News Corp (NWSA) reported quarterly earnings results on Thursday, May-5-2016. The company reported $0.04 EPS for the quarter. Analysts had a consensus estimate of $0.04. The company posted revenue of $1891.00 million in the period, compared to analysts expectations of $1926.19 million. The company’s revenue was down -7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.
News Corp closed down -0.08 points or -0.65% at $12.15 with 21,63,247 shares getting traded on Wednesday. Post opening the session at $12.16, the shares hit an intraday low of $12.065 and an intraday high of $12.305 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
News Corporation is a diversified media and information services company. The Company is focused on creating and distributing content to consumers and businesses throughout the world. The Company operates through six segments: News and Information Services; Book Publishing; Digital Real Estate Services; Cable Network Programming; Digital Education and Other. The Company comprises businesses across a range of media including news and information services book publishing digital real estate services cable network programming in Australia digital education and pay-television distribution in Australia that are distributed under brands including the Wall Street Journal Dow Jones the Australian Herald Sun the Sun the Times HarperCollins Publishers FOX SPORTS Australia realestate.com.au realtor.com and Foxtel. The Company also owns around 50% stake in Foxtel the pay-television provider in Australia which is accounted for as an equity investment.