News Q2 2024 Adj EPS $0.26 Beats $0.19 Estimate, Sales $2.59B Beat $2.55B Estimate
Portfolio Pulse from Benzinga Newsdesk
News Corp (NASDAQ:NWSA) reported Q2 2024 earnings per share (EPS) of $0.26, surpassing the consensus estimate of $0.19 by 36.84%. Quarterly sales reached $2.59 billion, exceeding expectations of $2.55 billion by 1.40% and marking a 2.74% increase from the previous year.
February 07, 2024 | 9:19 pm
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News Corp (NASDAQ:NWSA) reported a significant beat on both EPS and sales estimates for Q2 2024, with EPS at $0.26 against a $0.19 estimate and sales of $2.59 billion against a $2.55 billion estimate.
Beating both EPS and sales estimates significantly, especially by 36.84% for EPS, indicates strong financial health and operational efficiency. This outperformance, coupled with a year-over-year sales increase of 2.74%, is likely to instill investor confidence and could lead to a positive short-term impact on NWSA's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100