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News Corp.: Fiscal 4Q Earnings Snapshot

August 9, 2018

NEW YORK (AP) _ News Corp. (NWS) on Thursday reported a loss of $371 million in its fiscal fourth quarter.

On a per-share basis, the New York-based company said it had a loss of 64 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, were 8 cents per share.

The publishing company whose flagship is The Wall Street Journal posted revenue of $2.69 billion in the period.

For the year, the company reported that its loss widened to $1.51 billion, or $2.60 per share. Revenue was reported as $9.02 billion.

News Corp. shares have fallen 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.40, a rise of nearly 6 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NWS at https://www.zacks.com/ap/NWS

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