Market Overview

UPDATE: News Corp Posts Higher FQ2 Profit, Lowers Annual Forecast

Share:
Related NWSA
Mason Hawkins Likes Chemtura, Melco Crown; Doesn't Like Berkshire Hathaway
What Steven Cohen Is Doing With His Personal Wealth
Bill Nygren Focuses On Apache Corp. (GuruFocus)

News Corp (NASDAQ: NWSA) reported higher fiscal second-quarter profit and revenue. However, the company lowered its outlook for annual earnings.

News Corp's quarterly earnings rose to $2.38 billion, or $1.01 per share, versus $1.06 billion, or $0.42 per share, in the year-ago period. Excluding special items, its earnings climbed to $0.44 per share from $0.39 per share.

Its revenue gained 5% to $9.43 billion. However, analysts were expecting earnings of $0.43 per share on revenue of $9.26 billion.

News Corp shares declined 4.32% to $27.00 in the after-hours trading session.

Posted-In: profitEarnings News Guidance

 

Related Articles (NWSA)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→