Discovery Communications reported a strong 1Q11 and increased its full year guidance. Advertising growth picked up from the fourth quarter, aided by improved ratings performance in the US. The guidance increase indicates that there is no slowdown in sight for domestic advertising with the caveat that ratings at key networks (Discovery, TLC, Animal Planet) need […]
I again tweeted comments as Apple held their earnings call. As a reminder, I find that my instant reaction is most valuable as I subsequently read through analyst reports. It was another great quarter with iPhones and Mac laptops leading the way. iPads were supply constrained but management seems quite confident they are getting a […]
Google (GOOG) shares are trading down 8% the day after reporting 2011 First Quarter earnings. EPS of $8.08 fell about a nickel short of the consensus of $8.13. Revenues of $6.54 billion were about $220 million ahead of estimates, growing 28% on an organic basis. Despite a tough comparison, this was the best revenue growth […]
Egypt, Libya and the rest of the Middle East are not the only places where Liberty is on the March. The latest earnings report from Liberty Media indicates that all is well at Liberty Starz (LSTZA) and Liberty Capital (LCAPA), two of the three tracking stocks making up John Malone’s domestic media empire. The big […]
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 […]
Despite another strong earnings report, Wall Street is worried about the implications of Google’s management change. Is it a sign that things are not as good as earnings make them appear? It has been an interesting several trading days in Google (GGOG) shares. After the close on Thursday, January 20th, GOOG reported very good 4Q10 […]
Following the disclosure that Steve Jobs would take a medical leave of absence, Apple reported another in a string of incredibly strong quarterly earnings reports. The reported numbers easily beat expectations. Revenue upside came mostly from higher than expected selling prices with unit volumes in line with the high end of expectations. iPad volumes were […]
Walter Piecyk, an analyst I know at BTIG, wrote the following brief comment on Apple and published it this morning. The volume of Wall Street commentary on Apple this morning is enormous as expected. Walter’s note best captures my thinking so I reproduce it here with the hope that Walter and BTIG don’t mind. “The […]
Yesterday I began building client positions in the shares of Liberty Capital (LCAPA). Not all client positions were purchased but I expect to complete the buys within a few days. LCAPA is somewhat thinly traded and its shares are tied closely to those of Sirius XM (SIRI) making trading a bit tricky. LCAPA is the […]
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