NEW YORK (AP) _ News Corp. (NWSA) on Thursday reported a fiscal first-quarter loss of $227 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the New York-based company said it had a loss of 39 cents. Earnings, adjusted for non-recurring costs, came to 4 cents per share.
The publishing company whose flagship is The Wall Street Journal posted revenue of $2.34 billion in the period.
News Corp. shares have increased 17% since the beginning of the year, while the Standard & Poor's 500 index has climbed 23%. In the final minutes of trading on Thursday, shares hit $13.32, a decrease of almost 1% in the last 12 months.