Services Sector Review: Accusations of Collusion Between Apple and Amazon, Verizon Earnings Preview
Scientific Games Corp (NASDAQ:SGMS) joint venture with Playtech has broken down and has been reduced to a strategic partnership, eGaming Review reported earlier, citing senior sources. An announcement from the companies is imminent, the magazine added. Shares of Scientific Games declined on the report, currently down 7%, or 81c, to $10.90, in mid-afternoon trading.
The shares closed at $10.90, down $0.81, or 6.92%, on the day. Its market capitalization is $1.00 billion.
Google Inc (NASDAQ:GOOG): Hacker collective Anonymous is rumored to be circling Facebook as its next target, Business Insider reports. Following the takedowns of government sites and Universal Music Group (VIVEF) last week, the group managed to divert all traffic away from CBS.com (NYSE:CBS) over the weekend.The shares closed at $585.52, down $0.47, or 0.08%, on the day. Its market capitalization is $189.64 billion.
Amazon.com, Inc. (NASDAQ:AMZN): A class-action lawsuit against Apple (NASDAQ:AAPL) and five of the six leading book publishers, accusing them of colluding to end Amazon’s (NASDAQ:AMZN) e-book pricing model, was amended to include new allegations and information believed to support the case, reported Apple Insider.
The shares closed at $186.09, down $4.84, or 2.53%, on the day. Its market capitalization is $84.63 billion.
Verizon Communications (NYSE:VZ) is expected to report Q4 earnings before the market open on Tuesday, January 24, with a conference call scheduled for 8:30 am ET. Analysts are looking for EPS of 53c on revenue of $28.39B. The consensus range is 50c-56c for EPS, and revenue of $27.99B-$28.79B, according to First Call. Verizon reported positive Q3 results, narrowly beating EPS and revenue estimates. On its Q3 conference call, the company said it emerged from Q3 in a strong position to accelerate growth. Management said the company would meet FY11 EPS targets and that it expected ARPU to improve in Q4. iPhone 4S demand continues to be strong which should boost earnings. The shares have advanced modestly since Q3 results were released, hitting a 52-week high of $40.48 in late December. Since hitting a 52-week low in August of last year, the shares are up approximately 20%, and are currently trading near its two-year highs made a month ago. With so much good news discounted in the shares, investors will need exceptional results to justify further commitments.
The shares closed at $38.40, down $0.57, or 1.46%, on the day. Its market capitalization is $108.71 billion.
Petmed Express Inc (NASDAQ:PETS): Reports revenue $50.5M vs. consensus $44.75M
The shares closed at $12.51, up $1.24, or 11%, on the day. Its market capitalization is $254.43 million.
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