Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  News Corp    NWSA

NEWS CORP

(NWSA)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

News : tops estimates as Foxtel, books unit drive gains

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/09/2018 | 06:50pm EDT
news_corp_logo

(Reuters) - News Corp topped Wall Street profit targets on Thursday, as it benefited from gains at its newly acquired TV network and recorded double-digit growth in its real-estate listings and book publishing businesses.

News Corp's subscription video services division that includes Australian pay TV company Foxtel - acquired by Rupert Murdoch-controlled News Corp earlier this year - contributed $610 million to its overall revenue in the fourth quarter ended June 30.

The company's news business, which houses the Wall Street Journal and the New York Post, made $1.29 billion in revenue, rising 1 percent from a year earlier and accounting for almost half of overall revenue as the number of digital subscribers grew.

Revenue at News Corp's online real-estate listings unit rose 19 percent while its book publishing division - home to HarperCollins - saw a 20 percent jump in revenue.

News Corp said net loss available to shareholders narrowed to $372 million in the fourth quarter from $430 million a year earlier. Excluding one-time items, the company earned 8 cents per share, above analysts' average expectation of 6 cents, according to Thomson Reuters I/B/E/S.

Total revenue surged about 30 percent to $2.69 billion, above estimates of $2.65 billion.

(The story corrects paragraph two to say the subscription video services division, and not just Foxtel, contributed $610 million to overall revenue.)

(Reporting by Remya Padmadas in Bengaluru; Editing by Sai Sachin Ravikumar)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NEWS CORP
05/09NEWS : posts surprise profit as HarperCollins profits grow
RE
04/10Online ad firm Adevinta up 13 percent in Oslo's most valuable IPO since 2006
RE
04/09Adevinta completes more than $6 billion IPO, Norway's largest in 13 years
RE
03/26Apple News+, at $10 a month, could deliver more content than multiple subscri..
RE
03/26Apple News+, at $10 a month, could deliver more content than multiple subscri..
RE
03/25WALL STREET STOCK EXCHANGE : Wall Street Journal's Partnership With Apple Marks ..
DJ
03/12ALPHABET : News Corp's Australian arm calls for Google breakup
RE
03/04Test Your Smarts on...Market Indexes -- WSJ
DJ
03/01NEWS : Wells Fargo officials enter $240 million settlement over bogus accounts
RE
02/11LARRY ELLISON : Rolex backs Ellison's SailGP with long-term partnership
RE
More news
Financials ($)
Sales 2019 10 220 M
EBIT 2019 566 M
Net income 2019 214 M
Finance 2019 488 M
Yield 2019 1,79%
P/E ratio 2019 31,41
P/E ratio 2020 28,52
EV / Sales 2019 0,62x
EV / Sales 2020 0,58x
Capitalization 6 826 M
Chart NEWS CORP
Duration : Period :
News Corp Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NEWS CORP
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 14,0 $
Spread / Average Target 21%
EPS Revisions
Managers
NameTitle
Robert James Thomson Chief Executive Officer & Director
Lachlan Keith Murdoch Co-Chairman
Keith Rupert Murdoch Executive Co-Chairman
Susan Lee Panuccio Chief Financial Officer
Marc Frons Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
NEWS CORP3.96%6 826
NEW YORK TIMES CO55.23%5 762
DB CORP LTD15.53%495
REACH PLC--.--%297
STAR MEDIA GROUP BHD--.--%117
HT MEDIA LTD-12.31%116