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Saturday, December 3, 2011

Company Earnings News: (ASCMA)

Ascent Capital Group, Inc (ASCMA) announced their most recent earnings results for the quarter ended in September 2011. Analysts were expecting $1.27 per share, and the company reported $1.7 per share. Earnings beat analyst estimates by 33.86%. Investors could expect the stock price to increase as results were better than expected. Further analysis may need to be done to determine whether the upswing will come to effect. Guidance and revenue estimates must be taken into consideration. A total of 1 analyst is currently covering this company. Shares of ASCMA traded higher by 2.88% or $1.3/share to $46.50. In the past year, the shares have traded as low as $32.84 and as high as $58.37. On average, 43410 shares of ASCMA exchange hands on a given day and today's volume is recorded at 24816.