Central European Media Enterprises (CETV) shares fell 6% on Monday to close at $58.50. The stock got as low as $55.30, down more than 11%, before recovering. I was nibbling in the morning so I could add to positions in a few new client accounts where I was averaging down. You can take my willingness […]
Despite poor reviews, The Da Vinci Code exceeded estimates with weekend ticket sales of $77 million in North American theatres. The weekend gross exceeded estimates in place prior to poor reviews out of Cannes. Along with a solid performance from Over The Hedge and reasonable business from other films in wide release, the year-over-year decline […]
Sears Holdings (SHLD) will have reported earnings by the time you read this. Since I get a lot out of writing previews by setting my own expectations and understanding the setup in the shares, I am posting a preview anyhow. Hopefully, this note will help you put the reported figures in perspective. SHLD accelerated its […]
Poseidon sunk the box office as the big budget film flopped, bringing in just $20 million and opening in second place. Poor performance from Poseidon was the primary cause for an 8.4% decline in box receipts versus the same weekend a year ago. The negative comp broke a six weekend winning streak and the weak […]
Viacom (VIAB) reported a solid quarter, which I would characterize as slightly above expectations. Viacom’s good results follow better than expected results at Disney and News Corp, possibly a sign that fundamentals are improving for the diversified entertainment companies. At a minimum, I think that analyst estimates are now achievable as they have adjusted to […]
Results from Disney (DIS) look awfully good to me. EPS came in at 37 cents against consensus of 31 cents. I only see a 1 cent benefit from a lower than expected tax rate so it looks like a clean beat to me. Revenues were $8.03 billion vs. consensus of $8.18 billion, yet despite the […]
NTL Incorporated (NTLI) reported 1Q06 earnings as expected including the hoped for acceleration in cost savings synergies from its merger with Telewest. Investors are responding favorably to the report and follow-up conference call, moving NTLI shares 2-3% higher. I think the stage is set for NTLI shares to move into the mid $30s or higher […]
Viacom (VIAB) is expected to report weak 1Q06 results due to tough comparisons in 1Q05. Revenue growth is forecast at about 5% with EBITDA rising just 0-2%. Despite the weak start to the year, analysts expect revenue and EBITDA to grow by low double digits for all of 2006. 1Q EPS are expected at 39 […]
Cablevision (CVC) shares are up sharply after the company reported better than expected 4Q05 results and announced 2006 guidance for its cable division that is above current analyst estimates. As the conference call begins, CVC shares are up 5% and dragging Comcast (CMCSA/K), up over 1% along for the ride. Wall Street may hate cable […]
Cablevision (CVC) should report another strong quarter before the open on Tuesday. Analyst are estimated growth in the mid to upper teens for revenues and EBITDA in the company’s Telecom division. Consolidate growth will be a little less as the company’s programming assets and New York City properties will grow at a modestly slower rate. […]
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