Benzinga | May 6, 2021 05:14PM EDT

News: Q3 Earnings Insights

Shares of News (NASDAQ:NWSA) fell in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 200.00% year over year to $0.09, which beat the estimate of $0.04.

Revenue of $2,335,000,000 higher by 3.05% year over year, which beat the estimate of $2,190,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

News hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: May 06, 2021

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/v27ow8v7

Price Action

52-week high: $27.68

52-week low: $9.46

Price action over last quarter: Up 22.53%

Company Description

News Corporation is a media conglomerate with large presence in the U.S, the U.K., and Australia. Key brands include The Wall Street Journal, Herald Sun, and The Times. The company also has a strong presence in the Australian pay-TV market through Fox Sports and Foxtel (both 65%-owned), while its 62%-owned REA Group is the dominant real estate classified business in Australia. In addition, it owns HarperCollins, one of the largest book publishers globally, and also has a substantial digital property advertising business (Move) in the U.S.