Wednesday, October 18, 2017
Tuesday, October 17, 2017
NRA: The Only Organization In America That Gets Blamed...
CBS earnings to disappoint due to weak NFL ratings
The firm cut its third-quarter EPS estimates by 5 percent, citing CBS' softer Sunday NFL ratings. The media company reports on Nov. 2.
"We expect third-quarter network advertising to decline 3 percent (previously +1 percent), driven by soft ratings for both the summer schedule and for the start of the NFL season," wrote Credit Suisse analyst Omar Sheikh. "With only one of the three content licensing deals we expected for the second half announced in third quarter, we also expect content licensing revenue growth to be skewed to the fourth quarter."
Sheikh maintained his outperform rating and price target on CBS shares, which remains at $75, or 32 percent upside from Friday's close. He cut his third-quarter EPS estimate to $1.08, below Street consensus estimate of $1.12 from FactSet.
The analyst said CBS' Sunday NFL ratings are down 17 percent year over year during the first several weeks of the football season, according to the report. Sheikh released a similar report last week on Twenty-First Century Fox's earnings, which he also expects to disappoint thanks to...
HILARIOUS! RUSH: Hidden Audio Captures Bill Clinton Trying To Cure Harvey Weinstein
RUSH: Ladies and gentlemen, you’ve heard that Harvey Weinstein has, in a stealth move, flown to a clinic specializing in sex addiction. What you might not know is that Bill Clinton is on the staff at this sex-addiction clinic, and we have hidden audio of one of the first sessions.
BEGIN PARODY TRANSCRIPT
ANNOUNCER: We now take you behind the scenes as Harvey Weinstein gets the treatment he so desperately deserves.
“WEINSTEIN”: Thanks for taking me in, Bill. Nobody else understands me! You gotta ..
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