the republic logo

News Corp. tops 1Q earnings and revenue expectations


NEW YORK — News Corp. (NWSA) on Wednesday reported fiscal first-quarter net income of $65 million.

The New York-based company said it had profit of 11 cents per share. Earnings, adjusted for non-recurring gains, came to 9 cents per share.

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The publishing company whose flagship is The Wall Street Journal posted revenue of $2.15 billion in the period, also exceeding Street forecasts. Analysts expected $2.09 billion, according to Zacks.

News Corp. shares have declined 15 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 9.5 percent. In the final minutes of trading on Wednesday, shares hit $15.30, a decline of 13 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. NWSA stock research report from Zacks.


Keywords:News Corp.,Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.