Replies to post #5446 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

SFA hasn't stopped moving up for the entire session. ADLAE's loss is obviously SFA's gain. GMST earnings out tonight is similarly ENDOWED with upside. Last quarter this failed, this quarter its very risky. http://www.investorshub.com/boards/read_msg.asp?message_id=356965

GMST's upside is probably due to the raised guidance going forward from NWS, so its very iffy to hold GMST through earnings.


Reuters Company News
News Corp. posts $4 billion loss, but raises outlook

(adds net loss in first paragraph and headline)

By Derek Caney

NEW YORK, May 14 (Reuters) - News Corp. Ltd. (Australia:NCP.AX - News; NYSE:NWS - News) on Tuesday posted a third quarter net loss of $4 billion, which included a $4.2 billion write-down of its stake in Gemstar-TV Guide, but raised its full-year earnings expectations due to the strong performance of its films and signs of an advertising turnaround.


The company, controlled by media mogul Rupert Murdoch, said the animated "Ice Age," which was released in March and has grossed over $300 million at the box office so far, is expected to make a larger contribution to earnings in the current quarter.

It also said its Fox television stations benefited from increased market share and the first increase in advertising revenue in six financial quarters, helped by its airing of the National Football League's Super Bowl.

"The advertising market is showing the first clear signs of a return to health," Murdoch told analysts in a conference call. "I'm not yet prepared to declare a permanent end to the ad recession but certainly a much stronger market than we were experiencing a year or even six months ago."

On the other hand, shares of Gemstar-TV Guide International Inc. (NasdaqNM:GMST - News), which is 42 percent owned by News Corp., have lost two-thirds of their value this year amid questions over its revenue accounting methods, criticism of its patent infringement suits, a $5 billion first-quarter charge to write down goodwill from acquisitions, and the unexpected departure of its president.