Share “News summary: News Corp. cuts outlook,...”

News summary: News Corp. cuts outlook, shares fall

Published on NewsOK Modified: February 6, 2013 at 5:25 pm •  Published: February 6, 2013

MUST CUT: News Corp. cut its annual forecast for operating income to grow by a "mid- to high single digit" percentage, down from the "high single- to low double-digit" percentage it predicted in November.

GUESS WHAT? The surprise forecast cut resulted in shares falling 82 cents, or 2.9 percent, to $27.40 in after-hours trading.

UNDER THE SHADOW: The weak outlook offset an otherwise upbeat quarter through December, with adjusted earnings of 44 cents per share on revenue of $9.43 billion. Analysts expected 43 cents of earnings per share on revenue of $8.98 billion.


  1. 1
    Four more carmakers join diesel emissions row
  2. 2
    Company that built Ten Commandments monument in Oklahoma says construction bill still unpaid
  3. 3
    Inmates defeat Harvard debate team
  4. 4
    One third of vegetarians eat meat when they get drunk
  5. 5
    Westboro Baptist Church protests weather science, homosexuality at Norman's National Weather...
+ show more


× Trending business Article