Stocks to Watch: News Corp., Groupon, Priceline
NEW YORK -- News Corp.
News Corp. reported on Wednesday adjusted earnings per share of 36 cents for the quarter ended in March, beating analysts' estimates of 35 cents a share. Sales increased 14% to $9.5 billion, also beating estimates of $9.2 billion.
Fees that News Corp. charges pay-TV providers to carry programming such as "American Idol" as well as sporting events increased 11% for the company's U.S. properties and 42% among international channels. Advertising revenue at the domestic cable channels grew 2% in the quarter from the same period a year ago.
The quarterly report is the last before News Corp. splits its newspaper and magazines from the company's networks and film divisions.
Groupon said revenue rose 8% to $601.4 million in the March-ended quarter from $559.3 million in the year-earlier period..
The loss in the first quarter narrowed to $3.99 million, or a penny a share, from a year-earlier loss of $11.695 million, or 2 cents a share.
Excluding special items, earnings were 3 cents a share, in line with analysts' expectations.
Green Mountain Coffee Roasters
Green Mountain said sales of single-serve coffee packs rose 26% from a year earlier, offsetting a decrease in sales of Keurig brewing systems.
Revenue in the quarter rose 14% to $1 billion.
Wall Street expects Priceline.com
-- Written by Joseph Woelfel
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