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Stock Market & Financial Investment News

News Breaks
January 28, 2014
06:44 EDTVZ, VODAnalysts divided on best strategy for Vodafone, NY Times says
Analysts are divided over whether Vodafone (VOD) can generate good results on its own, or should look to sell itself, according to The New York Times. Among large European telecom companies, Vodafone is the most likely takeover target, the newspaper quoted Robert Grindle, an analyst at Espírito Santo as saying. Meanwhile, the British company will soon announce details about how it plans to spend the $130B it received from Verizoz (VZ)n for its stake in Verizon Wireless, the newspaper stated. Reference Link
News For VOD;VZ From The Last 14 Days
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July 26, 2015
19:00 EDTVZVerizon workers willing to authorize strike if needed, AP says
In a recent poll available to the 39,000 Verizon workers covered by the Communications Workers of America union, 86% of participants said they would be willing to back strike action in a dispute with Verizon over contract terms, the Associated Press reported Saturday, citing statements by union officials at a rally. Reference Link
July 24, 2015
16:30 EDTVZStocks end week lower as Apple headlines busy week of earnings
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15:06 EDTVODEarnings Watch: TV networks report as streaming services gain ground
CBS (CBS), Time Warner (TWX), Viacom (VIA, VIAB), and 21st Century Fox (FOX, FOXA) are among TV network companies expected to report quarterly results over the next several weeks, with Comcast (CMCSA, CMCSK) already having reported before the open on July 23. EXPECTATIONS: Time Warner is expected to report EPS of $1.03 on revenue of $6.9B, CBS is expected to report EPS of 73c on revenue of $3.22B, Viacom is expected to report EPS of $1.47 on revenue of $3.22B, and 21st Century Fox is expected to report EPS of 37c on revenue of $6.48B. LAST QUARTER: CBS, Time Warner, and Fox all reported stronger than expected Q1 results, while Viacom reported higher than expected Q2 EPS but missed on revenue. THIS WEEK'S EARNINGS: On the morning of July 23, Comcast reported Q2 EPS of 84c in line with estimates, and revenue of $18.7B versus expectations for $18.14B. Cable customer relationships for the quarter were up 31,000 to 27.3M, driven by increases in double and triple product relationships. During a subsequent conference call, the company noted that TV viewership continues to be under pressure. NEWS: At Re/code's Code Conference on May 27, CBS CEO Leslie Moonves remarked that his network will "probably" sign up for Apple's (AAPL) rumored TV service, and on June 3, CBS announced that its Showtime network will be offered over the internet as a stand-alone streaming service launching in early July for a monthly price of $10.99, with Apple as its first partner. On July 1, Variety quoted sources as saying Viacom was attempting to entice advertisers by offering to construct social-media and digital extensions of traditional TV ad campaigns as the company seeks to move away from Nielsen-based advertising sales. On July 8, the Wall Street Journal reported that Viacom's Paramount Pictures reached an agreement with AMC (AMC) to accelerate the home release of movies, noting that the company hoped to implement the quickened schedule for all new releases beginning later in the year. On July 17, Re/code reported that Viacom held talks to acquire e-commerce and media company Thrillist Media, according to sources. On June 17, 21st Century Fox named James Murdoch as CEO, with founder and former chairman and CEO Rupert Murdoch appointed executive co-chairman alongside Lachlan Murdoch. The Telegraph reported on June 20 that Fox rejected offers for its stake in Sky (SKYAY) from Vodafone (VOD) and Vivendi (VIVHY), potentially signalling an interest in outright purchasing the rest of Sky, according to the report. More recently, the European Commission announced on July 23 that it delivered a statement of objections to Sky and various film studios owned by Comcast, Viacom, Fox, Time Warner, Disney (DIS), and Sony (SNE), discussing anti-trust concerns due to limitations on country-by-country availability of pay-TV services. STREET RESEARCH: On May 12, Pacific Crest said it believes Apple will launch its TV service before the end of the year, saying the move should benefit TV networks as well as Apple itself. On June 24, Brean Capital said Facebook's (FB) agreement with Time Warner to host premier episodes of certain upcoming shows was "a trend worth following," and possibly indicative of Facebook hosting additional TV content in the future. Also on June 24, FBR Capital contended that Netflix (NFLX) was on pace to have a larger 24-hour audience than all traditional broadcast networks, where ratings are seeing declines on average, according to the research firm. Those comments were followed by a July 10 note on Netflix from Morgan Stanley, saying the subscription streaming service was seeing higher time spent per day than any single broadcast network. Moving away from the Netflix factor, on July 10, JPMorgan said CBS shares looked "very attractive" following a recent selloff, though the company saw a downgrade on July 20 from Pivotal, which cited higher costs of capital among other factors. Finally, Citi upgraded Viacom on July 16 to Neutral, citing recent underperformance in the company's shares heading into earnings season.
