News Corporation Bottom Line Declines 50% In Q3

(RTTNews) - News Corporation (NWSA) announced earnings for third quarter that lost ground from last year.

The company said its profit declined to $25 million, or $0.04 per share. This was lower than $50 million, or $0.09 per share, in last year's third quarter.

The company said revenue for the quarter fell 7.4% to $1.89 billion. This was down from $2.04 billion last year.

News Corporation earnings at a glance:

-Earnings (Q3): $25 Mln. vs. $50 Mln. last year. -Earnings Decline (Y-o-Y): -50.0% -EPS (Q3): $0.04 vs. $0.09 last year. -EPS Decline (Y-o-Y): -55.6% -Revenue (Q3): $1.89 Bln vs. $2.04 Bln last year. -Revenue Change (Y-o-Y): -7.4%