News Q4 EPS $0.14 Beats $0.09 Estimate, Sales $2.43B Miss $2.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
News Corp (NASDAQ:NWS) reported Q4 earnings of $0.14 per share, beating the analyst consensus estimate of $0.09 by 55.56%. However, the company's quarterly sales of $2.43 billion missed the analyst consensus estimate of $2.48 billion by 2.02%. This represents a 62.16% decrease in earnings and a 9.12% decrease in sales compared to the same period last year.
August 10, 2023 | 8:15 pm
News sentiment analysis
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NEGATIVE IMPACT
News Corp's Q4 earnings exceeded expectations but sales did not meet estimates. Compared to last year, earnings and sales have significantly decreased.
News Corp's earnings beat estimates, which is a positive signal. However, the company's sales missed estimates, which is a negative signal. Additionally, both earnings and sales have decreased significantly compared to the same period last year. This mixed result could lead to uncertainty among investors, potentially negatively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100