News Corp (NWSA) Releases Earnings Results, Misses Expectations By $-0.03 EPS

News Corp (NWSA) reported quarterly earnings results on Monday, Aug-8-2016. The company reported $0.10 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.13. The company posted revenue of $2226.00 million in the period, compared to analysts expectations of $2062.77 million. The company’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

News Corp opened for trading at $12.79 and hit $13.01 on the upside on Friday, eventually ending the session at $12.83, with a gain of 0.71% or 0.09 points. The heightened volatility saw the trading volume jump to 22,91,925 shares. Company has a market cap of $7,441 M.

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 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.

News Corp

Leave a Reply

News Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on News Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.