News Corp: EPS slightly better than expected in Q2
(CercleFinance.com) - On Thursday evening News Corp published Q2 EPS that is down at 14 cents, compared to 16 cents for the same period a year ago.
Adjusted EPS was 18 cents, one cent above the consensus.
The media group saw its segment EBITDA drop 4% to 355 million dollars, for revenues that are down 6% at 2.48 billion dollars, mainly due to currency fluctuations and an unfavourable comparison basis in book publishing.
The group has also highlighted lower subscription revenues at Foxtel, a drop in print advertising revenue in news and information services, as well as persistent pressure at REA Group, which is related to difficulties in the Australian housing market.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
Adjusted EPS was 18 cents, one cent above the consensus.
The media group saw its segment EBITDA drop 4% to 355 million dollars, for revenues that are down 6% at 2.48 billion dollars, mainly due to currency fluctuations and an unfavourable comparison basis in book publishing.
The group has also highlighted lower subscription revenues at Foxtel, a drop in print advertising revenue in news and information services, as well as persistent pressure at REA Group, which is related to difficulties in the Australian housing market.
Copyright (c) 2020 CercleFinance.com. All rights reserved.