Needham & Company Maintains a 'Buy' on News Corp. (NWSA); FY4Q11 Earnings Preview

Needham & Company maintains a 'Buy' on News Corp. (NASDAQ: NWSA), PT $20.

Needham analyst says, "We estimate that NWSA will report revenue of $8.379B, up 3% y/y, Segment EBIT of $1.327B, up 42% y/y and EPS from Operations of $0.30, flat y/y...Changes from our previous estimates include better than expected results in Television due to lower production costs because the slow “24” is no longer being produced...This positive will be offset by lower profit expectations in Filmed Entertainment due to higher than anticipated marketing costs for Mr. Popper’s Penguins and Rise of the Planet of the Apes as well as continued higher losses in “Other”."

For more ratings news on News Corp. click here and for the rating history of News Corp. click here.

Shares of News Corp. closed at $18.13 yesterday.

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