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News Corp earnings dip as shares rebound after cutbacks
News Corp reports its final fiscal quarter 2023 results with expected 9 cents a share on $2.49 billion in revenue, versus prior year 37 cents on $2.67 billion. Shares recovered to about $20 after February–March weakness tied to sales and profit misses and a 5 percent workforce reduction. Commodities show energy prices up, with natural gas and heating oil rallying while gold and silver fall amid climate loss warnings from Swiss Re economist Haegeli forecasting $34 billion insured losses in H1.
MENTIONED IN THIS ARTICLE
News Corp
Wall Street
New York Post
Jéréme Jean Haegeli
U.S
AMC Entertainmenta
AMC
At&t Inc
It Alphabet Inc C Goog
Amazon.com Inc
AMZN
Anheuser-Busch InBev Bud
Atmos Energy Ato
Bank of America Bac
Berry Plastics Grp Bery
Black Hills Corp
BKH
Boeing Co BA
Capitol Federal Cffn
Colgate-Palmolive Cmrce Bncsh
MO Cbsh
Ebet Inc
EBET
Energy Inc Evrg
Ford Motor F
Garmin Ltd Grmn
Gen Dynamics GD
General Motors Co
Goodyear
ICL Group Ltd
ICL
Ideanomics Inc Idex
Kohls Corp Kss
Kroger Co KR
Merck & Co Mrk
Mullen Automotive Muln
Natl Bank Hidgs Corp Nbhc
Palantir Technol Pltr
Schlumberger Ltd Slb
SEB
Seabord Cp Smucker
JM Sjm
Spirit Aerosystems Spr
UMB Financial Umbf
US Bancorp Usb
Verizon Comm VZ
WalMart Strs
WMT
WeWork Inc WE