News Corporation (NWS) released a profit for first quarter that Decreased from last year but beat the Street estimates.
The company's bottom line totaled $112 million, or $0.20 per share. This compares with $119 million, or $0.21 per share, last year.
Excluding items, News Corporation reported adjusted earnings of $122 million or $0.22 per share for the period.
Analysts on average had expected the company to earn $0.19 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.3% to $2.144 billion from $2.096 billion last year.
News Corporation earnings at a glance (GAAP) :
-Earnings: $112 Mln. vs. $119 Mln. last year.-EPS: $0.20 vs. $0.21 last year.-Revenue: $2.144 Bln vs. $2.096 Bln last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.