Market Overview

UPDATE: News Corp Posts Narrower FQ4 Loss

Related NWSA
The Retail Parade Begins Next Week
Earnings Scheduled For November 5, 2014
What the Tribune Split Means for the Newspaper Biz (Fox Business)
Related NWS
News Corp Beats Q1 Views, Key Segment Revenue Falls 3%
5 Of The 'Scariest' Technology M&As

Late Friday, News Corp (NASDAQ: NWSA) reported a narrower fiscal fourth-quarter loss.

News Corp posted a quarterly loss of $1.11 billion, or $1.94 per share, versus a year-ago loss of $2.21 billion, or $3.83 per share.

Its revenue surged to $2.26 billion from $2.13 billion. However, analysts were expecting revenue of $2.22 billion.

For the year ended June 30, News Corp reported a profit of $506 million, or $0.87 per share, versus a year-ago loss of $2.08 billion, or $3.58 per share. Its revenue rose 2.7% to $8.89 billion. However, analysts were expecting earnings of $0.57 per share on revenue of $8.96 billion.

News Corp shares closed at $16.91 on Friday.

Posted-In: lossEarnings News

 

Related Articles (NWSA)

Around the Web, We're Loving...

Get Benzinga's Newsletters