NETFLIX EARNINGS PLUNGE — AS DOES ITS STOCK

Netflix, which continues to show ambivalence in support of its original DVD-by-mail operation, reported an 88-percent drop in third-quarter net income Tuesday, triggering another sell-off of shares by investors. At mid-morning Netflix shares were down nearly 15 percent to 58.55 on the Nasdaq but regained some of its losses after it was reported that its […]

NETFLIX SHARES PLUNGE

Shares of Netflix were down 25 percent on the Nasdaq near the close of trading today (Wednesday) following the company’s after-hours report on Tuesday that its net income for the second quarter was down 91 percent from the same quarter a year ago. The company said that it added 530,000 subscribers to its streaming service […]

A NEW BLOW DEALT TO NETFLIX — IN LATIN AMERICA

Shares of Netflix fell 3 percent today (Thursday) after recovering from a deeper decline earlier in the day as investors reacted to news that the company’s launch in Latin America is experiencing unforeseen difficulties. Netflix launched in 43 Latin American countries last year, where growth has proved to be slower than it had been in […]

ICAHN ON HIS LIONSGATE DEBACLE: “YOU CAN’T WIN ‘EM ALL”

Carl Icahn, who dumped nearly all his shares of Lionsgate last August for about $7 per share, only to see it rise to more than double that amount in recent days following the success of Lionsgate’s The Hunger Games, has waxed philosophical about his unlucky move, which cost him $345 million. Icahn, who at one […]

HUNGER GAMES RAKES IN $68.3 MIL IN DEBUT (Update)

The Hunger Games earned $68.3 million on Friday, Lionsgate said Saturday. The figure topped the loftiest expectations. Daily Variety said that it is now on track to earn more than $140 million for the weekend. (Earlier) Lions Gate Entertainment investors, who have seen their shares in the studio soar in recent weeks on expectations that […]

LIONS GATE ROARS ON WALL STREET

Shares in Lions Gate Entertainment continued to rise on the Nasdaq today (Wednesday), two days ahead of the opening of Hunger Games, which several analysts are predicting will top $100 million in its opening weekend and perhaps even set a new box-office record. (The current record is held by Harry Potter and the Deathly Hallows: […]

LIONSGATE SHARES SOAR IN ANTICIPATION OF HUNGER GAMES ROUT

Speculation that The Hunger Games could set a box-office record this weekend has pushed Lionsgate’s stocks to its highest level ever. Shares in the studio rose to $14.50 on Monday and rose an additional 6 percent to $15.09 in late trading today (Tuesday). Only a few months ago they were trading at less than $6.00 […]

NETFLIX SHARES ZOOM ON EARNINGS REPORT

Netflix shares soared 22 percent on the Nasdaq today (Thursday) to $116.01 after the company reported stronger-than-expected fourth-quarter earnings of $41 million on a whopping 43-percent increase in revenue of $876 million. The company, which was beleaguered by subscriber losses and analysts’ downgrades after it substantially raised fees for its combined streaming and DVD-by-mail service, […]

MORE TROUBLES FOR NETFLIX

As if Netflix didn’t already have enough problems to sort out, now comes word from a website called Disclosure Insight that the online video rental company is the target of an investigation by the Securities and Exchange Commission. “In a letter dated [Dec. 1], we received information from the SEC suggesting this company was involved […]

INVESTORS SAY “AYE” TO THE EYE

Investors and analysts appear to have revised their view of CBS Corp. as the media conglomerate most exposed to the threat of another economic downturn. In the past Wall Street forecasters have generally warned that the company is at the mercy of its advertising clients, who generally cut ad spending when times become rough. But […]

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