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News Corporation Q3 results top estimates

Investing.com -- News Corporation reported Thursday fiscal third-quarter results that topped estimates despite slowing advertising revenue.   

News Corp A (NASDAQ:NWSA) was up 1.7% in after-hours trading following the report.

Newscorp reported adjusted EPS of $0.09 on revenue of $2.45 billion, beating Wall Street estimates of $0.05 on revenue of $2.39B, respectively. 

Looking ahead, the company said its cost reduction drive, which includes cutting about 5% of its workforce, was expected to yield at least $160 million in annualized savings by the end of this calendar year.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.