Cablevision reported better than expected results driven by its core Cable operations and Madison Square Garden. Revenues grew 11% to $1.84 billion ahead of consensus of $1.78 billion. EBITDA grew 20% to $610 million, ahead of estimates for $560 million. Financial and subscriber metrics at the Cable systems were better than expected. Revenues rose 8.6%, […]
Disney easily beat estimates with EPS of 58 cents coming in well ahead of the 51 cents consensus estimate. Here are the comments I posted on the quarter on RealMoney.com before and during the conference call. Alos, please find the earnings summary produced by Gary Dvorchak, my colleague at Real Money. 03:14 CST: Based on […]
Time Warner (TWX) reported another mediocre quarter even after adjusting for some items that cause the reported numbers to understate the results. Revenue grew just 2% and adjusted EBITDA grew just 3%. The revenue figure matched estimates while the adjusted EBITDA is a bit ahead. EBITDA strength came from cost controls at AOL that kept […]
Comcast reported good 1Q08 results. EPS matched estimates while revenue, EBITDA, and free cash flow exceeded estimates. Most subscriber metrics also beat estimates. Margins fell slightly as Comcast upped its marketing spending and began its aggressive rollout of service to small and mid-sized businesses. Comcast’s results closely paralleled those of Time Warner Cable. It appears […]
Dreamworks Animation reported better than expected 1Q08 earnings with EPS of 28 cents and revenues of $156.6 million ahead of consensus of 24 cents and $135 million, respectively. The shares will probably lift a bit but the next major move in the stock will be associated with the June 6th release of Kung Fu Panda. […]
Central European Media Enterprises (CETV) reported outstanding 1Q08 results and simultaneously issued 2008 guidance well above most analyst estimates. The shares responded very favorably, rising over 9%. I think the stock can easily reach $130 this year and based on longer term projections I think a double remains a distinct possibility. In 1Q, CETV reported […]
My long-time and still favorite media stock, Central European Media Enterprises (CETV), reported much better than expected 1Q08 results this morning. Even better 2008 guidance is way above most analyst estimates (though not far off my own numbers). I’ll be back with more after the conference call but the shares are deservedly trading up 9% […]
On Tuesday, Rogers Communications reported excellent 1Q08 results further allaying concerns that caused the shares to pullback from the low $50s before bottoming in the low $30s. Results at RCI’s wireless business segment were better than expected across the board, providing plenty of support for the recent rebound in the shares to the low $40s […]
CBS shares popped nicely upward following its 1Q08 earnings report. Results exceeded analyst estimates and were accompanied by an 8% dividend boost. Despite the better than expected results, management only reiterated guidance. Either they are playing it conservative or they are implying that trends for the remainder of they ear may be a little below […]
As I mentioned yesterday, former Northlake long Regal Entertainment shares caught a downgrade after reporting an inline quarter late last week. The stock moved up the first day but after the downgrade on Friday more than eliminated the gains. I have yet to read the downgrade but I suspect it had to do with the […]
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