Comcast (CMCSA) shareholders anxious to hear about 2016 stock buybacks will wait as customary until the cable TV and media company releases Q4 earnings in January, says its new chief financial officer, who plans to keep investing in NBCUniversal and its cable systems to spur revenue growth. “It’s always been this (Comcast) team and my personal view that highest priority is to make sure we are giving our businesses all the capital they need to win
Twitter (TWTR) got a price target cut on Thursday from Brean Capital, which said it expects the microblog to show a major growth slowdown when it reports Q2 earnings after the close Tuesday. Brean lowered its price target on Twitter stock to 47 from 55 but maintained a buy rating. The investment bank expects Twitter to post revenue of $472.2 million, near the low end of Twitter’s guidance of $470 million to $485 million and below Wall Street
Shares in online file storage company Box (BOX) fell for the second straight day following the expiration of its IPO lock-up period. Los Altos, Calif.-based Box’s stock was down more than 1% in late-afternoon trading in the stock market today. Earlier, Box stock fell as much as 2.9% and touched a record low of 16.15. Shares fell 2.5% on Wednesday. Box’s January IPO raised $175 million, selling 12.5 million shares at 14. Lock-up periods prevent