CHICAGO, Nov. 7, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Sprint Corp. (NYSE:S-Free Report), DISH Network Corp. (Nasdaq:DISH-Free Report), Charter Communications Inc. (Nasdaq:CHTR-Free Report), Qualcomm Inc. (Nasdaq:QCOM-Free Report) and Cincinnati Bell Inc. (NYSE:CBB-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday's Analyst Blog:
Telecom Stock Roundup
Last week, the telecom sector did not witness any notable event. In fact, telecom giant Sprint Corp. (NYSE:S-Free Report) along with cable TV operators DISH Network Corp. (Nasdaq:DISH-Free Report) and Charter Communications Inc. (Nasdaq:CHTR-Free Report) reported dismal financial results. Sprint lost a substantial number of postpaid wireless subscribers, while DISH and Charter Communications continues to lose video customers.
Moreover, Qualcomm Inc. (Nasdaq:QCOM-Free Report), globally the largest mobile chipset developer, reported lackluster earnings results and also provided a disappointing financial outlook.
On the other hand, small-sized and regional telecom operators such as Cincinnati Bell Inc. (NYSE:CBB-Free Report) posted better-than-expected third quarter 2014 earnings results.
Recap of the Week's Most Important Stories
1. Sprint reported disappointing financial results for the second quarter of fiscal 2014. Both the top and the bottom lines fell below the respective Zacks Consensus Estimate. Quarterly net loss stood at $765 million or 19 cents per share compared with a net loss of $699 million or 18 cents per share in the year-ago quarter.
Net loss per share of 19 cents was significantly wider than the Zacks Consensus Estimate of 5 cents. Quarterly total revenue came in at $8,488 million, up 9% year over year but failed to meet the Zacks Consensus Estimate of $8,651 million. (Read More:Sprint Posts Wider-Than-Expected Q2 Loss, Shares Slide.)
2. DISH Network declared dismal third-quarter 2014 financial numbers, wherein both the bottom and the top line missed the Zacks Consensus Estimate. Quarterly net income came in at $145.5 million or 31 cents per share compared with net income of $314.9 million or 68 cent in the year-ago quarter.
Earnings also missed the Zacks Consensus Estimate of 41 cents. Quarterly total revenue stood at approximately $3,679.3 million, up 5% year over year but below the Zacks Consensus Estimate of $3,701 million. (Read More: DISH Network Misses Q3 Earnings, Revenue Estimates.)
3. Charter Communications reported disappointing financial results for the third quarter of 2014. GAAP net loss in the reported quarter stood at $53 million or 49 cents per share compared with a net loss of $70 million or 68 cents per share in the year-ago quarter. Quarterly, loss per share of 49 cents was significantly wider than the Zacks Consensus Estimate of a loss of 5 cents. Total revenue in the reported quarter came in at $2,287 million, up 8% year over year but slightly below the Zacks Consensus Estimate of $2,291 million. (Read More: Charter Communications Q3 Loss Wider than Expected.)
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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