Worth Watching Intraday Movers: News Corp (NASDAQ:NWSA), Companhia Siderurgica Nacional (ADR)(NYSE:SID)

On Thursday, Shares of News Corp (NASDAQ:NWSA), subtract -0.25% and closed at $11.95 in the last trading session. The last trading range of the stock ranges between $11.85 and $12.17. News Corporation (“News Corp” or the “Company”) (NWS) (NWSA) (NWS.AX) (NWSLV.AX) today reported financial results for the three months ended September 30, 2016.

Commenting on the results, Chief Executive Robert Thomson said:

“News Corp made real progress as it continued to drive higher digital revenues and position the Company for long-term growth. While the quarter presented some obvious challenges, particularly in print advertising and the weakness of the Pound Sterling, our revenues were relatively stable, underscoring the strength and scale of our portfolio and shift to digital.

Our Digital Real Estate Services segment posted another strong quarter with an 18% year-over-year revenue increase and is on a clear path to reshape the character of News Corp. At Realtor.com®, we generated solid revenue growth even as we retooled our product offerings. We expect that momentum to accelerate this year and to contribute meaningfully to EBITDA.

Companhia Siderurgica Nacional (ADR)(NYSE:SID), subtract -1.77% and closed at $3.33 in the last trading session. The last trading range of the stock ranges between $3.32 and $3.44. The company’s Market capitalization is $4.66 Billion with the total Outstanding Shares of 1.36 billion. Companhia Siderúrgica Nacional operates as an integrated steel producer in Brazil. It operates through five segments: Steel, Mining, Logistics, Cement, and Energy. It offers flat steel; slabs; hot-rolled products, counting heavy and light-gauge hot-rolled coils and sheets; cold-rolled products comprising cold-rolled coils and sheets; galvanized sheets and coils; tin mill products that consist of flat-rolled low-carbon steel coils or sheets; profiles, sections, channels, UPE sections, and steel sleepers; and long steel products. The company mainly explores for iron ore reserves at Casa de Pedra mine located in the city of Congonhas in the state of Minas Gerais, Brazil. It sells iron ore products in Asia, Europe, and Brazil. The company also engages in logistics business comprising railway and port facilities; produces and sells cement; and generates electric power from its thermoelectric co-generation and hydroelectric power plants. The company also exports its products.

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