Posted in company, funds, sectors, tickers

Media Sector Gains

Approximately 72% of U.S. companies have already posted first-quarter 2016 earnings results. Following worse-than-expected releases from the banking sector, media companies are grabbing the spotlight this week.

Time Warner Inc (TWX) surged 3.30% or $2.43 to $76.07 in morning session after the film producer posted adjusted earnings of $1.49 per share and revenue slightly above forecasts.

21st Century Fox Inc (FOXA) and  Rupert Murdoch’s News Corp (NWSA) will release third-quarter earnings and revenue on May 5, while The Walt Disney Co (DIS) will post second-quarter 2016 results after the market close on Tuesday, May 10.

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