Services Sector Quick Snapshot; News Corp (NWSA) Sells IGN Entertainment Websites to J2 Global (JCOM) – NWSA, JCOM, T, APKT, NFLX, MHP

Monday’s trading session data confirmed that services sector reacted negatively with -1.14% change. Acme Packet, Inc (NASDAQ:APKT) and Netflix, Inc (NASDAQ:NFLX) were major percentage gainers in this sector while key decliner was The McGraw-Hill Companies, Inc (NYSE:MHP).

News Corp (NASDAQ:NWSA) sold its IGN Entertainment websites to J2 Global Inc’s (NASDAQ:JCOM) Ziff Davis for a secret amount.

The company reported in a statement on Monday that the deal will add to J2 Global’s 2013 earnings, without transition outlays.

The price is below the $100 million News Corp’s sought for the business, a person with knowledge about the pact reported previous week.

News Corp’s YTD performance was recorded as 9.55% while its market capitalization was $65.52 billion. The company has P/B ratio of 2.51 while P/E ratio was booked as 25.40. Institutional ownership owns 93.79% shares of the company while beta factor, which is used to measure riskiness of the security, was 1.50. Net profit margin of the company was 8.61% while its gross profit margin was 38.38%.

J2 Global Inc has market capitalization of $1.47 billion. Its current ratio was 7.1 while its shares were looking forward SMA50 with 3.13. The company offered earnings per share of 2.55 while its 45.87 million shares were outstanding. YTD performance of the stock was 4.61%.

AT&T Inc. (NYSE:T) has the market capitalization of $196.62 billion. The company’s EPS was 1.21 while its 5.58 billion shares were outstanding. Its institutional ownership was 56.82%. Shares of the company were moving ahead of SMA50 with 4.22% while its YTD performance was 5.86%.

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