News Corp Flattish On Mixed Results

Shares of News Corp NWSA traded slightly down on Monday’s after-hours session, following the announcement of the company’s fourth quarter financial results.

The firm posted adjusted EPS $0.10, which compared to a $0.13 estimate. On the other hand, sales of $2.2B billion, up five percent year over year, beat the Street’s consensus of $2.06 billion.

Management highlighted a few other figures, including income from continuing operations of $114 million, which compared to $20 million in the same quarter last year, total segment EBITDA of $361 million, up from $215 million last year. Also worth noting: the revenue of the Digital Real Estate Services segment rose by 21 percent year over year.

CEO Robert Thomson said, “We ended Fiscal Year 2016 with strong results in the fourth quarter, highlighted by robust year-over-year growth in revenues and EBITDA at Digital Real Estate Services and an upturn at HarperCollins.”

For the full year, News Corp posted total revenues of $8.3 billion, down three percent in relation to last year’s $8.5 billion in revenue, and adjusted EPS of $0.40, down from $0.59 last year.

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.