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Sirius XM (SIRI) Reports $41.6 Million In First-Quarter Profit
Tuesday, May 4, 2010 - 8:49am | 86Sirius XM Radio Inc. (NASDAQ: SIRI) has reported its first-quarter results. The company reported first-quarter profit of $41.6 million, or $0.01 per share, compared with a loss of $52.6 million, or $0.07 per share it reported for the same period last year. Revenue was up by 13% to $663.8 million...
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SIRI Swings Back To Q1 Profit
Tuesday, May 4, 2010 - 8:18am | 147Satellite radio company Sirius XM Radio (NASDAQ: SIRI) reported its Q1 profits at $41.6 million, or $0.01 per share, as compared to a loss of $238.8 million incurred a year earlier. SIRI’s revenues for the quarter came in at $663.8 million, up from $587 million a year ago. Analysts were expecting...
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Q1 Results Tomorrow, Wunderlich Raises TP
Monday, May 3, 2010 - 1:41pm | 139Analysts at Wunderlich Securities maintain their "hold" rating on SIRIUS XM Radio Inc (NASDAQ: SIRI). The target price for SIRI has been raised from $1 to $1.25. SIRI is scheduled to report its March quarter earnings tomorrow and has already announced 171,000 net customer additions on April 14 as...
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Benzinga’s Top Downgrades (TSYS, HRC, EME, CMCSA, AIXG)
Friday, April 30, 2010 - 10:33am | 192TeleCommunication Systems Inc (NASDAQ: TSYS) was downgraded by Wedbush from “outperform” to “neutral.” Shares of TSYS dropped 10.69% to $6.90 by 9:52 am. TSYS has a quarterly EPS of -75.49%. Hilliard Lyons downgraded Hill-Rom Holdings, Inc (NYSE: HRC) from “long-term buy” to “neutral.” HRC fell 2....
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Jeff Zucker Could Get A Total Compensation Of $20 Million (GE, CMCA)
Thursday, April 29, 2010 - 5:49pm | 138According to documents filed by NBC Universal in connection with its bond offering, Jeff Zucker, who will be its CEO and President after the sale of a majority interest to Comcast Corp. (NASDAQ: CMCSA), could get a total compensation of $20 million. Apparently, Zucker will receive a guaranteed...
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Comcast Retains Its “Hold” Rating (CMCSA)
Thursday, April 29, 2010 - 3:05pm | 126Comcast (NASDAQ: CMCSA) performed well in its first quarter of the year. Collins Stewart has reiterated its “Hold” rating for the company, despite its strong quarterly numbers. Comcast (CMCSA) is confident that it has sufficient bandwidth for considerable speed increase due to the all-digital...
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Comcast Corp’s (CMCSA) Net Profit Rises As A Result Of Subscriber Growth
Wednesday, April 28, 2010 - 12:49pm | 101Strong revenue gains and cash flows in the first quarter are the reason for an increase in profit at Comcast Corp. (NASDAQ: CMCSA). For the first quarter, Comcast reported net income of $866 million, or 31 cents a share, up 12% from $772 million, or 27 cents a share in the year-ago period. The...
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Market Update – Citigroup (NYSE:C), Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Comcast (NASDAQ:CMCSA), WellPoint (NYSE:WLP)
Wednesday, April 28, 2010 - 10:24am | 1377Continuing fears about the debt situation in Greece and Portugal caused stocks in Europe and Asia to fall yesterday; investors continue to perceive these countries’ situations as too risky. According to Citigroup (NYSE: C) executives, as the debt situation worsens many Greek banks are in danger of...
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Company News for April 28, 2010 - Corporate Summary
Wednesday, April 28, 2010 - 9:30am | 212• IBM (NYSE:IBM) yesterday raised its quarterly dividend to 65 cents from 55 cents and expanded its share buyback program by $8 billion in front of its shareholder meeting. • Comcast (NASDAQ:CMCSA) reported an earnings and revenue beat, with results of 31 cents one cent above Zacks estimates, and...
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Stock Market News for April 28, 2010 - Market News
Wednesday, April 28, 2010 - 9:30am | 648U.S. stocks dropped sharply on Tuesday as fears that a deepening debt crisis in Europe would stall a global economic recovery overshadowed solid earnings reports and Goldman’s testimony on the Hill. The Dow average plunged more than 200 points as Standard & Poor’s downgraded Greece’s credit...
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Comcast (CMCSA) Profit Climbs 12%
Wednesday, April 28, 2010 - 7:38am | 121Comcast Corporation (Nasdaq: CMCSA) on Wednesday morning released financial results that beat Wall Street expectations. Comcast Corporation reported that its 1st quarter earnings rose 12% to $866 million, or 31 cents per share, up from $772 million, or 27 cents per share, a year earlier. Revenue...
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Stocks To Watch For On April 28, 2010 (CMCSA, AOL, S, V, NOC)
Wednesday, April 28, 2010 - 4:34am | 162The stocks that may be in focus today are: Wall Street is expecting Comcast Corp (NASDAQ: CMCSA) to post Q1 earnings of $0.30 a share. CMCSA gained 1.73% in after hours. Analysts expect AOL Inc (NYSE: AOL) to have earned $0.80 a share in Q1. Shares of AOL lost 0.04% in the after-hour session....
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Wunderlich Securities Raises Estimates For Comcast Corporation (CMCSA)
Tuesday, April 27, 2010 - 11:29am | 93Analyst Matthew Harrigan at Wunderlich Securities has released an update on Comcast Corporation (NASDAQ: CMCSA). The company will report its first-quarter results on Wednesday. Wunderlich Securities expects Comcast to report cable sales growth of 3.2% to $8.645 billion and OCF growth of 2.7% to $3...
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Coca-Cola (NYSE:CCE) Beats Forecasts, 3M Company (NYSE:MMM) Revenue Jumps, and Ford (NYSE:F) Swings To $2.1 Billion Profit
Tuesday, April 27, 2010 - 10:33am | 1015Ford Motor Company (NYSE:F) announced on Tuesday morning that it beat consensus Wall Street estimates. Ford Motor reported that it swung to a 1st quarter profit of $2.1 billion, 50 cents per share, from a loss of $1.4 billion, or 60 cents per share, a year earlier. According to a survey of...
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Market Roundup (VZ, GOOG, STT, EMMS, GS, XOM, SPG, GGP, RIMM)
Monday, April 26, 2010 - 2:28pm | 349Verizon Wireless (NYSE: VZ) has turned off its plans to offer service for the Nexus One handset from Google (NASDAQ: GOOG). The change in plans signals that Verizon may be viewing GOOG as more of a competitor than a partner. However, the Nexus One site continues to announce the introduction of the...