Investing.com - News Corp A reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
News Corp A announced earnings per share of $0.12 on revenue of $2.5B. Analysts polled by Investing.com anticipated EPS of $0.15 on revenue of $2.49B.
News Corp A shares are down 16% from the beginning of the year , still down 29.66% from its 52 week high of $24.30 set on Tuesday, November 9, 2021.
News Corp A follows other major Communication Services sector earnings this month
News Corp A's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on Wednesday, October 26, 2022 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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