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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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December 17, 2014
11:09 EDTCMCSAFormer Hulu CEO gears up to launch Vessel, Re/code reports
Former Hulu CEO Jason Kilar is getting ready to launch a web video service called Vessel, which utilizes YouTube stars, Re/code reports. Reference Link
December 16, 2014
08:29 EDTCMCSAComcast to launch online live stream of NBC, WSJ reports
Comcast's (CMCSA) NBC is launching a live stream of its broadcast network online today and plans for it to be available on mobile platforms early next year, but NBC does not plan to sell a separate online version without requiring a pay-TV subscription, unlike peers CBS (CBS) and Time Warner’s (TWX) HBO, said The Wall Street Journal. Reference Link
06:46 EDTCMCSAComcast to allow Roku users to stream premium channels, Re/code says
Comcast reached a deal with set-top box company Roku that should allow its users to stream HBO and Showtime by authenticating subscriptions to their respective apps, reports Re/code.Reference Link
December 15, 2014
08:34 EDTCMCSANexstar announces long-term affiliation agreement with NBC Television Network
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December 11, 2014
06:24 EDTCMCSADISH plans to leave broadcast channels out of basic online TV package, WSJ says
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December 9, 2014
15:03 EDTCMCSADiscovery Communications rises after CEO sees outperforming U.S. peers
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11:11 EDTCMCSADiscovery, Hulu announce new distribution agreement
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06:48 EDTCMCSAAnalysts say Netflix undermining TV ad revenue, NY Times reports
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06:25 EDTCMCSAComcast, USA Network trialing 'Playing House' on-demand , WSJ reports
Comcast (CMCSA) is planning to make new episodes of the sitcom "Playing House" available first on its on-demand service and air them on the USA Network the following week, The Wall Street Journal reports. Reference Link
December 8, 2014
14:36 EDTCMCSATime Warner Cable CEO reports strong trends in October, November, says UBS
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