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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 20, 2015
06:28 EDTNWSAReuters' news sites 'inaccessible' in China, Reuters reports
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March 19, 2015
05:24 EDTNWSANews Corp builds investment plan in APN News to 14.99% stake
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March 16, 2015
15:13 EDTNWSANews Corp. management to meet with Jefferies
Meeting to be held in Boston on March 20 hosted by Jefferies.
10:44 EDTNWSANetflix retreats after cut to sell on competition, cost concerns
The shares of Netflix (NFLX) are falling after research firm Evercore ISI downgraded the stock to Sell from Hold. Increased competition will force the company to increase its investments and the return from those investments is uncertain, the firm contends. WHAT'S NEW: In the U.S., technological advancements are enabling content providers to sell their programming to a wider range of Internet video distributors, Evercore ISI analyst Ken Sena wrote in a note to investors earlier today. Moreover, content providers themselves are now able to stream more of their programming online and obtain higher profits from doing so, Sena reported. The analyst noted that Apple (AAPL) recently obtained a three month exclusive deal to stream content form Time Warner's (TWX) HBO Now, while Yahoo (YHOO), Amazon (AMZN), and Hulu (DIS, CMCSA, NWSA) are all reportedly interested in obtaining streaming rights to "Seinfeld." Netflix's international expansion will not be sufficient to offset the increased competition, especially because foreign viewers are likely to watch less TV and be less interested in paying for TV content, the analyst believes. Furthermore, Netflix will face more competition from other Internet TV services overseas than in the U.S., according to Sena, who cut his 2015 consolidated operating income estimate for the company by 26% to $381M from $517M previously. In addition to cutting his rating, Sena lowered his price target on the shares to $380 from $450. PRICE ACTION: In early trading, Netflix sank $16, or 3.7%, to $422.
March 12, 2015
14:59 EDTNWSAListhub announces settlement with Trulia, Bloomberg reports
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13:49 EDTNWSATrulia denied preliminary injunction in fight with ListHub
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13:17 EDTNWSAJudge tentatively denies injunction sought by Trulia, Bloomberg says
A judge in San Francisco tentatively denied Trulia's attempt to be granted a preliminary injection that would keep ListHub's listings on its website, according to Bloomberg. ListHub is owned by a News Corp. (NWSA) subsidiary. Trulia is part of Zillow Group (Z).

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