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Stock Market & Financial Investment News

News Breaks
February 12, 2013
13:15 EDTCMCSAEarnings Preview: Comcast sits just off all-time highs ahead of Q4 report
Comcast (CMCSA) is set to report Q4 earnings before the market opens on Wednesday, February 13, with a conference call scheduled for 8:30 am ET. Comcast is a provider of entertainment, information, and communications products that operates the NBC family of networks, Universal Pictures and provides cable, internet, and voice services... EXPECTATIONS: Analysts are looking for EPS of 53c on revenue of $16B, according to First Call. The consensus range for EPS is 46c-57c on revenue of $15.64B-$16.88B... LAST QUARTER: Comcast reported Q3 EPS ex-items of 46c, against estimates for 46c, on revenue of $16.5B, against estimates for $16.08B. Last month, the company announced that NBC was the most viewed network in primetime among ABC (DIS), CBS (CBS), Fox (NWSA) and NBC for the 15-week period ended January 6, with an average 3.1 rating. Earlier today, Comcast and News Corp announced an agreement for a new distribution pact to bring Fox content to Comcast Xfinity TV customers across a variety of devices... STREET RESEARCH: Wall Street research has been fairly quiet on Comcast since its Q3 report. Maxim raised its price target on shares to $46 from $41 on the day after the company's Q3 report. In a note to investors this morning, Brean Capital said that Comcast remains the firm's favorite cable stock, with the firm maintaining a Buy rating and $45 price target on shares. Brean said Comcast is the only multiple system operator currently positioned to generate margin expansion and higher capital returns in 2013 than it did in 2012, adding that Comcast could sustain this outperformance beyond 2013 if their transition to a TV Everywhere model is managed correctly... PRICE ACTION: Shares of Comcast have gained more than $2.25, or 6.4%, since the first day of trading following the company's Q3 report. Shares of Comcast are nearly unchanged at $38.72 in afternoon trading ahead of tomorrow's Q4 report.
News For CMCSA From The Last 14 Days
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February 24, 2015
08:58 EDTCMCSAComcast sees 2015 program expenses similar to levels of 2014
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08:41 EDTCMCSAComcast confirms support for free and open Internet
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08:12 EDTCMCSAComcast reports Q4 Cable Communications revenue $10.66B
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07:05 EDTCMCSAComcast reports Q4 customer relationships increased 178,000
Consolidated Operating Cash Flow increased 4.1% to $5.9B. Excluding $99M of Time Warner Cable (TWC) and Charter (CHTR) transaction-related costs in Q4, consolidated operating cash flow increased 5.9%. Consolidated Operating Income increased 3.8% to $3.8B. Free Cash Flow increased 18.0% to $1.7B in Q4 compared to $1.4B in the fourth quarter of 2013, reflecting improvements in working capital and growth in consolidated operating cash flow, partially offset by increased capital expenditures and cash taxes on operating items. Customer relationships increased by 178,000 to 27.0 million during the fourth quarter of 2014, a 47% improvement compared to an increase of 121,000 in the fourth quarter of 2013. At the end of the fourth quarter, our triple product customers increased to 37% of total customer relationships compared to 35% in the fourth quarter of 2013. In addition, video, high-speed Internet and voice customers increased in the fourth quarter of 2014.
07:02 EDTCMCSAComcast increases dividend, share repurchases
Comcast Corporation (CMCSA) announced that it increased its dividend by 11.1% to $1.00 per share on an annualized basis. In accordance with the increase, the Board of Directors declared a quarterly cash dividend of 25c a share on the company’s common stock, payable on April 22 to shareholders of record as of the close of business on April 1.In addition, Comcast announced that its Board of Directors has increased its stock repurchase program authorization to $10B. At this time, Comcast plans to repurchase $4.25B during 2015, subject to market conditions. Additional stock repurchases will be determined after the closing of the Time Warner Cable (TWC) merger and the subsequent divestiture transactions.
07:02 EDTCMCSAComcast reports Q4 adjusted EPS 77c, consensus 78c
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February 23, 2015
18:20 EDTCMCSAComcast, Time Warner Cable face $20B racial discrimination suit, Reuters reports
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15:23 EDTCMCSANotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 78c... Home Depot (HD), consensus 89c... American Tower (AMT), consensus 51c... Ecolab (ECL), consensus $1.20... Macy's (M), consensus $2.40... Pall Corp. (PLL), consensus 87c... Windstream (WIN), consensus 3c.
15:10 EDTCMCSAComcast $CMCSA Feb weekly 58 straddle priced for 2.7% movement into Q4
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08:33 EDTCMCSA'Fifty Shades' ticket sales retain top spot at box office, Reuters says
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07:38 EDTCMCSAComcast, AT&T deals could be delayed by document access case, WSJ says
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February 20, 2015
12:02 EDTCMCSAComcast management to meet with Jefferies
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07:18 EDTCMCSAComcast volatility elevated into Q4 and outlook
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06:49 EDTCMCSAMSNBC cancels two talk shows, Politico says
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February 19, 2015
07:30 EDTCMCSANBC 'Nightly News' sees drop in ratings post-Brian Williams, WSJ says
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February 18, 2015
07:13 EDTCMCSANational Association of Regulatory Utility Commission to hold a meeting
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06:33 EDTCMCSAJAKKS Pacific signs licensing agreement for Universal Pictures franchise
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February 17, 2015
12:56 EDTCMCSADecline of TV viewing accelerated, NY Post reports
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07:15 EDTCMCSA'Fifty Shades' opens to $94.4M, WSJ says
Comcast (CMCSA, CMCSK) subsidiary Universal's "Fifty Shades of Grey" earned roughly $94.4M in its opening weekend, reports the Wall Street Journal. The film earned an additional $172M overseas. Fox' (FOX, FOX.A) "Kingsman: The Secret Service" debuted in second place with $42M, and Viacom (VIA, VIA.B) subsidiary Paramount's "SpongeBob SquarePants: Sponge Out of Water" took $40M in its second week. Reference Link
February 16, 2015
19:13 EDTCMCSALiberty Global may become takeover target, NY Times says
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