Valued at approximately $14 billion by market cap, New York-based News Corporation (NWSA) operates as a global media and information services company that creates and distributes content across various platforms, including newspapers, digital media, book publishing, and subscription video services.
The media giant is gearing up to report its third-quarter results after the markets close on Thursday, May 8. Ahead of the event, analysts expect NWSA to report an adjusted EPS of $0.19, marking a 72.7% increase from $0.11 reported in the year-ago quarter. Furthermore, the company met or surpassed the Street’s bottom-line expectations in each of the past four quarters.
