Duck season. Rabbit season. No--earnings season. Leaders of the top cable, satellite and IPTV operators will be forced in the coming weeks to get on the phone with their investors and analysts and spill some beans. Who is losing gobs of subscribers? Who is watching program costs shred their bottom lines? It is all summarized in FierceCable 's running third-quarter earnings report diary, which can be found here.
Chinese computer maker Lenovo is reportedly preparing a bid for Canada's BlackBerry that could be made as early as this week, according to a Benzinga.com article that quotes an unnamed source. The news helped drive a spike in BlackBerry's share price.
The third-quarter earnings season is now underway and FierceCable is tracking how the pay-TV distributors, including cable MSOs, IPTV operators and satellite providers, as well as relevant programmers and technology companies, performed.
Verizon Wireless is expected to post substantial progress in the third quarter with 1.3 million postpaid net customer additions, according to analysts at Credit Suisse. AT&T Mobility, for its part, will report the addition of 800,000 postpaid net customers, the analysts predicted.
Apple reports its quarterly financial earnings later today, and analysts expect the period to be a record one for the iPhone vendor. According to a Forbes tally of analysts, Apple's quarterly sales are generally expected to increase 7.1 percent and its earnings are expected to increase 11.9 percent, and the company is expected to report a 12 percent jump in iPhone sales to 37.8 million.
How did pay-TV distributors including cable MSOs, IPTV operators and satellite providers, as well as relevant programmers and technology companies perform in 2014's third quarter? In this earnings summary, we list results for the biggest cable industry players.
Orange-owned Belgian operator Mobistar saw its mobile subscriber base grow again for the first time in eight quarters in the third quarter of 2014, and also confirmed its intention of resuming sales of fixed-line services in the final quarter of the year.
The short-seller activist investor who declared war on Globalstar is not backing down, releasing yet another scathing report against the company. In its latest salvo, hedge fund Kerrisdale Capital released a report saying it conducted tests using an independent firm, Allion Engineering Services--the same firm that Comcast uses to test its Wi-Fi--and found the test results that Globalstar filed with the FCC in June 2013 "do not reflect real-world tests."
Fiber network company Zayo Group Holdings' initial public offering (IPO) was a success when investor enthusiasm about growing commercial demand for high-speed broadband drove up the company's stock as much as 20 percent.
Wall Street analysts are generally encouraged that Verizon will bring positive news when it announces third-quarter earnings Oct. 21, with consensus estimates of a profit of 92 cents a share, up from 77 cents a year ago.