Verizon 1Q07 Earnings Offer Upside

Verizon 1Q07 earnings were right on target with EPS of 54 cents and revenues of $22.6 billion right in line with the consensus estimates. Key subscriber metrics also closely matched analyst estimates. With the numbers all very close to expectations, I don’t expect a big reaction in the shares. Additionally, analyst estimates for the balance […]

Comcast: Buy on Weakness

Comcast (CMCSA/CMCSK) reported solid first-quarter earnings of 26 cents per share on revenue of $7.39 billion. These numbers were extremely close to consensus estimates and all financial and subscriber metrics. The figures did not provide the upside to consensus estimates that I and others were expecting, however, following very bullish comments from CEO Brian Roberts […]

Lots of Shine to Apple

Apple (AAPL) 2Q07 results were spectacular and the feared “even more conservative than usual guidance” failed to materialize. I think the shares should be higher and my only concern is technical in that the muted upside suggests the massive battleground that has become AAPL will continue. I was especially pleased with Mac sales which showed […]

Regal Entertainment Has A Great First Quarter

Regal Entertainment (RGC) shares rose 4% following better than expected 1Q07 earnings. RGC was able to convert the strong 1Q box office into better margins and EBITDA which bodes very well for the next two quarters when the box office should be record breaking. The shares have now regained more than the $2 special dividend […]

Excellent Results From NII Holdings – $100 Stock Price Within Reach

NII Holdings (NIHD) 1Q07 numbers were virtually on top of my estimates across the board. Every financial and subscriber number on a corporate and country-by-country basis was right on target. Since my expectations were at the high end of the street estimates, this sets the stage for upside to current estimates later in the year. […]

The Bloom Comes Off the Scripps Rose

E.W. Scripps (SSP) reported in line 1Q07 earnings but guidance for 2Q and implied guidance for 2007 is well below street estimates. In my preview I suggested that estimates could come down and that the stock would be attractive in the $30s. It looks like we might get a chance to buy at that level. […]

Apple 2Q07 Earnings Preview

My colleague at StreetInsight.com, Ben Thomas, will be providing officail coverage of Apple’s earnings report for the site. I’ll be listening to the call and have my own comments but here is Ben’s preview. He captures my views well although I’d add that guidance could be even more conservative than usual given the dealy in […]

Regal Entertainment and NII Holdings 1Q07 Earnings Previews

Regal Entertainment (RGC) and NII Holdings (NIHD) report before the open on Thursday. I’ll be visiting with clients out of town most of Wednesday and Thursday so I won’t be able to get any comments on the results until Friday. The following brief previews should help you put the numbers in perspective….

San Jose Mercury News Clears Jobs of Criminal Activity in Options Probe

In a lengthy article, the San Jose Mercury News is reporting that it is unlikely that Steve Jobs will be charged with a criminal offense in the Apple (AAPL) options backdating scandal. The article leaves open the possibility of SEC action but SEC action would not require Jobs to leave the company. The article contains […]

Monday Morning Media Madness

Here is your Monday Morning Media Madness: • On a year over year comparison basis, it was the worst weekend of 2007 for the box office. When all the data is tallied the decline should be a little over 20%. Fortunately, it is usually a small weekend as studios clear their inventory ahead of the […]