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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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January 23, 2015
08:12 EDTCMCSAComcast lobbyists challenged by dual fights in Washington, WSJ says
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January 21, 2015
08:31 EDTCMCSAAT&T CEO says net neutrality may end up in Supreme Court, CNBC says
AT&T (T) Chairman and CEO Randall Stephenson believes the net neutrality debate may have to be settled by the Supreme Court, reports CNBC, citing a CNBC interview on Wednesday from the World Economic Forum in Davos. Stephenson stated, "We need a neutral Internet... I think everyone agrees with that. Where everyone is getting stuck now is going beyond that." Stephenson also stated the neutrality debate will not affect his company's decision to bid $49B for DirecTV (DTV), though he believes a quick decision from the FCC could quicken Comcast's (CMCSA, CMCSK) $45B negotiations for Time Warner Cable (TWC). Reference Link
06:17 EDTCMCSAOverstock to introduce streaming-video service later this year, WSJ reports
Overstock.com (OSTK) is planning to launch a streaming-video service later this year, CEO Patrick Byrne announced at the National Association of Television Program Executives conference, The Wall Street Journal reports. Overstock would compete in the space with Amazon (AMZN), Hulu (DIS, CMCSA, CMCSK, FOXA), Netflix (NFLX), and Time Warner's (TWX) HBO is also planning a standalone online streaming service that will launch this year. The new Overstock service would be tied to the company's $20-per-year Club O membership program and will launch with about 30,000 titles. Reference Link
January 20, 2015
17:46 EDTCMCSANetflix says 'looking good' to reach 60M-90M U.S. subscriptions
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14:00 EDTCMCSAFCC fines Viacom, ESPN $1.4M after brodcasting EAS tones to promote movie
The Federal Communications Commission fined Viacom (VIA) and ESPN (DIS) $1.4M for misusing the Emergency Alert System warning tones. The cable networks transmitted EAS warning tones for several days in 2013 to promote the movie “Olympus Has Fallen,” which portrayed a terrorist attack on Washington, D.C. Broadcast or transmission of these tones outside an emergency or test violates the FCC’s laws protecting the integrity of the system. The networks admitted that the commercial contained actual EAS codes and appeared multiple times on the networks. In March 2014, the FCC proposed a total fine of $1,930,000 against NBCUniversal (CMCSA), ESPN, and Viacom. NBCUniversal paid its $530,000 fine, but ESPN and Viacom objected and requested reductions. The FCC rejected their arguments and imposed fines of $1,120,000 against Viacom and $280,000 against ESPN. The fines, which differ based on several factors including the number of channels involved and the number of transmissions on each channel, must be paid in 30 days.
January 16, 2015
18:07 EDTCMCSACongressional GOP unveil net neutrality law to bypass FCC, LA Times reports
Representatives Fred Upton of Michigan and John Thune of South Dakota endorsed a congressional bill that would protect net-neutrality by banning internet service providers from charging companies extra to load their sites, and prohibit broadband companies from blocking legitimate websites, or slowing speeds for customers, superseding the FCC's authority to regulate the internet, according to the LA Times. Major internet companies such as AT&T (T) , Comcast (CMCSA), and Verizon Communications (VZ) have opposed a recent recommendation by FCC Chairman Thomas Wheeler to treat internet service similar to a utility. Reference Link
09:09 EDTCMCSAYouTube to host Super Bowl halftime show
YouTube will host a Halftime Show produced in collaboration with Collective Digital Studio that will be live streamed on the AdBlitz Channel, the Google (GOOG, GOOGL) property announced in a blog post. The show will feature more than 20 YouTube creators and musicians with over 60M combined subscribers, YouTube stated. The Super Bowl is being broadcast on Sunday, Feb. 1 on Comcast's (CMCSA) NBC Network. Reference Link
January 12, 2015
15:49 EDTCMCSAGaiam partners with Comcast to launch Gaiam TV Fit & Yoga
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