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Netflix Revenue Disappoints, Stock Falls 9% (NFLX)
Wednesday, July 21, 2010 - 4:31pm | 142Netflix, Inc. (Nasdaq: NFLX) released financial results on Wednesday after the market closed that beat Wall Street earnings estimates but missed revenue expectations. Netflix, Inc. (NFLX) reported that its 2nd quarter net income rose 35% to $43.5 million, or 80 cents per share, from a year earlier...
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Netflix Falling After Earnings Report (NFLX)
Wednesday, July 21, 2010 - 4:17pm | 140Netflix (NASDAQ: NFLX) has released its second quarter earnings numbers. The company reported GAAP net income of $43.5 million or $0.80 per share compared to $32.4 million or $0.54 per share in the second quarter of 2009. This compared to Wall Street estimates of $0.71 per share. Despite beating...
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Netflix Misses on Revenues, Shares Fall (NFLX)
Wednesday, July 21, 2010 - 4:11pm | 38Netflix, Inc. (NYSE: NFLX) reports Q2 EPS $0.80 vs consensus of $0.71. Netflix, Inc. reports Q2 revenue $519.8 million vs consensus of $524.44 million. Netflix sees Q3 EPS of 61-74c, 2010 EPS of $2.58-$2.86.
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Netflix On Deck (NFLX)
Wednesday, July 21, 2010 - 3:42pm | 82Netflix (NASDAQ: NFLX) is expected to release its quarterly earnings after the closing bell this afternoon. Wall Street analysts anticipate the company will report earnings per share of $0.71 compared to $0.54 in the year ago period. Revenues are expected to be $524.44 million. Year-to-date, NFLX...
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Netflix Earnings Preview (NFLX)
Wednesday, July 21, 2010 - 1:30pm | 68Netflix (NASDAQ: NFLX) is scheduled to report earnings tonight after the close of trading. Analysts are looking for 71/cents a share on revenues of $524.44 million. Shares of Netflix have been nothing short of on fire since the start of the year, rising from $53.48 to the current $122.16 it trades...
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Bookkeeping: Cutting Back Netflix (NFLX) and F5 Networks (FFIV) Ahead of Earnings
Wednesday, July 21, 2010 - 1:30pm | 635A very strange session today - despite a bevy of good reports this morning (especially in the industrials) to go along with Apple last night, we have almost no movement. It appears speculators are waiting for demigod Ben Bernanke to give them assurance all is well in their world, and indeed he has...
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Goldman Sachs Options Recommendations (MUR, MGM, AMZN, CAT, SUN, MMM)
Wednesday, July 21, 2010 - 11:31am | 154Goldman Sachs (NYSE: GS) released a report today outlining some potential options trades during earnings season. Here they are: 1. Buy Murphy Oil (NYSE: MUR) calls ahead of earnings 2. Buy-write MGM (NYSE: MGM) ahead of earnings. Buy the shares and sell calls to take advantage of high implied...
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2010 Fund Performance Period 7
Tuesday, July 20, 2010 - 4:14pm | 4734If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story in Barron's [A New Kind of Fund Manager] [...
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Calls Sold on Overstock.com (OSTK)
Tuesday, July 20, 2010 - 12:30pm | 128Shares of Overstock.com Inc. (NASDAQ: OSTK) are lower on the session by 2.17%, currently trading at $18.00. The stock has been trading largely lower over the past three months, off from recent highs near $26.50. Options traders are selling calls on the name today. The August $17.50 call was sold 1...
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Amazon.com E-Reader Sales Leap: The Death Of Print
Tuesday, July 20, 2010 - 8:58am | 209Print, which has been on the heart and lung machine for more than a decade, may finally be ready to give up the ghost. Many analysts thought newspapers and magazines would be the first to succumb to the digital age. New data from Amazon.com (Nasdaq: AMZN) says otherwise. The huge e-commerce company...
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Benzinga’s Top Downgrades (PETS, INFY, VOD, CCH)
Tuesday, July 20, 2010 - 8:57am | 150PetMed Express Inc (NASDAQ: PETS) was downgraded by Piper Jaffray from “neutral” to “underweight.” PETS’ shares closed at $16.66 yesterday. PetMed Express’ 52-week trading range is $15.07-$24.50. Societe Generale downgraded Infosys Technologies Limited (NASDAQ: INFY) from "hold" to "sell." INFY’s...
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Amazon Kindle Device Unit Sales Accelerate
Monday, July 19, 2010 - 4:12pm | 162(NASDAQ: AMZN) — Millions of people are already reading on Kindles and Kindle is the #1 bestselling item on Amazon.com for two years running. It’s also the most-wished-for, most-gifted, and has the most 5-star reviews of any product on Amazon.com. Today, Amazon.com announced that Kindle device unit...
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Expedia May Post 17% Gross Bookings Growth For Q2
Monday, July 19, 2010 - 2:54pm | 242Analysts at Benchmark reiterate their "buy" rating on Expedia (NASDAQ: EXPE). The target price for EXPE is set to $31. EXPE is scheduled to report its Q2 earnings after the market closes on July 29. According to Benchmark, Expedia “could show 17% y/y gross bookings growth in 2Q10, leading to 9% y/...
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Late Market Roundup (PETS, AAPL, GE)
Monday, July 19, 2010 - 2:34pm | 296Shares of PetMed Express Inc (NASDAQ: PETS) dipped about 7% after the company reported an 11% drop in its FQ1 profit and a 3.6% fall in sales. The company posted its profit at $0.32 per share, short of the Street view of $0.38 per share. According to Menderes Akdag, PETS’ President and Chief...
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Standpoint Research Raises Overstock.com's Price Target to $33
Monday, July 19, 2010 - 10:10am | 37Standpoint Research raises Overstock.com's (Nasdaq: OSTK) price target to $33. Standpoint said Overstock has turned the corner and is undervalued at 0.5X sales.