- Barrons.com•31 minutes ago
Shares of U.S. cable giant (CMCSA) are up $1.32, or 2%, in pre-market trading, after the company this morning reported Q2 revenue and profit that topped analysts' expectations, driven by a rise cable broadband subscribers and the theme parks business, offset by a difficult comparison to the company's stronger box office in 2005. The highlights of the conference call following, however, were more about (NFLX), , and how Comcast will prevent from Revenue in the three months ended in June rose 2.8%, year over year, to $19.27 billion, yielding EPS of 83 cents. Revenue for was down 40% as the company failed to match blockbusters from a year earlier such as "Jurassic World" and "Furious 7." On a following the report, an upbeat Roberts was asked how Comcast is positioning its licensing deals for the content it owns, given that it is working with Netflix and Hulu and other streaming platforms.
- Market Realist•53 minutes ago
Netflix (NFLX) expects to spend ~$5 billion on content acquisition in 2016. Currently, 10% of its content spending is on original content.
|Bid||90.29 x 100|
|Ask||90.31 x 100|
|52wk Range||79.95 - 133.27|
|Day's Range||90.25 - 91.60|
|Avg Vol (3m)||12,999,314|
As of 10:00 AM EDT. NasdaqGS Real Time Price. Market open.