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Stock Market & Financial Investment News

News Breaks
July 17, 2012
11:53 EDTTWX, IMAXEstimates for "Dark Knight Rises" increased at Piper Jaffray
Following a call with a film tracking firm, Piper Jaffray thinks its previous box office expectations for Time Warner's (TWX) "Dark Knight Rises" may have been too conservative. Piper thinks IMAX (IMAX) is in-line to be the biggest beneficiary if the film succeeds and the firm raised its IMAX global forecast for the movie to $110M from $100M.
News For IMAX;TWX From The Last 14 Days
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March 2, 2015
12:40 EDTTWXTime Warner's 'Focus' takes top box office spot with $19.1M, CBS News says
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February 26, 2015
12:08 EDTIMAXIMAX management to meet with MKM Partners
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10:15 EDTTWXTime Warner calls active on speculation of a large investor stake
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10:01 EDTTWXRumor: Time Warner active on speculation of a large investor stake
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February 25, 2015
11:47 EDTTWXAnalysts clash on DreamWorks following Q4 miss
The shares of animated film and television show maker DreamWorks (DWA) are rising, despite the weaker than expected results reported by the company last night. Two analysts offered very different views on the company's outlook following its results. BACKGROUND: DreamWorks last night reported a fourth quarter per share loss of ($3.08), versus analysts' consensus outlook for a ($3.01) per share loss. The company's revenue also came in below expectations. Excluding $210M in pre-tax charges associated with DreamWorks' restructuring plan, its loss was (75c) per share, the company stated. BEARISH TAKE: In a note to investors today, FBR Capital analyst Barton Crockett wrote that DreamWorks' results were "ugly," as they included $155M of write-offs on films and TV shows. However, Crockett believes that the crucial factor for the company's outlook is whether it can consistently compete with the entertainment giants, including Disney (DIS), Viacom (VIA), and Time Warner (TWX). Crockett is not convinced that DreamWorks will be able to hold its own, and he believes that its 2015 results could come in below expectations. The analyst warned that the company may have difficulty meeting its 2015 consumer products revenue guidance. DreamWorks expects its consumer products revenue to double this year, but the movie-based toy space is "very competitive" in 2015, as toys based on multiple popular children's films are set to be released, Crockett stated. Moreover, after conducting checks online, Crockett reports that there does not seem to be a great deal of interest in DreamWorks' movie "Home," which is set to be released on March 27. He kept an Underperform rating on the shares and raised his price target on the stock to $14 from $12. BULLISH TAKE: DreamWorks' results were mixed, but the results are not very important, Piper Jaffray analyst James Marsh stated. The company's guidance for its TV and consumer products businesses were solid, the analyst believes. Moreover, the company "took specific and decisive action" to avert a liquidity crunch, Marsh wrote. Specifically, DreamWorks raised $185M of capital by selling its real estate in Glendale, California and then leasing it back, and increased the size of its current credit facility to $450M from $400M, Marsh reported. The moves should "largely" eliminate investors' worries about the company's liquidity position, Marsh stated. He kept a $26 price target and Overweight rating on the stock. WHAT'S NOTABLE: On DreamWorks' earnings conference call last night, the company's CEO Jeffrey Katzenberg stated that it did not obtain more than 10% of its revenue from Netflix (NFLX) last year. However, in an SEC filing earlier this morning, DreamWorks clarified that it had obtained 14.9% of its revenue from Netflix last year. PRICE ACTION: In late morning trading, DreamWorks rose 5.6% to $22.31.
February 24, 2015
06:10 EDTTWXSalem Media Group, CNN to team up for three GOP presidential primary debates
February 23, 2015
11:35 EDTTWXAmazon picks Benson to head advertising for original TV series, Variety says
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07:38 EDTTWXComcast, AT&T deals could be delayed by document access case, WSJ says
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February 19, 2015
12:58 EDTIMAXIMAX price target raised to $43.50 from $39 at B. Riley
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08:15 EDTTWXWarner Bros. exec says not in talks with Apple on streaming, Re/code reports
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07:25 EDTTWXCable nets speed up shows to add more ads, WSJ says
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07:11 EDTIMAXIMAX recognizes 57 installations in Q4
In the fourth quarter of 2014, the company signed contracts for 16 theater systems, of which 3 were upgrades, bringing total singings for 2014 to 118, of which 14 were upgrades. The Company also installed 57 theater systems in the quarter, of which 2 were upgrades of existing theater locations, bringing the full year installation total to 121 theater systems, of which 8 were upgrades. The total IMAX theater network consisted of 934 systems as of December 31, 2014, of which 809 were in commercial multiplexes. IMAX signed contracts for 118 theaters in 2014, across 28 countries, resulting in 397 theater systems in backlog as of December 31, 2014, compared to 407 theater systems in backlog as of December 31, 2013.
07:10 EDTIMAXIMAX reports Q4 adjusted EPS 34c, consensus 30c
Reports Q4 revenue $102.46M, consensus $95.28M. Reports Q4 global per screen average of $292K.
February 17, 2015
13:18 EDTTWXOmega Advisors gives quarterly update on stakes
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10:00 EDTIMAXOn The Fly: Analyst Downgrade Summary
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08:22 EDTIMAXIMAX downgraded to Hold from at Canaccord
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06:55 EDTIMAXIMAX volatility elevated into Q4 and outlook
IMAX February call option implied volatility is at 67, March is 32, June is at is at 27; compared to its 26-week average of 28 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on February 19.
06:37 EDTIMAXIMAX downgraded to Hold from Buy at Canaccord

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