Benchmark

The core message at Equinix, Inc.'s (NASDAQ: EQIX) investors day was that the company is differentiated by global scale, interconnections and an ability to enable ecosystems, Benchmark reports. “Equinix provides hubs and nodes at the edge of networks that should sustain premium value overtime,...

Viacom Inc. (NYSE: VIA) reported F4Q10 (September) total revenue growth of 5% y/y to $3.3 billion, “matching consensus despite the reclassification of Rock Band [creator, Harmonix] to discontinued operations,” Benchmark reports. “Reduced costs due to fewer film and home entertainment releases were...

Priceline.com Inc. (NASDAQ: PCLN) reported 3Q10 results and 4Q10 guidance which were well ahead of expectations, Benchmark reports. 3Q10 gross bookings improved 47% y/y, driven by 67% y/y international bookings growth. “Net revenue was $1 billion, up 37% y/y, above the high-end of guidance and...

InfoSpace (NASDAQ: INSP) reported 3Q10 that was within its prior guidance range but its 4Q outlook was soft, below expectations. Benchmark Research keeps its Buy rating. It sees potential to unlock the value of InfoSpace's tax asset through an acquisition. EBITDA in Q3 was $7 million, consisting of...

Time Warner Inc. (NYSE: TWX) reported in-line 3Q10 results, with total revenue up 2% y/y to $6.4 billion, matching consensus, driven by a 9% y/y increase in total advertising revenues, Benchmark reports. “Adjusted OIBDA grew of 3% y/y to $1.6 billion, but included a $58 million reserve reversal,...

Expedia, Inc. (NASDAQ: EXPE) reported accelerating 3Q10 transaction growth of 14% y/y, leading to 17% y/y bookings growth, ahead of Benchmark's estimate. “Net revenue of $988 million, up 16% y/y, topped consensus at $944 million as revenue margins recovered,” Benchmark writes. “OIBA growth of 15%...

Benchmark has published a research report on Crown Castle International Corporation (NYSE: CCI) after the company reported 3Q results just last night. In the report, Benchmark writes "Last night, Crown Castle (CCI) reported surprisingly strong 3Q10 results and better-than-expected 2011 guidance....

Benchmark has published a research report on GSI Commerce (NASDAQ: GSIC) after the company reported 3Q results that exceeded expectations, albeit slightly. In the report, Benchmark writes "Management offered 4Q10 revenue guidance of $529 million, up 23% y/y, matching consensus. Adjusted EBITDA...

Crown Castle International Corp. (NYSE: CCI) is scheduled to be the first tower company to report Q3 results, with a conference call Thursday at 10:30AM (480-629-9678), Benchmark reports. “We expect initial 2011 guidance that will likely be a conservative ‘starting point' for the year,” Benchmark...

Amazon.com, Inc. (NASDAQ: AMZN) reported better-than-expected 3Q10 revenue of $7.6 billion, up 39% y/y, and issued similarly impressive 4Q10 revenue guidance of 26-40% y/y growth, Benchmark reports. “However, higher costs and increased internal investment caused 3Q10 operating income margins to...

When Yahoo! Inc. (NASDAQ: YHOO) reports its 3Q10 results on Tuesday, Benchmark expects soft results as display advertising growth flattened in 3Q10 and Yahoo seemed to lose search market share. “Recent takeover speculation has driven Yahoo's share price higher,” Benchmark writes, noting that it...

When eBay, Inc.(NASDAQ: EBAY) reports its 3Q10 earnings after the market close on Wednesday, October 20, Benchmark is forecasting 3Q10 total revenue of $2.18 billion, down 3% y/y but up 6% ex-Skype, leading to EBITDA of $755 million, down 1% y/y, and adjusted EPS of $0.37. “The growth rates for US...

Benchmark reports that GSI Commerce, Inc. (NASDAQ: GSIC) faces a challenging retail environment heading into the holiday season, including significant couponing and muted consumer spending, which could hinder comparable-store growth in its core ecommerce business, offset by new partner growth and a...

Expedia, Inc. (NASDAQ: EXPE) should benefit from steady recovery in global travel demand, with mid-single digit y/y growth in domestic air travel and hotel occupancy in August, and international potentially benefiting from a rebounding Euro, Benchmark reports. “We forecast 10% y/y revenue and OIBDA...

Benchmark expects that Google, Inc.'s (NASDAQ: GOOG) solid search trends will drive $5.2 billion in net revenue, up 19% y/y. The company maintains its $600 per share target and Buy rating. “While online marketers were somewhat hesitant in July, we believe this primarily affected display and not...