This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks to Watch: News Corp., Zynga, Kohl's

NEW YORK -- News Corp. (NWSA - Get Report) posted a quarterly loss of $1.55 billion, or 64 cents a share, after the media giant recorded a $2.9 billion write-down on its publishing assets.

Excluding the write-down, News Corp. earned 32 cents a share in the quarter, down from 35 cents a share a year earlier, but in-line with analysts' expectations.

Revenue declined 7% to $8.37 billion; analysts were calling for revenue of $8.78 billion.

News Corp. said in June that it planned to separate its struggling publishing business from its entertainment assets by next year.


Zynga (ZNGA - Get Report) Chief Operating Officer John Schappert, an industry executive who came from Electronic Arts (EA), is resigning, effectively immediately, according to an 8-K filing from the San Francisco-based social gaming company.

Schappert also resigned from Zynga's board. He was a member of the mergers and acquisitions committee of the board.

Words With Friends: Zynga COO Says 'I Quit'


Sirius XM (SIRI - Get Report) shares jumped 7.6% Wednesday to $2.48 on news that Liberty Media will spin off the Starz cable network into a separate company, providing Liberty with more cash to pursue the satellite radio company.

Liberty Media owns more than 40% of Sirius' common shares.

Sirius also announced plans Wednesday to sell $400 million of debt, due in 2022.

Liberty Media May Pursue Sirius: Tech Winners & Losers


Retailer Kohl's (KSS - Get Report) is expected by analysts Thursday to post quarterly earnings of 96 cents a share on revenue of $4.21 billion.


Wendy's (WEN - Get Report), the fast-food chain, is expected by analysts to earn 5 cents a share in its latest quarter on sales of $647.9 million.


Brinker (EAT), the restaurant company, is expected by analysts to post fiscal-fourth quarter earnings of 58 cents a share on revenue of $734.3 million.


-- Written by Joseph Woelfel



>To contact the writer of this article, click here: Joseph Woelfel

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
ZNGA $2.93 0.00%
KSS $66.10 0.00%
NWSA $15.54 0.00%
SIRI $3.91 0.00%
WEN $11.36 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs