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Stock Market & Financial Investment News

News Breaks
May 21, 2014
07:14 EDTT, DISH, TMUS, DTV, SDish still has promising M&A possibilities, WSJ reports
According to the Wall Street Journal's "Heard on the Street," Dish Network (DISH) still has plenty of promising possibilities for M&A, including merging with Sprint (S) or T-Mobile US (TMUS). Reference Link
News For DISH;S;TMUS;T;DTV From The Last 14 Days
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May 12, 2015
11:38 EDTTLivePerson sinks to 52-week low after cutting fiscal 2015 outlook
Shares of LivePerson (LPSN), a provider of cloud-based digital engagement solutions, are sinking after the firm lowered its outlook for fiscal 2015. WHAT'S NEW: LivePerson yesterday reported first quarter adjusted earnings per share of 4c, in line with analysts' consensus estimates, on revenue of $59.8M, slightly below analysts' consensus estimates of $60.79M. LivePerson said it signed 147 deals in the quarter, including the addition of 30 new customers. Looking ahead to the second quarter, LivePerson forecast adjusted EPS of 0c-2c and revenue of $58.5M-$59.5M, well below the analysts' consensus estimates of 6c and $63.88M, respectively. WHAT'S NOTABLE: The company lowered its fiscal year 2015 adjusted EPS view to 10c-15c from 27c-32c, significantly trailing analysts' consensus estimates of 28c. LivePerson also cut its FY15 revenue outlook to $243M-$247M from $263M-$269M, also well below analysts' estimates of $264.36M. The company reduced reduced FY15 revenue guidance by $21M when comparing the midpoint of its updated guidance range to the midpoint of its previous guidance range. The adjustment reflects the impact of one large customer contract that ended, an increase in foreign exchange headwinds and a slightly slower start to the year than expected as the company intensified its focus on bringing LiveEngage to the market, the company said. LivePerson said it expects to record a $2.5M charge in Q2 related to cost-cutting move, which it described as "reprioritizing on areas showing the highest potential growth." The company believes its cost-savings initiatives will generate approximately $13M of expense savings in 2015. ANALYST REACTION: Credit Suisse this morning downgraded LivePerson to Neutral from Outperform and lowered its price target to $8 from $19. The firm said LivePerson was "forced" to lower revenue guidance for FY15 primarily due to the loss of AT&T (T) as a pay-for-performance chat customer, as well as from a slow sales start and FX. The firm said the ability of LivePerson to transition its large customer base to LiveEngage 2.0 will take longer than previously estimated. PRICE ACTION: In late morning trading, LivePerson fell $1.16, or 12.26%, to $8.30 on more than five times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $8.10. Including today's pull back, the shares have lost approximately 15% over the past 12 months. OTHERS TO WATCH: Other companies offering cloud-based digital engagement solutions include eGain (EGAN), down 1.2%, Zendesk (ZEN), down 4.05%, and Salesforce.com (CRM), up 0.2%.
11:14 EDTT, DTVAOL premium low but likely best bet for AOL shareholders, Bloomberg says
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10:32 EDTTAcacia Research enters settlement, license agreement with AT&T Mobility
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08:45 EDTDISHDISH shares likely undervalued, says Brean Capital
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08:31 EDTDISH, DTVApple likely to launch TV video service this year, says Pacific Crest
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May 11, 2015
13:01 EDTDISHDISH says involved in several non-disclosure pacts since spectrum auction
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12:46 EDTDISHDISH CEO says still a few channel partners 'I'd like' on Sling TV
Sling TV CEO says Sling TV service is focused on mobile first, not TV. Says Sling TV customers are "comfortable" looking at content on mobile devices.
12:36 EDTDISHDISH CEO says auctions represent the company's 'core skill'
Says if involved, expects to participate in the 600Mhz auction at a "high level."
12:34 EDTDISHDISH says would like to participate in 600Mhz incentive auction
Says main focus is getting through the AWS-3 auction.
12:28 EDTDISHDISH says majority of impact from programmer disputes has passed
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12:24 EDTDISHDISH says difficult to bundle without ESPN
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12:17 EDTDISHDISH CEO says Sling TV should contribute 'meaningful revenue'
Says Sling TV results are "encouraging." Comments from Q1 earnings conference call.
12:06 EDTTAT&T appoints Jeffrey Lewis Chief Accessibility Officer
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11:48 EDTTMUST-Mobile management to meet with JPMorgan
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06:19 EDTSRadioShack trademark, other IP up for auction, WSJ reports
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06:17 EDTDISHDISH reports Q1 Pay-TV churn rate 1.65%
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06:15 EDTDISHDISH reports Q1 EPS 76c, consensus 40c
Reports Q1 revenue $3.72B, consensus $3.74B. Reports Q1 subscriber-related revenue $3.69B.
06:12 EDTDISHDISH activated 554K gross new Pay-TV subscribers
DISH activated approximately 554,000 gross new Pay-TV subscribers compared to approximately 639,000 gross new Pay-TV subscribers in the prior year’s first quarter. Net Pay-TV subscribers declined by approximately 134,000 in the first quarter. The company closed the first quarter with 13.84M Pay-TV subscribers, compared to 14.10M Pay-TV subscribers at the end of first quarter 2014. Pay-TV ARPU for the first quarter totaled $86.01, compared to first quarter 2014 Pay-TV ARPU of $82.36. Pay-TV subscriber churn rate was 1.65% versus 1.42% for first quarter 2014. DISH added approximately 14,000 net broadband subscribers in the first quarter, bringing its broadband subscriber base to approximately 591,000. DISH added approximately 53,000 net broadband subscribers in the first quarter 2014.
06:11 EDTDISHDISH reports Q1 net income attributable $351M vs. $176M last year
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May 10, 2015
18:05 EDTT, DTVFCC contract ruling may speed review of AT&T-DirecTV merger, WSJ says
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