The expectation is pretty high, about 70 percent leap in quarterly earnings. This FX thing may be over-played by the traders to give reasons for a sell-off (so they can buy cheap?). News or BHP or AMC etc. does not earn everything in US$ and pay all their bills in A$. It is just the converted currency for reporting purposes only. They are not cash related and has nothing to do with the company's health or wealth. Trust good old Rupert, he will pull a couple of rabbits tomorrow. Perhaps the surprise is in UK with SkyB where only days ago young James took over the management? Many investors say it is improper but a good way of shutting the shareholders up is to stuff money into their pockets.
