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Recap: News Q3 Earnings

News (NASDAQ:NWSA) reported its Q3 earnings results on Thursday, May 11, 2023 at 04:15 PM. Here’s what investors…
byBenzinga Insights
May 11, 2023
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News (NASDAQ:NWSA) reported its Q3 earnings results on Thursday, May 11, 2023 at 04:15 PM.

Here’s what investors need to know about the announcement.

Earnings

News beat estimated earnings by 80.0%, reporting an EPS of $0.09 versus an estimate of $0.05.

Revenue was down $45.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.05 which was followed by a 9.37% drop in the share price the next day.

Here’s a look at News’s past performance:

Quarter Q2 2023 Q1 2023 Q4 2022 Q3 2022
EPS Estimate 0.19 0.15 0.21 0.14
EPS Actual 0.14 0.12 0.37 0.16
Revenue Estimate 2.55B 2.49B 2.59B 2.50B
Revenue Actual 2.52B 2.48B 2.67B 2.49B

To track all earnings releases for News visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

 
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