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Liberty Global to Underperform - Analyst Blog
Wednesday, August 11, 2010 - 12:27pm | 302We downgrade our recommendation for Liberty Global Inc. (LBTYA) to Underperform following its second quarter 2010 financial results, well below the Zacks Consensus Estimate. We do not find any immediate growth catalyst for Liberty Global. According to our assessment, the company will remain loss...
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Volatility To Increase in DirecTV (DTV)
Wednesday, August 11, 2010 - 11:10am | 139Shares of DirecTV Inc. (NYSE: DTV) are lower on the session by 1.72%, currently trading at $38.75. The company said today that they have reached a partnership with Google (NASDAQ: GOOG) to sell TV ads on eleven channels. One options trader that sold a strangle on the stock back in late June is...
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Scripps Networks Interactive Reports In-line Earnings, Jefferies Maintains Hold (SNI)
Tuesday, August 10, 2010 - 8:28am | 88Scripps Networks Interactive (NYSE: SNI) reported EPS of $0.59, one cent above consensus. Revenues increased 31.9% to $516 million. Advertising revenue increased 13%. Scripps is rated Hold by Jefferies with a price target of $43.00. The analysts said, "We derive our $43 PT using multiple valuation...
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RCNI Swings To Q2 Net Income
Tuesday, August 10, 2010 - 7:29am | 65RCN Corp (NASDAQ: RCNI) reports its Q2 net income at $3.5 million, as compared to the loss of $9.4 million, in the year-ago quarter. RCNI reports its Q2 revenue at $194.6 million, missing the consensus of $195.35 million. RCNI’s shares gained 0.20% to close at $14.95 yesterday. Read more from...
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Stock Market News for August 9, 2010 - Market News
Monday, August 9, 2010 - 5:52pm | 958A greater-than-anticipated drop in July non-farm payrolls sent investors away from stocks Friday, but the losses were modest and stocks managed to close the week firmly in the green. All three major indexes ended at least 1.5% higher on the week. On the week, the Dow industrials and the S&P...
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Company News for August 9, 2010 - Corporate Summary
Monday, August 9, 2010 - 5:52pm | 408• DISH Network (NASDAQ: DISH) reported second quarter profits 4-cents better than expected at 57 cents per share, on revenues up 9.3% to $3.17 billion, slightly ahead of Zacks estimates of $3.12 billion • Following CEO Mark Hurd's resignation, Hewlett-Packard (NYSE: HPQ) issued improved preliminary...
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Market May Look to Challenge Upside Resistance 08-09-2010
Monday, August 9, 2010 - 4:24pm | 812Cusick’s Corner I am getting this Midday out late so I will be brief. The market has built some positive follow through from Friday’s close. At this stage, the market looks like it wants to potentially challenge that upside resistance of 1135 on the S&P and that is even with these intermittent...
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Scripps Networks Beats - Analyst Blog
Monday, August 9, 2010 - 4:11pm | 660Scripps Networks Interactive Inc. (SNI) today reported strong second quarter 2010 financial results. Quarterly GAAP net income was $106.2 million or 63 cents per share compared to a net income of $79.5 million or 48 cents per share in the prior-year quarter. However, excluding one-time special...
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DISH Network Beats the Street - Analyst Blog
Monday, August 9, 2010 - 3:18pm | 518DISH Network Inc. (DISH) declared better-than-expected second quarter 2010 financial results. Second quarter earnings of $257 million or 57 cents per share were higher than $63 million, or 14 cents reported in the year-ago quarter. Quarterly earnings also came in well ahead of the Zacks Consensus...
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Dish Shares Plummet After Losing Subscribers (DISH)
Monday, August 9, 2010 - 3:08pm | 204DISH Network Corp. (NASDAQ: DISH) shares tumbled more than 10% Monday after the company reported that it lost 19,000 subscribers in the second quarter. Todd Mitchell, an analyst at Kaufman Bros. LP in New York, had predicted a gain of 130,000 subscribers. “Churn is a real issue, you’re seeing a lot...
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Stocks To Watch For August 9 (DISH, BRK.A, LINTA, HPQ)
Monday, August 9, 2010 - 7:38am | 175Some of the stocks that may grab investor focus today are: Wall Street expects Dish Network Corp (NASDAQ: DISH) to post Q2 EPS at $0.53. DISH’s shares moved up 0.14% to $20.87 in after-hours trading. Berkshire Hathaway Inc (NYSE: BRK-A) reported its Q2 net income attributable to shareholders at $1,...
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Jobs Report Disappoints 08-06-2010
Friday, August 6, 2010 - 3:12pm | 864Cusick’s Corner Market participants continue to worry – the latest jobs data was disappointing, the private sector added fewer jobs than expected. The Labor Department’s unemployment number actually came in at 9.5% which is the same as last month’s, but that’s because some discouraged job seekers...
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Zacks Analyst Blog Highlights: DIRECTV, Jack in the Box, Comstock Resources, Sina and International Flavors & Fragrances - Press Releases
Friday, August 6, 2010 - 9:48am | 2195For Immediate Release Chicago, IL – August 06, 2010 – Zacks.com Analyst Blog features: DIRECTV (DTV), Jack in the Box Inc. (JACK), Comstock Resources Inc. (CRK), Sina Corp. (SINA) and International Flavors & Fragrances Inc. (IFF). Here are highlights from Thursday’s Analyst Blog: DIRECTV Beats...
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Back-to-School Spending 08-05-2010
Thursday, August 5, 2010 - 6:31pm | 897Cusick's Corner Trading volume was light today. Many market participants were on the sidelines, waiting for Friday’s nonfarm payrolls report that comes out premarket at 8:30am ET. Most economists are predicting that the unemployment rate will rise to 9.6% from June’s 9.5%. (To access the...
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Company News for August 5, 2010 - Corporate Summary
Thursday, August 5, 2010 - 2:44pm | 552• Viacom (NYSE:VIA.B) posted second quarter earnings of 68 cents, three cents above Zacks estimates, on a 0.1% revenue gain to $3.30 billion, off estimates of $3.43 billion • Foster Wheeler (NASDAQ: FWLT) missed Zacks estimates by 3 cents with second quarter earnings of 48 cents, as revenues...