News Corp Swings To Profit On Lower Impairment Charges - Quick Facts

(RTTNews) - News Corp (NWSA) Thursday reported fourth-quarter net earnings to stockholders of $12 million or $0.02 per share, compared with a loss of $1.12 billion or $1.94 per share last year.

Results for the quarter included impairment charges of $21 million, compared with charges of $1.51 billion a year ago.

Excluding items, adjusted earnings for the quarter were $6 million or $0.01 per share, compared with $69 million or $0.12 per share a year ago.

On average, 10 analysts polled by Thomson Reuters projected earnings of $0.03 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter slid 3 percent to $2.19 billion from $2.26 billion in the prior year. Nine analysts had a consensus revenue estimate of $2.17 billion for the quarter.