Needham & Company Maintains a 'Hold' on News Corp. (NWSA); Q3 Preview

Needham & Company maintains a 'Hold' on News Corp. (NASDAQ: NWSA).

Analyst, Laura Martin, said, "NWSA is expected to report FY3Q12 earnings in late April/early May, 2012. We are lowering our estimates for NWSA’s FY3Q12 revenue by 2% to $8.2B (down 1%y/y), segment EBIT by 7% to $1.2B (up 5% y/y), and Operating EPS by 8% to $0.30 (up 15% y/y)...Our downward revisions are being driven by: 13% lower than previously expected revenue and 24% lower EBIT for the Television segment due to difficult comparisons with 3Q11, which included the broadcast of the Super Bowl."

For an analyst ratings summary and ratings history on News Corp. click here. For more ratings news on News Corp. click here.

Shares of News Corp. closed at $20.25 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• JD.com (JD) Reiterated at Buy by Benchmark Amid Earnings Recovery
• Freedom Broker Upgrades Lifeway Foods (LWAY) to Buy
• UBS Reiterates Buy Rating on NVIDIA (NVDA), Expects Q2 Revenue Beat