Comcast Revenue Predicted to Spike 12% and 4 Media Titans Making Waves
Coinstar, Inc. (NASDAQ:CSTR) dropped nearly 5 percent during 2012, and it is trailing the broader S&P 500 Index (SPX) by about 17 percentage points during the past two months. Currently, the shares have begun to falter below the $44 to $46 range. As previously mentioned, December-40 strike call buyers need the stock to find a perch atop the $45.20 level by expiration, which has nor been seen for the past two weeks.
CBS Corporation (NYSE:CBS): CBS (NYSE:CBS) Television Distribution along with Yahoo! (NASDAQ:YHOO) announced a deal combining the broadcasting power of THE INSIDER with the online reach of Yahoo!. The deal requires CTD’s syndicated entertainment newsmagazine THE INSIDER to be be renamed omg! Insider in January 2013 for the creation of a multiplatform entertainment news series.
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Comcast Corporation (NASDAQ:CMCSA) is expected by analysts to show a higher profit when the company reports Q3 results on Friday, October 26, 2012. The consensus estimate calls for a profit of 46 cents a share, which reflects an increase from 33 cents per share the previous year. The consensus estimate has risen from the previous three months when it was 45 cents, but it didn’t change over the past month. For the fiscal year, analysts expect earnings of $1.93 per share, and revenue is predicted to be $16.06 billion for the quarter, which is 12 percent higher than the previous year’s total of $14.34 billion. For the year, revenue is expected to reach
DIRECTV, Inc. (NASDAQ:DTV): According to a report that was posted yesterday afternoon,DirecTV is considering purchasing Brazilian broadband service provider, GVT, possibly slowing the company’s efforts to repurchase its stock, reports Investors Business Daily.
News Corp. (NASDAQ:NWSA): Last week, the Los Angeles Times and Reuters reported that executives from Rupert Murdoch-owned News Corp. began preliminary negotiations with Tribune’s debt holders for a purchase of the newspapers after Chicago-based Tribune Co. emerges from bankruptcy. Tribune’s creditors include Los Angeles-based Oaktree Capital Management, currently holding the biggest stake at 22 percent. Reuters has corrected the story, claiming that its source retracted the information, but the L.A. Times continues to stand by its story, reports Bloomberg.