Tuesday, May 4, 2010

Earnings | Third-quarter earnings pop on 'Avatar'

Record box-office receipts from Avatar, coupled with growth in its cable, broadcast and newspaper operations fueled third-quarter earnings, surpassing forecasts and propelled shares in after-hours trading, the company just announced.

Amid a broad market selloff, MarketWatch says, NWS shares fell this afternoon by 3.8% to end trading at $17.68, but the stock climbed 3% in after-hours trading.

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