Services Sector Review: Amazon Top Retail Mobile Site, Netflix Denied

Cumulus Media Inc. (NASDAQ:CMLS): Reports Q4 revenue $290.21M, consensus $296.2M.

The shares closed at $3.21, down $0.28, or 8.02%, on the day. Its market capitalization is $453.68 million.

Google Inc. (NASDAQ:GOOG): Retail websites are more popular than retail apps, and Amazon (NASDAQ:AMZN) is the most popular retail mobile website of all, Nielsen reported after analyzing smartphone usage during the 2011 holiday season. Smartphone owners of both genders prefer retailers’ mobile websites over mobile apps, with men slightly more likely to try retailers’ mobile apps than women, added Nielsen. However, consumers who use retailers’ mobile apps tend to spend more time on them, the firm said.

The shares closed at $605.15, up $4.9, or 0.82%, on the day. Its market capitalization is $196.76 billion.

AT&T Inc. (NYSE:T): AT&T plans to roll out 4G LTE in Cleveland soon, the company said. In addition to Cleveland, AT&T 4G LTE is also coming to Akron and Canton, Ohio; Naples, Fla.; Bloomington, Lafayette and Muncie, Ind.; Baton Rouge and New Orleans, La.; St. Louis, Mo; Bryan-College Station, Texas; and Staten Island in New York City, said AT&T. These launches are scheduled for April, May and into the early summer, the company added.

The shares closed at $31.44, up $0.26, or 0.83%, on the day. Its market capitalization is $186.40 billion.

Intl. Business Machines (NYSE:IBM): IBM (NYSE:IBM) is well on track to achieving its 2015 growth targets, said CEO Virginia Ginni Rometty in her first annual letter to shareholders, reports Bloomberg. She again said the computer services provider looks to generate at least $20 a share in operating earnings by 2015.

The shares closed at $201.00, up $0.38, or 0.19%, on the day. Its market capitalization is $232.89 billion.

Netflix, Inc. (NASDAQ:NFLX): Comcast (NASDAQ:CMCSA), DirecTV (NASDAQ:DTV), and DISH Network (NASDAQ:DISH) are not interested in carrying Netflix, reports Deadline, citing SNL Kagan. One other cable company may offer Netflix on an experimental basis.

The shares closed at $106.20, down $2.93, or 2.68%, on the day. Its market capitalization is $5.89 billion.

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To contact the reporter on this story: Stella Mariz at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com