07:43 EDTVZGoogle, others to create air traffic control for drones, Bloomberg says
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05:32 EDTVODVodafone backs FY16 outlook
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05:31 EDTVODVodafone reports Q1 Group revenue GBP 10.11B
Reports Q3 service revenue GBP 9.17B, down 0.9% on a reported basis and up 3.3% on an organic basis. Reports continued recovery in Europe: Germany -1.2%*, UK 0.2%*, Italy -2.0%*, Spain -5.5%. CEO Vittorio Colao commented, ". Our emerging markets have maintained their strong momentum and more of our European businesses are returning to growth, as customer demand for 4G and data takes off. We continue to hit our Project Spring build milestones and customers are beginning to value the improvement in service that is resulting: contract churn in Europe is now falling and mobile ARPU trends are stabilising in a number of key markets."
July 22, 2015
15:16 EDTVZFCC set to deny T-Mobile request for small carrier airwave help, Bloomberg says
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08:39 EDTVZVerizon partners with U-Michigan to open autonomous vehicle test bed
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July 21, 2015
18:37 EDTVZVerizon CFO says video service to feature targeted ads, Reuters reports
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16:28 EDTVZOn The Fly: Top stock stories for Tuesday
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15:11 EDTVZEarnings Watch: Microsoft up 5% since announcing Nokia writedown
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12:21 EDTVZOn The Fly: Top stock stories at midday
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08:59 EDTVZVerizon CFO says churn rate improvement shows company 'protecting its base'
Verizon CFO Shammo says the company needs to compete where the market takes it. Comments from Verizon's Q2 earnings conference call.
08:48 EDTVZVerizon sees percentage of activations on installments continuing to grow in Q3
Shammo said customer demand for device installment plans has increased, noting that the percentage of phone activations on installments grew to 49% in Q2, compared with 39% in Q1 and 18% a year ago. Phone activations on device installment plans totaled 4.7M in the quarter and Verizon now has more than 14M customers on these plans, representing about 16% of its postpaid phone base. The company believes that the percentage of phone activations on installments will continue to increase and will likely be around 60% in Q3. Comments made by Verizon CFO Fran Shammo speaking on the company's earnings conference call.
07:43 EDTVZVerizon says quality of the net additions 'remained strong' in Q2
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07:39 EDTVZVerizon sees FY15 consolidated revenue growth of at least 3%
For the full year, the company estimates consolidated revenue growth of at least 3%, excluding revenue from AOL. Consensus $131.3B.
07:38 EDTVZVerizon sees higher revenue growth rate in Q3 than in Q2
Consensus $32.87B. Verizon said regarding consolidated revenue outlook, "Verizon expects a higher year-over-year growth rate in third-quarter 2015 than in second-quarter 2015," noting that the estimate excludes revenue from AOL.
07:36 EDTVZVerizon says portion of AOL results immaterial to end of Q2
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07:35 EDTVZVerizon backs FY15 capex view of $17.5B-$18B
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07:32 EDTVZVerizon reports Q2 EPS $1.04, consensus $1.01
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