News Corp. Earnings Preview: Higher Profits And No Separation Anxiety
Posted: 11/5/2012 | By: Christopher Zara | Internatonal Business Times
News Corporation (Nasdaq:NWSA) is expected to report higher
first-quarter fiscal year 2013 profits Tuesday as a boom in political ad
spending on the unbeatable Fox News helped bring double-digit earnings
growth for its cable unit, offsetting a double-digit decline in
newspaper profits for the period ending Sept. 30.
With a market capitalization
of $57.43 billion, News Corp. is expected to report first-quarter EPS
of 38 cents, up from 32 cents for the year-earlier period.