News Corporation Q2 Earnings Surpass Estimates, Revenues Rise Y/Y
View original at finance.yahoo.comNews Corporation Q2 Earnings Surpass Estimates, Revenues Rise Y/Y News Corporation NWSA reported second-quarter fiscal 2026 earnings of 40 cents per share on an adjusted basis, which surpassed the Zacks Consensus Estimate by 21.21% and increased 21% year over year…
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At the current stock price, the company expects the purchase rate to be higher in the second half, with total dollars repurchased meaningfully more than in the first half
80% confidenceCompetition is bringing out the best in REA, which is savvily adopting AI applications that enhance the service for customers
80% confidenceManagement cited a challenging print advertising market
80% confidenceNews Corporation carries a Zacks Rank #4 (Sell)
80% confidenceAirbnb, Rush Street Interactive and Playtika carry a Zacks Rank #2 (Buy)
80% confidenceThe company's three core growth pillars — Dow Jones, Digital Real Estate, and Book Publishing — collectively accounted for 95% of profitability in the fiscal second quarter
80% confidenceManagement expressed mounting optimism for the second half of the year following a sluggish first quarter
80% confidenceManagement believes the stock remains materially undervalued relative to net asset value
80% confidenceShare repurchases in fiscal 2026 are expected to benefit from approximately $380 million repayment of Foxtel shareholder loans
80% confidence