News Corp reports lower revenue and profit

Fri Feb 7, 2014 4:31am IST

A passer-by stands in front of the News Corporation building in New York June 28, 2012. REUTERS/Keith Bedford/Files

A passer-by stands in front of the News Corporation building in New York June 28, 2012.

Credit: Reuters/Keith Bedford/Files

Related Topics

Stocks

   

REUTERS - News Corp (NWSA.O) reported on Thursday a 4 percent decline in quarterly revenue, citing challenges at its Australian newspaper properties.

For the quarter ending December, the company said revenue was $2.24 billion, in line with analysts' estimates of $2.22 billion, according to Thomson Reuters I/B/E/S.

Net income fell to $151 million, or 26 cents per share from $1.4 billion or $2.42 per share.

(Reporting by Jennifer Saba in New York; Editing by David Gregorio)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared
A staff of a China Mobile shop explains a function of the iPhone 5s to a customer in Beijing January 17, 2014. REUTERS/Kim Kyung-Hoon/Files

Apple revenue lags Street's view despite strong China growth

Apple posted a smaller-than-expected 6 percent rise in quarterly revenue on Tuesday, but revenue surged 28 percent in greater China despite stiff competition in its third-largest market.  Full Article 

TECH SHOWCASE

Privacy Lawsuit

Privacy Lawsuit

Google must face U.S. privacy lawsuit over commingled user data.  Full Article 

New Launch

New Launch

China's Xiaomi announces latest flagship Mi 4 smartphone.  Full Article 

Class Action

Class Action

Google must face class action over kids' in-apps purchases.  Full Article 

Verizon Results

Verizon Results

Verizon revenues top estimates on wireless surge  Full Article 

Under Scrutiny

Under Scrutiny

EU antitrust regulators likely to step up Google probes - WSJ  Full Article 

Bumper Launch

Bumper Launch

PayPal signs "ten of thousands" customers in Nigerian launch  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage