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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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July 30, 2014
14:51 EDTNWSANews Corp. considering app-based news service, FT says
News Corp. is working on an app-based news service and will decide in the next few weeks whether to launch the service, which would combine original reporting with repurposed content from its properties, said Financial Times, citing people familiar with the matter. Reference Link

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