the service is fully shut down, the sources say. Reference Link
05:30 EDTAMZNAmazon.com expands Prime Now delivery to Baltimore and Miami
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