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SmarTrend(R) News Watch: News Corp. Reports 1Q Results

Thu. November 06, 2008; Posted: 02:24 PM
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Nov 06, 2008 (SmarTrend(R) News Watch via COMTEX) -- NWS.A | Quote | Chart | News | PowerRating -- Late Wednesday, News Corp. (NYSE: NWS | Quote | Chart | News | PowerRating) reported a decrease in earnings for the first fiscal quarter of 2009. Earnings dropped to $515 million, or 20 cents per share. Analysts' had been expecting the company to earn 23 cents per share. Last year the company reported earnings of $732 million, or 23 cents per share. Revenue increased 6.3 percent to total $7.51 billion for the quarter, on analysts' expectations of $7.66 billion. Shares of News Corp. were down $1.06 to $9.93 when the market closed Wednesday.

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For full details on News Corp Inc (NWS) click here. News Corp Inc (NWS) has Short Term PowerRatings of 6. Details on News Corp Inc (NWS) Short Term PowerRatings is available at This Link.

    


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