NWS News: News Third Quarter 2023 Earnings: Beats Expectations - 13th May 2023, 10:19pm

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News (NASDAQ:NWSA) Third Quarter 2023 Results

Key Financial Results

Revenue: US$2.45b (down 1.8% from 3Q 2022). Net income: US$50.0m (down 39% from 3Q 2022). Profit margin: 2.0% (down from 3.3% in 3Q 2022). EPS: US$0.087 (down from US$0.14 in 3Q 2022). earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

News Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analy...

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