NBC Helps Drive Comcast Earnings, Chesapeake’s Strong Quarter, and 3 Other Hot Stocks

Comcast Corp. (NASDAQ:CMCSA): Though broadcasting revenues were down, strong performance from NBCUniversal helped spur revenue growth of 4.7 percent, and clocking in at $15.31 billion for the quarter — just $0.15 billion shy of estimates. Earnings per share of $0.51 beat projections by $0.01, and cash flow and operating income also showed healthy growth. A gain of 583,000 new high-speed Internet and voice customers during the quarter takes the company’s total to 51.9 million.

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CMCSA

Chesapeake Energy Corp. (NYSE:CHK): It’s been a strong quarter for energy companies, and Chesapeake is no exception. The company beat earnings estimates by $0.05, with $0.30 per share. Revenue was also substantial, at $3.42 billion, or about $0.57 billion over projections. Total production rose 9 percent year-over-year, and now sits at 4 billion cubic feet per day. The company projects that full year 2013 production expenses will be around $0.85-$0.90/mcfe for the year, down $0.05 from its prior guidance.

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CHK

CVS Caremark (NYSE:CVS): Earnings of $0.83 beat by $0.03 per share, and revenue of $30.7 billion beat by $0.34 billion. Volume increases for pharmaceuticals and drug cost inflation helped to offset expansion of generics, while pharmacy network claims increased 4.3 percent to 207.1 million.

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CVS

Amgen (NASDAQ:AMGN): Goldman Sachs has upgraded the company to its Conviction Buy list, with a price target of $130 up from $100, citing a “more favorable combination of catalysts and upside potential.” ”We project that AMGN’s pipeline (key readouts in 1Q14-2015) and own biosimilars (first launch in 2017) will allow it to replace the potential revenue that could be lost to competition and grow its base,” Goldman analyst Terence Flynn said.

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AMGN

Bankrate Inc. (NYSE:RATE): Shares are soaring over 17 percent following an impressive quarterly report, in which the company’s earnings of $0.12 beat by $0.03, and revenue of $108.4 million beat by $5.05 million. A 16 percent growth in revenue makes this the first “Q/Q growth since we began culling low performing lead sources a year ago,” CEO Thomas Evans said. In response to analyst questions about seasonality, CFO Edward DiMaria responded: ”Conversions were up, traffic was up, so we think its more than just the normal seasonality,” he said.

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RATE

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