Services Sector Review: Abercrombie Outlook, Twitter Not Ready to Go Public

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Abercrombie & Fitch Co. (NYSE:ANF): For 2012, sees greater than $300M in revenue contribution from 2011 store openings, continued strong DTC growth. The company sees close to 40 international Hollister store openings in 2012. Sees approximately $50Mnegative FX impact at current rates, approximately $70M negative sales impact from 2011 store closures. Comments from slides that will be presented on the Q4 earnings conference call.

The shares closed at $48.30, up $3.71, or 8.32%, on the day. Its market capitalization is $4.15 billion.

Vonage Holdings Corp. (NYSE:VG): Reports Q4 revenue $215.7M vs. consensus $218.01M

The shares closed at $2.40, down $0.33, or 12.09%, on the day. Its market capitalization is $541.34 million.

Google Inc (NASDAQ:GOOG): Twitter’s CEO Dick Costolo told staffers in an internal e-mail that “We’re not ready to be a public company for a couple years,” preferring to wait until quarterly earnings growth is more “predictable,” according to CNNMoney. The desire to avoid the SEC’s “500 shareholder rule,” which would force the company to publish its results, has led Twitter to restrict stockholders from selling more than 20% of their shares, the story noted.

The shares closed at $605.56, down $4.2, or 0.69%, on the day. Its market capitalization is $196.89 billion.

Amazon.com, Inc. (NASDAQ:AMZN): Amazon China (NASDAQ:AMZN) has pulled Apple’s (NASDAQ:AAPL) iPad 2 from sale after Chinese courts ruled Apple does not hold rights to the name, Slash Gear reports. Sales of the device continue on Apple’s own online store in China as well as other third-party retailers, Slash Gear adds. The decision to pull the iPad 2 from sale on Amazon China was at Apple’s own request, Sina Tech reports, according to Slash Gear.

The shares closed at $184.47, down $6.83, or 3.57%, on the day. Its market capitalization is $83.95 billion.

Comcast Corporation (NASDAQ:CMCSA)┬áreported Q4 EPS of 47c, compared with analysts’ consensus estimate of 41c. The company’s revenue also came in higher than expected. Moreover, Comcast announced that it would raise its dividend 44%, to 65c per share per year, and said it would repurchase $6.5B of its own shares in 2012. Comcast’s high-speed Internet revenue surged 10.1%, and its business service revenue jumped 36.8%. The company lost 17,000 video customers in Q4, the lowest number of customer it has lost in almost five years. Comcast believes that its improvements are sustainable, according to the company’s CEO Brian Roberts. “As we begin 2012, the strength of our businesses and free cash flow generation will allow us to continue to build value and consistently return capital to shareholders,” said Roberts. In early trading, Comcast rose $1.49, or 5.47%, to $28.74. Other cable companies also advanced, with Time Warner Cable (NYSE:TWC) adding $1.29, or 1.70%, to $77.21 and Cablevision (NYSE:CVC) climbing 27c, or 1.86%, to $14.82.

The shares closed at $28.52, up $1.27, or 4.66%, on the day. Its market capitalization is $77.71 billion.

Intl. Business Machines (NYSE:IBM) announced that it has completed its acquisition of DemandTec. The acquisition further extends IBM’s Smarter Commerce initiative by adding cloud-based software to help companies drive profitability through measurable pricing, promotion, and assortment planning. With the closing of the acquisition, approximately 350 DemandTec employees will join IBM’s Software Group, which is a key driver of growth and profitability for the company.

The shares closed at $192.25, up $0.03, or 0.02%, on the day. Its market capitalization is $226.59 billion.

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