94.43 0.00 (0.00%)
After hours: 5:19PM EDT
|Bid||0.00 x 3200|
|Ask||94.99 x 1300|
|Day's Range||94.40 - 95.05|
|52 Week Range||85.88 - 103.90|
|PE Ratio (TTM)||14.23|
|Forward Dividend & Yield||1.61 (1.70%)|
|1y Target Est||N/A|
On April 25, Comcast (CMCSA) reported impressive first-quarter results, delivering better-than-expected earnings and revenue. The media and cable giant has exceeded earnings expectations for the past five consecutive quarters. Comcast reported adjusted EPS (earnings per share) of $0.62 in the first quarter.
On April 29, T-Mobile (TMUS) announced its merger with peer telecom (telecommunications) company Sprint (S), where 0.103 shares of T-Mobile will be given for each Sprint share (or 9.75 shares of Sprint for each share of T-Mobile). Following the merger, T-Mobile’s parent company, Deutsche Telekom, and Sprint’s parent, SoftBank, are expected to hold ~41.7% and ~27.4%, respectively, of the combined company, with the remainder scheduled to be held by the public.
Five months after ending their merger discussions, T-Mobile (TMUS) and Sprint (S) have again decided to come together. On April 29, T-Mobile announced an all-stock offer for Sprint shareholders that would give Sprint an implied enterprise value of $59.0 billion. The proposed merger between the third- and the fourth-largest companies in the wireless space marks the third attempt by the companies to form a telecom (telecommunications) giant enough to compete with top players Verizon (VZ) and AT&T (T) in the industry.
At least, in this case, Wade Wilson would approve of the sarcasm. Anyway, Deadpool 2 just snagged an opening day that is bigger (sans inflation) than Green Lantern's entire opening weekend ($53.1m in 2011). In this case, Deadpool 2 broke the records set both by Deadpool and It among R-rated giants.
Brian Henson's long-in-development R-rated muppet murder mystery is pretty high on the must-see list this summer, and it's one of the more ambitious "not based on anything" releases this year. Melissa McCarthy is probably going to have a pretty good year. The comic actress just debuted Life of the Party, another one of her mid-to-low budget comic vehicles co-wrote by McCarthy and husband Ben Falcone and directed by Falcone, to what likely will be a $32.5m ten-day total on a $30m budget. Since breaking out in Bridesmaids just over seven years ago (where she helped power Paul Feig's leggy Kristen Wiig vehicle to $288m worldwide on $17m budget), McCarthy has become a true-blue "face in the trailer" movie star.
Deadpool earned $47.3 million on opening day, meaning it earned $34.6m on its “pure Friday” and 26.8% of its opening day via advance-night screenings. It earned a record-breaking $50.4m on its opening day, meaning it earned $36.9m on its “pure Friday” and 26.7% of its opening day via advance-night previews. It and Deadpool were neck-and-neck for Thursday, Friday and Saturday (It made $44.9m while Deadpool earned $42.5m on Saturday).
Solo: A Star Wars Story screenwriter Jonathan Kasdan made news yesterday via The Huffington Post when discussing his assertion that Donald Glover's Lando Calrissian is pansexual, specifically in terms of his sexuality affinity for (at least) human women and female robots (his droid co-pilot, voiced by Phoebe Waller-Bridge). To be fair, Kasdan was answering a specific question from interviewer Bill Bradley, so it's not necessarily the same as declaring to the world that Lando is a member of the LGBTQIA community without offering any onscreen evidence of such. The "he's bi when you're not looking" tease is just another example of filmmakers openly admitting to penning gay or bi characters in their big-scale tentpoles without those characters actually acting gay (or merely being gay) in the movies in question.
In the first quarter, T-Mobile (TMUS) posted adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of ~$2.96 billion, a 9% sequential rise and a 10.8% YoY (year-over-year) rise.
If the Georgia-filmed “Life of the Party” sounds like a gender-bended “Back to School,” Rodney Dangerfield’s 1986 movie about a guy enrolling in the same college as his kid, that’s because it kinda is, writes film critic Eleanor Ringel-Cater.
On May 9, Walt Disney (DIS) had a market capitalization of ~$149 billion, higher than peers Netflix (NFLX) and Comcast (CMCSA), which have market caps of ~$144 billion and ~$141 billion, respectively. In the media space, this metric for Time Warner (TWX) and Dish Network (DISH) reached ~$72.3 billion and ~$14.5 billion, respectively, on the same date.
The landmark decision means that New Jersey and other states, on a state-by-state basis, can choose to legalize sports betting within their own state. It is a decision that the NBA opposed, because even though NBA Commissioner Adam Silver has advocated for legalized sports betting, the leagues want it legalized at the federal level, rather than state-by-state, which is likely to result in a messy legal landscape for the time being. (The NBA reiterated in a statement after the ruling, "We remain in favor of a federal framework that would provide a uniform approach to sports gambling in states that choose to permit it.") Nonetheless, count Atlanta Hawks majority owner Tony Ressler in the camp of owners happy with the ruling.
Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.