Apple reported excellent 2Q08 results with revenues and EPS exceeding estimates. Guidance is good by Apple standards with revenues above street estimates and EPS just 10 cents below the street. Analysts and investors will pick apart the numbers and conference call commentary but the bottom line is that this quarter, the conference call, and the […]
Here is the series of posts I made on RealMoney.com yesterday after crunching Apple’s numbers but before the conference call Q&A started: 4:49 PM EST: Good and and I like the guidance being in line with consensus. Tax rate was low adding 4 cents to EPS. That probably is why the stock has pulled back. […]
It is has been a long fall from grace for Gannett. Still regarded as one of the best managed media companies and clearly regarded as the best managed newspaper company, GCI’s 1Q08 earnings report came and went with barely a notice. I suppose that is not all bad since the numbers were no good and […]
Apple reports 2Q08 earnings after the close on Wednesday, April 23rd. I’ll be covering the conference call for RealMoney.com. Here is the preview I wrote for them which was published today: Before Tuesday’s shellacking I was planning to say that the sharp upward move in Apple shares had raised the bar unrealistically high heading into […]
AT&T reported very solid 1Q08 results. Almost every key metric matched analyst estimates with the exception of wireline line loss which continues to accelerate. Guidance was restated and the numbers suggest that the company will have little trouble meeting 2008 estimates for EPS, revenue, free cash flow, and subscriber growth. Most importantly, there was no […]
Disney announced a new production studio, Disneynature. The studio will produce major motion picture documentaries “about the world in which we live.” The first film, titled “Earth,” will be released on Earth Day 2009. The film is being produced by the BBC and members of same team that created the Planet Earth series. The press […]
Viacom, Lionsgate, and MGM announced that they will no longer sell their movies to Showtime (owned by CBS) and instead will launch a new, fourth pay TV channel. The announcement leaves Showtime, the current owner of rights to films from VIA, LGF, and MGM without the rights to output from any of the major movie […]
After falling year-over-year, often substantially for eight of the past nine weeks, the weekend box office offered a respite. Led by better than expected openings for the top two films, The Forbidden Kingdom from Lionsgate and Forgetting Sarah Marshall from GE’s Universal Pictures, the top 12 films grossed 12.4% more than the same weekend a […]
At the recent National Association of Broadcasters conference, one of the more popular topics was mobile TV. Mobile TV is the ability for consumers to watch live TV on their cellphones. Standards are still being set but according to SNL Kagan, MobiTV has 4 million subscribers of various global wireless companies using its platform. For […]
Central European Media Enterprises (CETV), recommended by Jim Cramer last Friday on Mad Money announced that it is acquiring two radio stations in Romania. Until this point, CETV has been 100% focused on TV other than developing an internet presence in each of its TV markets (Czech Republic, Slovakia, Slovenia, Ukraine, Romania, and Croatia). The […]
