Actionable news
All posts from Actionable news
Actionable news in NWSA: News Corporation,

News Corp beats earnings expectations, misses on revenue

News Corp reported quarterly earnings that beat and revenue that missed analysts' expectations on Thursday.

Here's how the company did compared with what Wall Street expected:

  • EPS: 11 cents vs. 9 cents, according to Thomson Reuters
  • Revenue: $2.08 billion vs. $2.1 billion, according to Thomson Reuters

Revenue fell 7 percent from the same time last year. The company reported earnings of 11 cents per share, compared with 10 cents per share in the year-ago quarter.

Rupert Murdoch's News Corp owns names such as HarperCollins, Dow Jones and the New York Post. An evolving digital media landscape and declines in advertising revenue have weighed on News Corp's flagship business news outlet, The Wall Street Journal, as it has on numerous others in the industry.

Advertising revenue for the company's news and information services declined 12 percent from the year-ago quarter, which the company attributed to a weak print advertising market. Circulation and...