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Stock Market & Financial Investment News

News Breaks
February 6, 2013
12:55 EDTNWSAEarnings Preview: News Corp. trades higher ahead of publishing spin-off
News Corp. (NWSA) is scheduled to report Q2 earnings after the market closes on Wednesday, February 6, with a conference call scheduled for 4:30 pm ET. News Corp. is a global media company that operates the Fox News and Fox Sports channels, Fox Filmed Entertainment which includes Twentieth Century Fox, and publishes the Wall Street Journal, among other media, entertainment, and publishing interests... EXPECTATIONS: Analysts are looking for EPS of 42c on revenues of $9.27B, according to First Call. The consensus range for EPS is 40c-45c on revenue of $9.15B-$9.5B... LAST QUARTER: News Corp. reported Q1 adjusted EPS of 43c against estimates for 38c on revenue of $8.14B against estimates for $8.26B. On its Q1 conference call, News Corp. said results continue to be driven by its cable channels business. The company also said it is targeting $3B-$4B per year in stock repurchases. In December, News Corp. announced its intention to split into two publicly traded companies, with Robert Thomson to be named CEO of News Corporation, which will include the company's publishing interests, while Rupert Murdoch will serve as CEO of Fox Group, which will include the company's media and entertainment interests... STREET RESEARCH: Analyst commentary since News Corp.'s Q1 earnings has been positive, with shares most recently upgraded on January 28 to Overweight from Equal Weight at Morgan Stanley with a $32 price target. Morgan Stanley also added News Corp. to its Best Ideas list, citing opportunities for growth following the publishing spin-off, which is expected by the middle of this year. Earlier in January, Bernstein upgraded shares to Market Perform from Outperform. The day after its Q1 report, CLSA upgraded shares to Buy from Outperform... PRICE ACTION: Shares of News Corp. are up over 16%, since the first day of trading following its Q1 report, but are down 0.4% in midday trading ahead of this afternoon's Q2 report.
News For NWSA From The Last 14 Days
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March 2, 2015
07:51 EDTNWSANews Corp likely to rehire Rebekah Brooks to lead digital efforts, NY Times says
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February 26, 2015
14:06 EDTNWSANY Daily News hires Lazard to explore sale, Buzzfeed reports
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February 24, 2015
15:15 EDTNWSAZillow granted temporary order to keep ListHub listings on Trulia, Inman reports
Zillow Group (Z) has been granted a temporary restraining order to continue receiving listings from ListHub, which is owned by a News Corp. (NWSA) subsidiary, reported real estate industry publication Inman, citing a statement from Trulia president Paul Levine. In a statement, ListHub owner Move Inc. said, “We look forward to another ‘liberating moment’ for Zillow on March 12, when we will have the opportunity to make our full case in court. In the meantime, we are happy to continue supplying the industry’s best data.” Reference Link
February 20, 2015
14:36 EDTNWSAZillow sues to maintain ListHub listings on Trulia, GeekWire reports
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