Time Warner (TWX) reports its first quarter since completion of its restructuring on Wednesday morning. The company no longer owns cable systems and is not a content focused company with greater than 2/3rds of operating income coming from film and TV production and cable networks. Consensus estimates call for EPS of 38 cents, revenue of […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2009-04-27 10:07:522009-04-27 10:07:52Time Warner Earnings Preview: It’s All About Advertising Growth
The box office boom of 2009 continued last weekend with the top 12 films up 30% vs. a year ago. Led by another surprisingly large opening in the #! Spot, the weekend was also helped by decent openings for other newcomers and good holds for hits form earlier this year. Year-to-date the box office is […]
NII Holdings reported better than expected 1Q09 earnings today. I have been torn on this stock for months, particularly since the company pre-announced lower than expected subscriber counts a couple of weeks ago. The quarter has pushed me to the bullish camp and I now plan to hold the shares. EPS of 43 cents beat […]
Apple reported another blowout quarter with revenues and gross margins far exceeding expectations and driving EPS to $1.33 vs. consensus of $1.09 and whisper numbers in the $1.15 to $1.20 range. Guidance is typically conservative and about 10% below current analyst estimates which is normal. There is really very little to complain about. In my […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2009-04-22 17:09:482009-04-22 17:09:48Another Blowout for Apple Supports More Upside
AT&T reported better than expected 1Q09 results. The upside was driven by margins in both the wireline and wireless business segments. Cost control and better than forecast benefits from the iPhone were the drivers as revenues fell a bit shy of estimates. Overall, EPS of 53 cents beat the 48 estimate handily. It was a […]
Apple reports its 2Q09 results after the close on Wednesday. As usual with Apple the stock will react to guidance unless the quarterly numbers are a major surprise. The stock has rallied sharply this year, up about 40%. This dramatically raises the expectations bar for short-term traders. In addition, good results and a huge stock […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2009-04-21 10:52:552009-04-21 10:52:55Apple Earnings Preview: Should Be Good But It’s Always About Guidance
AT&T reports 1Q09 results before the open on Wednesday. Current consensus calls for EPS of 48 cents on revenues of $31.1 billion. EBITDA is expected to be about $10.1 billion. Estimates have been pretty stable over the past 90 days after taking a big hit due to the economy and pension accounting. The stock has […]
Apple reports its March quarter next week. The stock sits near its 2009 high, up about 40%. Each time the stock has pulled back buyers show up and take it right back up. Recently, the chatter on the street has been bullish as iPhone and Mac demand appears to be holding up better than expected. […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2009-04-16 10:08:592009-04-16 10:08:59Apple Still Has Upside
I have been following advertising forecasts closely for many years. I have long thought that Zenith Optimedia provided some of the best forecasts and had the most insights into big picture trends. However, Zenith has been way behind the curve on this downturn. As a result, I find little value in their latest forecast cut […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2009-04-14 13:10:472009-04-14 13:10:47Ad Forecast Cut is Not New News
SNL Kagan has an article out today discussing the potential upgrade to 4G wireless networks. The article quotes a recent forecast from Cisco Systems (CSCO) with some astonishing statistics: • Global mobile traffic will exceed two exabytes/month by 2013 (An exabyte is equal to: 1 billion gigabytes; 1,000 petabytes; 250 million DVDs); • Global mobile […]
https://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gif00Steve Birenberghttps://dev.northlakecapital.com/wp-content/uploads/2026/02/nl_logo.gifSteve Birenberg2009-04-14 08:54:402009-04-14 08:54:40Playing the Mobile Data Explosion
Time Warner Earnings Preview: It’s All About Advertising Growth
Time Warner (TWX) reports its first quarter since completion of its restructuring on Wednesday morning. The company no longer owns cable systems and is not a content focused company with greater than 2/3rds of operating income coming from film and TV production and cable networks. Consensus estimates call for EPS of 38 cents, revenue of […]
Box Office Boom Continues But Look Out Ahead
The box office boom of 2009 continued last weekend with the top 12 films up 30% vs. a year ago. Led by another surprisingly large opening in the #! Spot, the weekend was also helped by decent openings for other newcomers and good holds for hits form earlier this year. Year-to-date the box office is […]
NII Holdings: Skies are Clearing
NII Holdings reported better than expected 1Q09 earnings today. I have been torn on this stock for months, particularly since the company pre-announced lower than expected subscriber counts a couple of weeks ago. The quarter has pushed me to the bullish camp and I now plan to hold the shares. EPS of 43 cents beat […]
Another Blowout for Apple Supports More Upside
Apple reported another blowout quarter with revenues and gross margins far exceeding expectations and driving EPS to $1.33 vs. consensus of $1.09 and whisper numbers in the $1.15 to $1.20 range. Guidance is typically conservative and about 10% below current analyst estimates which is normal. There is really very little to complain about. In my […]
Clean Beat for AT&T — Shares Headed Higher
AT&T reported better than expected 1Q09 results. The upside was driven by margins in both the wireline and wireless business segments. Cost control and better than forecast benefits from the iPhone were the drivers as revenues fell a bit shy of estimates. Overall, EPS of 53 cents beat the 48 estimate handily. It was a […]
Apple Earnings Preview: Should Be Good But It’s Always About Guidance
Apple reports its 2Q09 results after the close on Wednesday. As usual with Apple the stock will react to guidance unless the quarterly numbers are a major surprise. The stock has rallied sharply this year, up about 40%. This dramatically raises the expectations bar for short-term traders. In addition, good results and a huge stock […]
AT&T 1Q09 Earnings Preview
AT&T reports 1Q09 results before the open on Wednesday. Current consensus calls for EPS of 48 cents on revenues of $31.1 billion. EBITDA is expected to be about $10.1 billion. Estimates have been pretty stable over the past 90 days after taking a big hit due to the economy and pension accounting. The stock has […]
Apple Still Has Upside
Apple reports its March quarter next week. The stock sits near its 2009 high, up about 40%. Each time the stock has pulled back buyers show up and take it right back up. Recently, the chatter on the street has been bullish as iPhone and Mac demand appears to be holding up better than expected. […]
Ad Forecast Cut is Not New News
I have been following advertising forecasts closely for many years. I have long thought that Zenith Optimedia provided some of the best forecasts and had the most insights into big picture trends. However, Zenith has been way behind the curve on this downturn. As a result, I find little value in their latest forecast cut […]
Playing the Mobile Data Explosion
SNL Kagan has an article out today discussing the potential upgrade to 4G wireless networks. The article quotes a recent forecast from Cisco Systems (CSCO) with some astonishing statistics: • Global mobile traffic will exceed two exabytes/month by 2013 (An exabyte is equal to: 1 billion gigabytes; 1,000 petabytes; 250 million DVDs); • Global mobile […]