Two major media giants getting set to report earnings this week: DreamWorks & IAC/Interactive.
For DreamWorks Animation, the Street is expecting a 27 percent decline in quarterly revenue to $99 million, with the company posting a loss of 3 cents per share.
Vasily Karasyov, an analyst at Susquehanna Financial Group says that it is widely expected that earnings will come in light because of the media giant's current film schedule. Karasyov goes on to say that a movie named Turbo is coming out in July and that could likely be a catalyst for the stock. Shares of DreamWorks have had a nice run this year, up roughly 16 percent.