News Corp reports lower revenue and profit
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)
- Tweet this
- Share this
- Digg this
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.
Trending On Reuters
Barack Obama in India
In a glow of bonhomie, U.S. President Barack Obama and Indian Prime Minister Narendra Modi unveiled plans to unlock billions of dollars in nuclear trade and to deepen defence ties, steps they hope will establish an enduring strategic partnership. Read | Slideshow
- Video: Modi receives Obama at the airport
- "We have a deal" - insurance may unlock India-U.S. atomic trade
- U.S.-China climate deal does not put pressure on India, says Modi
- Obama backs India's solar goals, seeks support for climate talks
- Column - U.S. and India: Two democracies should join to balance China's rise
Rebels press Ukraine offensive, Obama promises steps against Russian-backed "aggression" Full Article