21st Century Fox (FOXA) reports after the closing bell. The company is expected to post profits of 35-cents a share down from 43-cents a year ago. Revenue is also expected to drop, but keep in mind this is because the company formerly known as Newscorp, spun off part of its business in May. Company founder and CEO Rupert Murdoch was re-elected as chairman just two weeks ago despite the protests from some shareholders. They worry the 82-year old wields too much power. 21st Century Fox shares are up 45% year-to-date.
BroadSoft (BSFT) has been down 18% on its quarterly report. The software maker had adjusted earnings of 29-cents a share missing estimates by a penny. Revenues were also below expectations at $43-million when estimates were for $45-mllion and the company lowered its outlook. Even before this drop, Broadsoft's shares were down 10% year-to-date.
Filtration company Polypore (PPO) is also plunging double-digits on its earnings which came out after yesterday's closing bell. Polypore made 24-cents a share for the period, 7-cents below expectations. As for revenues, they were roughly 10% below forecasts at $152-million. This morning's losses add to an 8% drop in share prices during 2013.
Open Table (OPEN) reports after today's close. The online reservation service has posted increasing profits for the last three quarters. And sales have risen in the last two periods. Shares of Open Table are up 40% in 2013. They're up 60% over the last year.
- Company Earnings