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:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

Barack Obama in India

Reuters Showcase

Climate Change

Climate Change

U.S.-China climate deal does not put pressure on India, says Modi  Full Article 

Bangladesh Politics

Bangladesh Politics

Bangladesh charges opposition chief with instigating attack on bus  Full Article 

Ukraine Crisis

Ukraine Crisis

Rebels press Ukraine offensive, Obama promises steps against Russian-backed "aggression"  Full Article 

Australian Open

Australian Open

Sweet revenge for Murray as old guard hold firm   Full Article 

Box Office

Box Office

Eastwood's "American Sniper" continues as U.S. box office juggernaut   Full Article 

Boko Haram Fight

Boko Haram Fight

Nigeria repels suspected Boko Haram attack on Maiduguri city  Full Article 

Movie Review

Movie Review

Dolly ki Doli is a breezy watch, writes Shilpa Jamkhandikar.  Full Article | Related Story 

Akshay Kumar's Latest

Akshay Kumar's Latest

"Baby" is a smartly written, well-acted film  Full Article 

Reuters India Mobile

Reuters India Mobile

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