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News Corp. Q4 Sales Of $8.4B Miss Estimates, Takes $2.9B Charge On Publishing Business

News Corporation has just reported its quarterly earnings. For Q4 it had revenues of $8.4 billion with earnings per share of $0.32, down compared to the year before (Q4 2011 the company reported revenues of $9 billion). The earnings per share met analysts expectations, but revenues fell short, with analysts expecting $8.722 billion. Those estimate numbers were down by 11% and 3% respectively on the same quarter a year ago, on the back of pressures in advertising in its publishing sector and a less blockbusters in the entertainment division of the...

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Published By: Tech Crunch - Wednesday, 8 August, 2012