News Corporation Reports First Quarter Results for Fiscal 2020
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News Corp (NWSA) Misses Q1 EPS by 1c, Revenues Miss
November 7, 2019 4:55 PM ESTNews Corp (NASDAQ: NWSA) reported Q1 EPS of $0.04, $0.01 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $2.34 billion versus the consensus estimate of $2.4 billion.
FISCAL 2020 FIRST QUARTER KEY FINANCIAL HIGHLIGHTS
Revenues were $2.34 billion, a 7% decline compared to $2.52 billion in the prior year, which reflects the negative impact from currency headwinds and the absence of a one-time benefit in the prior year relating to the exit from Sun BetsNet loss was ($211) million compared to net income of $128 million in the prior year. The loss includes non-cash impairment charges of $273... More