News Corp. reported mixed results Thursday, citing foreign currency fluctuations and lower print advertising revenue.
The global media company, which is controlled by Rupert Murdoch, posted fiscal second-quarter earnings of 20 cents per share on $2.16 billion in revenue.
Analysts had expected News Corp. to report earnings of about 21 cents a share on $2.13 billion in revenue, according to consensus estimates from Thomson Reuters.
“News Corp. is evolving rapidly into a more digital and increasingly global company with a diverse revenue mix that we believe will drive long-term growth in profits and shareholder returns,” CEO Robert Thomson said in a statement.
Despite beating analyst estimates, News Corp.’s revenue fell for the fourth quarter in a row, hurt by a slump in its core news and information services business, which includes Dow Jones and The Wall Street Journal.