Coinstar Now Accepting Red Cross Donations and 4 Media Titans Making Waves
AOL (NYSE:AOL) saw an earnings loss of 7 cents a year ago, but analysts are forecasting positive news when the firm posts this year’s third quarter numbers next Tuesday, with a profit of 17 cents per share. In the past three months, consensus estimate has dropped from 18 cents, and for the fiscal year, earnings of $11.23 per share are anticipated. One year after a revenue of $531.7 million, analysts think that revenue should drop 1.9 percent year-over-year to $521.6 million for the quarter. For 2012, revenue of $2.15 billion is expected and has decreased in each of the previous four quarters. Currently, analysts are divided on AOL, but four of 10 rate it Hold and sentiment about the company has weakened during the last three months. However, shares have risen from $32.63 on August 3rd to $34.34 over the past quarter.
Netflix (NASDAQ:NFLX) saw the activist investor Carl Icahn taking a 10 percent stake in the firm on Wednesday. For his part, Icahn believes that Netflix in undervalued and he noted in a regulatory filing that he thinks it should explore a sale or other ways through which to increase its value. In a Bloomberg TV interview, Icahn remarked that, “I believe that there is going to be great consolidation between Netflix and, everybody’s read about it, Amazon or Microsoft or Verizon or Google (NASDAQ:GOOG), there are so many possible combinations.”
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Coinstar (NASDAQ:CSTR) joins its employees and all Americans in supporting the Hurricane Sandy relief efforts by partnering with the American Red Cross. Those who wish may donate their spare change at more than 14,000 Coinstar® donation-enabled kiosks nationwide and and Red Cross will receive the money within 48 hours.
Time Warner Cable (NYSE:TWC) has been sending multiple vehicles equipped with Wi-Fi access points and charging stations into areas of New York City as the company offers more help for mobile device owners in the City who are without power or Internet access as a result of Sandy. Anyone who can make their way to one of the vehicles will be able to charge their tablet, smartphone, or laptop, and tap into a 4 gigabyte Wi-Fi connection to get online. New Yorkers who can access Twitter can find out which areas are on the route by checking the company’s Twitter feed. Also, Time Warner retail stores on Staten Island and in the Queens Center Mall are permitting people to come in and recharge their mobile devices. Currently, all Time Warner outlets in and around New York City are open as of Thursday, except for one store located on East 23rd Street in Manhattan and another in Mt. Vernon.
SIRIUS XM Radio’s (NASDAQ:SIRI) third quarter results met expectations on revenues and on earnings per share. Year-over-year, revenue grew and GAAP earnings per share fell. Gross margins and operating margins rose, but net margins fell. The firm posted revenue of $867.4 million. Ten analysts polled by S&P Capital IQ anticipated revenue of $867.2 million on the same basis, and GAAP reported sales were 14 percent higher year-over-year from $762.6 million.
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