CLSA Downgrades Starz (STRZA) to Underperform
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Starz Reports Third Quarter 2015 Financial Results
October 29, 2015 4:05 PM EDTENGLEWOOD, Colo.--(BUSINESS WIRE)-- Starz (NASDAQ: STRZA, STRZB) today reported third quarter 2015 results. Highlights include (1):
Financial Highlights:
Reported consolidated revenue of $404.1 million; Adjusted OIBDA(2) of $114.7 million; operating income of $101.8 million and fully diluted earnings per share of $0.56 Starz Networks reported revenue of $329.3 million, up 1%; Adjusted OIBDA of $113.1 million, up 3% and operating income of $101.6 million, up 2% as compared to the prior year resultsOperating Highlights:
Increased STARZ subscriptions by 1 million to 23.3 million since September 30, 2014 More than 100 countries/territories... More