CBS reported slightly better than expected 4Q10 results, no small feat given rapidly rising estimates and a surging stock price. Adjusted EPS of 46 cents beat the street consensus of 44 cents. Revenues of $3.9 billion exceeded consensus by about $50 million. EBITDA was better than expected at the segment level, driven by beats at […]
Discovery Communications (DISCK/DISCA) reported 4Q10 results largely inline with expectations. Revenue and EBITDA grew 7% and 16%, respectively. There were a few warts in the report. Domestic advertising came in 100-200 basis points below reduced expectations as ratings weakness in 4Q took a toll. Domestic growth of 13% is still nothing to sneeze at although […]
There were no changes to Northlake’s Market Cap and Style model signals for February. The Market Cap model continues to favor mid cap, while the Style model still recommends value. As a result of the latest signals, Northlake clients will maintain positions in the S&P 400 Mid Cap (MDY) and the Russell 1000 Value (IWD). […]
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