News Corp. Fourth-Quarter & Year Earnings: Missed Quarter Revenue And Beat Quarter Earnings & Yearly Revenue

News Corp. (NWS - Snapshot Report) (NWSA - Analyst Report) is the New York City headquartered conglomerate helmed by Executive Chairman, and avid newspaper collector, Rupert Murdoch, and distributes a diversified selection of media, news, education, and other information services.

The company is most recognized products are The Wall Street Journal, the New York Post, The Daily Telegraph, Fox News Channel, and The Courier Mail, as well as green-lighting films such as The Happening, All About Steve, and Red Tails.

Currently, NWS has a Zacks Rank #2 (Buy) and NWSA has a Zacks Rank #3 (Hold), which are subject to change following the release of the company’s latest earnings report. We have highlighted some of the key statistics from this just announced report below:

Earnings: News Corp. just beat out our consensus EPS predication of $0.05 (NWS - Snapshot Report) and $0.06 (NWSA - Analyst Report) for the quarter, listing a $0.07 EPS for Q4. That is a surprise percentage increase of 40% for NWS and 16.67% increase for NWSA.

Revenues: News Corp.’s revenues just missed out on our consensus estimate. The company posted $2.14 billion in revenues, compared to our $2.191 billion estimate.

Key Statistic to Note: For the 2015 fiscal year, News Corp. reported $8.63 billion in total revenues for the year, which is a 1% increase compared to 2014 fiscal year total of $8.57 billion in revenue.

Furthermore, the company reports the new loss per share available to News Corp. stockholders was $0.26 compared to the net income per share available to the company’s shareholders of $0.41 in the previous year, as well as an adjusted EPS of $0.47 compared to $0.46 in the prior year.

Important Tidbit: New Corp. declared its first semi-annual cash dividend of $0.10 per share for Class A Common Stock (NWSA - Analyst Report) and Class B Common Stock (NWS - Snapshot Report). The dividend is payable on October 21st, 2015.

Stock Price: NWS and NWSA opened today at $13.59 and $13.68 per share respectively and closed on the day at $13.85 and $14.12 respectively. After hours trading has not been negative, in that the NWS stocks are up .04% and NWSA stocks are neither trade up nor down.

Check back for our full analysis on this News Corp.’s earnings report later!

Disclosure: Zacks.com contains statements and statistics that have ...

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