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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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April 17, 2014
16:05 EDTCMCSAAmazon Fire TV's voice search partners with Hulu, Crackle, Showtime Anytime
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06:58 EDTCMCSANetflix, Comcast deal questioned by senator, NY Post says
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April 16, 2014
06:27 EDTCMCSANBCUniversal planning digital video push
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05:54 EDTCMCSATime Warner Cable upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded Time Warner Cable (TWC) to Outperform on expectations the merger with Comcast (CMCSA) will get approved. Wells raised the low end of its price target range for shares to $140-$160 from $132.50-$160.
April 15, 2014
07:26 EDTCMCSAReport: Comcast raised advertised basic TV rates 68% over 4 years, NY Post says
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April 14, 2014
13:19 EDTCMCSANetflix's streaming speeds on Comcast jumped, The Verge reports
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April 10, 2014
07:49 EDTCMCSALawmakers concerned over Internet share of combined Comcast-TWC, LAT says
During merger review proceedings, legislators on the Senate Judiciary Committee expressed particular concern about the 40% nationwide share of the Internet market that would be held by a combined Comcast (CMCSA) and Time Warner Cable (TWC) if the two are permitted to merge, reported The Los Angeles Times. Reference Link
07:21 EDTCMCSAHulu's head of original programming development to leave company, AdWeek says
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April 9, 2014
07:31 EDTCMCSASenate Judiciary Committee to hold a hearing
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07:28 EDTCMCSAComcast, Time Warner go before lawmakers on merger plan, Reuters says
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07:07 EDTCMCSAComcast sees ample competition to permit deal, lawmakers cautious, WSJ says
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April 8, 2014
14:36 EDTCMCSADirecTV confirms new agreement reached with Weather Channel
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14:22 EDTCMCSAWeather Channel near deal to return to DirecTV, WSJ says
DirecTV (DTV) is near a deal to return the Weather Channel to its lineup, said The Wall Street Journal, citing people familiar with the matter, one of whom said DirecTV will agree to a small increase in the fees it pays though less than the bump the Weather Channel was seeking. The Weather Channel is owned as a joint venture between Comcast's (CMCSA) NBCUniversal, Blackstone (BX) and Bain Capital. Reference Link
12:55 EDTCMCSAComcast, TWC filing reference development of Apple TV box, 9to5Mac says
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12:01 EDTCMCSAComcast says consumers would benefit from acquisition, The Hill says
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09:04 EDTCMCSAAmazon Instant Video says video streams on Prime Instant Video tripled y/y
Amazon Instant Videoannounced that video streams on Prime Instant Video nearly tripled year over year. According to a report from Qwilt, which tracks growth in online video usage, Amazon (AMZN) has now passed both Apple (AAPL) and Hulu (NWSA, DIS, CMCSA) in streaming video usage.
08:57 EDTCMCSASmall rivals to testify in Comcast, Time Warner hearing, Bloomberg says
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07:52 EDTCMCSAComcast, Time Warner execs go before critic at hearing, Reuters says
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06:59 EDTCMCSAComcast, Time Warner Cable Internet businesses to be examined, NY Times says
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