Netflix Surpasses EPS Estimates and 4 Media Titans Making Waves

Netflix, Inc. (NASDAQ:NFLX): Netflix Inc. reported their third quarter 2012 earnings of 13c per share that surpassed the Zacks Consensus Estimate of 5c. Reported earnings were at the higher end of management’s guided range of 10 c to 14 c. However, earnings plummeted from $1.16 per share from the previous-year’s quarter due to higher costs and margin contractions.

Coinstar, Inc. (NASDAQ:CSTR): Despite today’s sector speed bumps, call traders are once again converging on Coinstar, Inc. Around midday, the kiosk concern has already seen roughly 4,400 calls cross the tape, about three times their average intra-day call volume, and nearly twice the number of CSTR puts exchanged. Garnering the most attention has been the out-of-the-money November 50 call which has seen more than 2,500 contracts change hands on open interest of just 1,807 contracts, pointing to an influx of fresh initiations. What’s more, the majority of the calls have traded at the ask price, hinting at buyer-driven volume.

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Comcast Corporation (NASDAQ:CMCSA): A top lobbyist for Comcast Corp. has decided to put down his briefcase and roll up his sleeves to learn the cable business from the inside. Kyle McSlarrow, who has spent most of his professional career in Washington, D.C., is giving up his position as president of Comcast/NBC Universal Washington to become a regional Vice President of the cable giant’s mountain region and work out of Salt Lake City. Comcast’s mountain region operations are small with less than 1 million subscribers.

Dish Network Corp. (NASDAQ:DISH): According to Bloomberg Business Week, Dish Network Corp.’s Chairman, Charlie Ergen, bet that the company’s future is on a move into the wireless business. Now that strategy is in jeopardy as the united States mobile industry consolidates.

Viacom, Inc. (NYSE:VIA): Viacom, Inc. had their target price increased by RBC Capital from $54.00 to $62.00. They currently have an outperform rating on their stock.

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