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Albert Fried Projecting STRONG resultsTarget $23... at least Tullo isn't pumping some imminent large European deal to be announced like some other wacky analyst... http://www.benzinga.com/analyst-ratings/analyst-color/14/11/5037781/albert-fried-projecting-tivo-to-report-strong-q3-results TiVo Inc. TIVO 0.15% is scheduled to report its third-quarter results Tuesday after market close. Rich Tullo of Albert Fried & Company is projecting the company will earn $0.16 per share on revenue of $90 million, both estimates above the $0.07 per share and $87.93 million analysts are expecting. "We drive our upside from a modestly improving economy in Southern Europe where TiVo has roll-out underway with ONO and domestic Romeo driven upgrade cycles at Sudden Link and RNC," Tullo wrote in a note on Tuesday. Tullo is also projecting the company will remain profitable and post a net income before taxes of $22 million, as the company benefits from improved operating costs and no significant legal expenses related to its IP lawsuits. During the company's post-earnings conference call, Tullo expects the company to discuss new initiatives in the MVPD segment as well as its Digital Smiths acquisition. Shares are Overweight rated with a $23 price target. |
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Msg # | Subject | Author | Recs | Date Posted |
122137 | Re: Albert Fried Projecting STRONG results | tivonomo | 1 | 11/25/2014 4:14:41 PM |
122149 | Re: Albert Fried Projecting STRONG results | tivonomo | 0 | 12/1/2014 4:25:16 PM |