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

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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)

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