News Corp (NWSA) Misses Q1 EPS by 1c, Revenues Miss

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Go back to News Corp (NWSA) Misses Q1 EPS by 1c, Revenues Miss

News Corporation Reports First Quarter Results for Fiscal 2020

November 7, 2019 4:45 PM EST

FISCAL 2020 FIRST QUARTER KEY FINANCIAL HIGHLIGHTS

Revenues were $2.34 billion, a 7% decline compared to $2.52 billion in the prior year, which reflects the negative impact from currency headwinds and the absence of a one-time benefit in the prior year relating to the exit from Sun Bets Net loss was ($211) million compared to net income of $128 million in the prior year.  The loss includes non-cash impairment charges of $273 million Total Segment EBITDA was $221 million compared to $358 million in the prior year Reported EPS were ($0.39) compared to $0.17 in the prior year Adjusted EPS... More