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Economy
In reply to the discussion: STOCK MARKET WATCH -- 9 August 2012 [View all]
xchrom
(108,903 posts)15. News Corp reports $1.5bn loss
http://www.irishtimes.com/newspaper/breaking/2012/0809/breaking13.html
After adjusting for the charges related to a writedown of its publishing operating business - mainly in Australia - News Corp earned 32 cents, down from 35 cents a year ago.
The company's adjusted profit met analysts' expectations, but its shares were off 3 per cent in after-market trading.
News Corp posted a fiscal fourth-quarter net loss of $1.55 billion, or 64 cents per share, compared with a profit of $683 million, or 26 cents per share, a year ago. Revenue fell 6.7 per cent to $8.4 billion during the quarter.
Chief financial officer Dave Devoe said the company expects high single to low double-digit percentage growth in operating income in the current fiscal year, ending June 30, 2013.
After adjusting for the charges related to a writedown of its publishing operating business - mainly in Australia - News Corp earned 32 cents, down from 35 cents a year ago.
The company's adjusted profit met analysts' expectations, but its shares were off 3 per cent in after-market trading.
News Corp posted a fiscal fourth-quarter net loss of $1.55 billion, or 64 cents per share, compared with a profit of $683 million, or 26 cents per share, a year ago. Revenue fell 6.7 per cent to $8.4 billion during the quarter.
Chief financial officer Dave Devoe said the company expects high single to low double-digit percentage growth in operating income in the current fiscal year, ending June 30, 2013.
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These Days, I would be grateful to have a chance to be myself for a few minutes!
Demeter
Aug 2012
#41
In that case the invasion plans have been drawn for years. Cause we're America, it's what we do.
kickysnana
Aug 2012
#22
Is that maybe straw? Hay is not moved around a lot so prices very a lot by location.
kickysnana
Aug 2012
#35
Already hearing about it. People are just opening their fencing and turning the poor things out.
TalkingDog
Aug 2012
#37