IBM (IBM): IBM’s second quarter disappointed after several large mainframe-related software and hardware transactions slipped out of the period. Revenue increased only 1%, Software growth slowed to 5%, and Transaction Processing declined 9%. The weakness was concentrated rather than broad-based: Red Hat accelerated to 11% growth, Data remained healthy, Consulting signings improved, and IBM maintained […]
Walt Disney (DIS): DIS delivered another solid quarter, with continued strength across its streaming and experiences businesses helping offset ongoing pressure in traditional television. Direct-to-consumer profitability continued improving, while Parks results remained resilient despite a somewhat softer consumer backdrop. Management also maintained a constructive tone around upcoming content releases and long-term engagement trends. Investor focus […]
Alphabet (GOOG): GOOG reported strong 4Q25 results beating estimates on most metrics at the corporate and segment level. Guidance commentary supported continued growth in 2026. Getting the most attention was guidance for capital spending nearly doubling in 2026 to around $180 billion. Virtually all of this spending is supporting GOOG’s increasingly apparent leadership in AI, […]
Nexstar (NXST): NXST posted a mixed quarter that keeps the 2026 election tailwind in play while 2025 still looks softer. Revenue was on target, but earnings fell short as political dollars fell, equity income from Food Network eased, and a one-time distribution claim hit margins. Ads were down on the tough political comparison while core […]
Disney (DIS): Disney’s latest quarter marked a significant inflection point, showcasing tangible progress in its strategic pivot towards profitable growth across its diverse empire. The Direct-to-Consumer streaming business delivered the fourth consecutive quarter of meaningful profitability, a major milestone driven by cost discipline and pricing power. Management is shifting investor focus away from raw subscriber […]
Apple (AAPL): AAPL reported inline results for the company’s 2Q25. Management noted little impact from tariffs, which is no surprise given the bulk of the tariff challenges emanate from the April 2nd announcement. In 2Q25, revenue grew 5%, operating income grew 6%, and EPS grew 8%. These modest growth rates are where AAPL sits now […]
Alphabet (GOOG/GOOGL): GOOG reported mixed results and guidance for 4Q24 and 1Q25 relative to Wall Street and expectations. The shares dipped about 7% in response but remain up about 1% this year after gaining 14% in 4Q24 and 35% last year. 4Q results were strong and exceeded expectations in the advertising-supported business at Search and […]
Nexstar Media Group (NXST): NXST reported good 3Q24 earnings despite a shortfall in political advertising revenue. Political ended up flat with the 2020 Presidential cycle after expectations had been raised over the summer for growth. NXST offset the shortfall with improving results at the CW Network and good expense control. The shares initially rallied to […]
Apple (AAPL): AAPL 4Q23 earnings and 1Q24 guidance were mixed. The shares are down 1% in a very strong market following the report. 4Q23 results were in line on revenue and ahead on EPS with iPhone sales holding up and Services coming in ahead. Other hardware including Macs, iPads, and Wearables were weak. Good cost […]
Activision Blizzard (ATVI): ATVI reported strong 2Q23 results well ahead of analyst consensus. A good launch for the latest Diablo game, ongoing strength in King mobile games, and steady results for Call of Duty and World of Warcraft led to the positive quarter. Analyst estimates moved up for 2023 but less for 2024. The more […]
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