What a difference a month makes.
Redbox parent Coinstar (CSTR) was being dragged through the mud last month after it issued a much weaker-than-expected outlook for the first quarter.
But guess what? Redbox really came through. Coinstar reported earnings per share that trumped forecasts by a wide margin.
Revenue fell short of forecasts and Coinstar's operating margin declined,but Redbox gained market share and its revenue rose 1% as the company added new MORE
Catherine Tymkiw - Apr 26, 2013 11:39 AM ET
Coach is back in the game! Shares of the luxury handbag maker jumped 10% Tuesday after the company blew past earnings and revenue expectations thanks to solid sales growth around the world.
Overall revenue climbed 7% during the fiscal third quarter to $1.19 billion, with sales rising 7% in North America and 6% in international markets. Sales in China were among the strongest, climbing a whopping 40%.
"We're pleased with...the progress we're MORE
Hibah Yousuf - Apr 23, 2013 12:01 PM ET
Netflix CEO Reed Hastings caused a stir last year after he revealed that Netflix's monthly online viewing had exceeded one billion hours on his Facebook page instead of a press release or public filing. That raised concerns about whether social media posts were in compliance with the Securities and Exchange Commission's Regulation Fair Disclosure (Regulation FD) rules.
But following an investigation prompted by Hastings' post, the SEC has decided it's MORE
Hibah Yousuf - Apr 2, 2013 4:24 PM ET
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
The proverbial "they" say that the cream rises to the top. Well, "they" clearly haven't looked at the stock market this year.
Stocks are about to wrap up a stellar first quarter. The Dow has hit MORE
Paul R. La Monica - Mar 28, 2013 1:47 PM ET
How's this for a House of Cards? Netflix (NFLX) is the best-performing stock in the S&P 500 so far this year. Shares have more than doubled as investors have once again become optimistic about the company's growth prospects.
Netflix rose nearly 5% Tuesday after Pacific Crest analyst Andy Hargreaves boosted his price target on the stock to $225. That's up from his earlier forecast of $160 and is nearly 20% higher MORE
Paul R. La Monica - Mar 26, 2013 12:22 PM ET
Netflix (NFLX) announced Wednesday that users can now share their movie and TV show viewing history on Facebook. That news helped boost shares of Netflix, already the best-performing stock in the S&P 500 this year, by 6%.
But Facebook? Not so much.
Facebook's (FB) stock fell more than 2%, continuing a slide since the social network reported fourth-quarter earnings back in January. Shares are now down 10% since that report.
It's an understatement MORE
Paul R. La Monica - Mar 13, 2013 12:43 PM ET
Redbox is not Netflix. And Redbox parent Coinstar (CSTR) clearly doesn't have the momentum of Netflix's stock.
Shares of Coinstar tumbled 8% Friday after the company issued a much weaker-than-expected earnings and sales forecast for the first quarter late Thursday.
But Netflix (NFLX) has nearly doubled this year while Coinstar is down year-to-date and is closer to its 52-week low than its 52-week high.
That's why some traders on StockTwits were labeling the MORE
Paul R. La Monica - Feb 8, 2013 12:01 PM ET
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
Qwikster, shmikster! Netflix (NFLX) is back!
Shares have nearly doubled so far this year and aren't far below where they were in mid-September of 2011.
If you've stuck with Netflix shares since those dark days of price MORE
Paul R. La Monica - Feb 7, 2013 12:38 PM ET
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
Netflix investors have a reason to be in a good mood: Shares of the online video company were trading over $100 Tuesday morning. They haven't closed above the century mark since last April.
The stock is MORE
Paul R. La Monica - Jan 8, 2013 1:32 PM ET
Netflix has more competition, but investors seem to think that the streaming video market is big enough for both of them.
Coinstar, the parent of Redbox, and Verizon (VZ) said Tuesday that they had reached an agreement with movie studios and device makers to "bring thousands of popular movies to consumers at home and on the go."
The joint venture, called Redbox Instant, will cost $8 per month, which is what Netflix MORE
Ben Rooney - Dec 12, 2012 1:07 PM ET