News Q3 2024 Adj EPS $0.11 Beats $0.10 Estimate, Sales $2.420B Miss $2.453B Estimate
Portfolio Pulse from Benzinga Newsdesk
News Corp (NASDAQ:NWSA) reported Q3 2024 earnings of $0.11 per share, surpassing the consensus estimate of $0.10. However, their quarterly sales of $2.420 billion fell short of the expected $2.453 billion, marking a 1.10% decrease from the previous year.
May 08, 2024 | 8:16 pm
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News Corp's Q3 2024 earnings exceeded expectations at $0.11 per share against a $0.10 forecast, but sales missed estimates, coming in at $2.420 billion versus the expected $2.453 billion.
The positive earnings surprise could provide a short-term boost to NWSA's stock price, reflecting efficient operational management. However, the revenue miss, especially when it indicates a year-over-year decline, might temper investor enthusiasm. The mixed results present a neutral to slightly positive outlook, as the earnings beat may offset concerns about the sales miss to some extent.
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