Midday movers: Disney, Time Warner, Tesla

Stocks are lower, putting the averages on course to extend their slide into a second day.

By MSN Money Partner Aug 7, 2013 1:23PM
copyright SuperStock, CorbislogoInformation provided by Theflyonthewall.com

Two of the biggest names in television and entertainment reported results Tuesday night and their stocks moved in opposite directions this morning. Disney's (DIS) earnings excluding certain items beat forecasts. However, its revenues missed expectations and the company said it expects to record a fourth-quarter loss of $160M to $190M on its failed "Lone Ranger" film, sending its shares down about 2% at midday. 

Twenty-First Century Fox (FOXA), which recently separated from News Corporation (NWSA), rose almost 2% in spite of adjusted earnings falling short of expectations, as its revenue beat consensus.

A federal appeals court revived Apple's (AAPL) patent claim against Google's (GOOG) Motorola unit, sending the case back to the ITC for further proceedings. 

Among the notable gainers was Time Warner (TWX), which gained 2% after its quarterly results beat expectations and the company raised its full year adjusted earnings growth forecast. 

Also higher were shares of AOL (AOL), which rose nearly 2% after its quarterly results also beat analysts' consensus and the company agreed to buy Adap.tv, a programmatic video advertising platform, for $405M in cash and stock. 

Among the noteworthy losers after its quarterly report was Ralph Lauren (RL), which slid more than 6%. Also falling about 6% was Tesla Motors (TSLA), ahead of its second-quarter report, due Wednesday night. A report also circulated that the electric carmaker may face trademark challenges as it tries to enter the Chinese market.  

0Comments

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

124
124 rated 1
279
279 rated 2
471
471 rated 3
714
714 rated 4
642
642 rated 5
604
604 rated 6
614
614 rated 7
450
450 rated 8
303
303 rated 9
115
115 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
ARCPAMERICAN REALTY CAPITAL PROPERTIES Inc10
BIDUBAIDU Inc10
CITCIT GROUP Inc NEW10
HPQHEWLETT PACKARD CO10
ITUBITAU UNIBANCO BANCO MULTIPLO S.A.10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.