Live Updates: Netflix, Inc. (NASDAQ: NFLX), Spirit Airlines Incorporated (NYSE: SAVE )
Wolfe Research weighs in on Spirit Airlines Incorporated (NYSE: SAVE ) after the airline posted revenue per available seat mile growth of -6.8% to edge past the consensus estimate of analysts.
“RASM came in at the high end of the initial range (-6.8% y/y compared to range of -6.5% to -7.5% y/y), even with management’s assertion that completion factor drove a 50p RASM headwind,” observes analyst Hunter Keay.
Keay calls the report good news and reminds that Spirit’s operational performance now ranks among the best in the industry.
Spirit is rated by Wolfe at Market Perform.
Looking at the prestige side of the TV business a year after streaming services made major strides in Emmy nominations, Netflix, Inc. (NASDAQ: NFLX) 411.15 USD −7.50 (1.79%) has surpassed HBO (T +1.1%) in nominations for the first time, a comment on the company’s enormous original-content budget and ambitions.
Netflix pulled 112 nominations to HBO’s 108; last year, HBO had 110 nominations to Netflix’s 91.
After missing the cutoff due to scheduling last year, HBO’s Game of Thrones is back in the running and led all series with 22 nods, vs. 21 each for NBC’s Saturday Night Live (CMCSA +1.7%) and HBO’s Westworld. (The latter two programs were last year’s leaders with 22 nominations each.)
Just behind them was Hulu’s breakout original hit The Handmaid’s Tale with 20 nominations. (CMCSA, DIS +0.7%, FOX -0.6%, FOXA -0.5%, T).
NBC (NASDAQ:CMCSA) led broadcast networks with 78 nominations, while FX (FOX) had 50 nominations, most for basic cable. CBS had 34 nominations; ABC 31; Hulu 27 overall.
Tags: Inc. (NASDAQ: NFLX), Netflix, NFLX, Spirit Airlines Incorporated (NYSE: SAVE )