News summary: News Corp. cuts outlook, shares fall

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

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.



Trending Now


AROUND THE WEB

  1. 1
    10 Most Popular Wedding 'First Dance' Songs
  2. 2
    Psychologists Studied the Most Uptight States in America, and Found a Striking Pattern
  3. 3
    Facebook Post Saves Drowning Teen
  4. 4
    Saturday's front page of the New York Times sports section is simple: LeBron James and transactions
  5. 5
    The 19th-century health scare that told women to worry about "bicycle face"
+ show more