News Corp Reports Q1 Earnings Beat with $0.28 Non-GAAP EPS and $2.28B Revenue
News Corporation (NWSA) reported first-quarter financial results that exceeded analyst expectations on both the top and bottom lines. The company posted a non-GAAP earnings per share (EPS) of $0.28, surpassing estimates by $0.02, while total revenue reached $2.28 billion, representing a 6.5% increase year-over-year and beating projections by $20 million. Despite the positive earnings surprise, News Corp shares experienced downward pressure following the announcement. Market discussions have shifted toward the relative value between different share classes and upcoming guidance for the fiscal year.
Tickers: $NWSA