CLSA Upgrades Starz (STRZA) to Buy
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Starz Reports Second Quarter 2015 Financial Results
July 29, 2015 7:30 AM EDTENGLEWOOD, Colo.--(BUSINESS WIRE)--
Starz (NASDAQ: STRZA, STRZB) today reported second quarter 2015 results. Highlights include(1):
Financial Highlights:
Reported consolidated revenue of $417.7 million; Adjusted OIBDA(2) of $123.4 million; operating income of $110.5 million and fully diluted earnings per share of $0.59 Starz Networks reported revenue of $333.3 million up 2%; Adjusted OIBDA of $122.2 million and operating income of $110.9 million were both consistent with prior year resultsOperating Highlights:
Increased STARZ subscriptions by 1.5 million to 23.5 million since June 30, 2014 STARZ Originals 2015 slate performing well; pipeline fortified Power returned for second season to... More