News Corporation Reports Second Quarter Results for Fiscal 2019

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Go back to News Corporation Reports Second Quarter Results for Fiscal 2019

News Corp (NWSA) Tops Q2 EPS by 3c, Slight Miss on Revenues

February 7, 2019 4:27 PM EST

News Corp (NASDAQ: NWSA) reported Q2 EPS of $0.18, $0.03 better than the analyst estimate of $0.15. Revenue for the quarter came in at $2.63 billion versus the consensus estimate of $2.63 billion.

Revenues of $2.63 billion, a 21% increase compared to $2.18 billion in the prior year, reflecting the consolidation of Foxtel and continued strength at the Book Publishing and Digital Real Estate Services segmentsNet income was $119 million compared to a net loss of ($66) million, which included a $174 million negative impact related to the U.S. Tax Cuts and Jobs Act in the prior yearTotal Segment EBITDA... More