Stay informed about the performance of the S&P500 index one hour before the close of the markets on Thursday. Uncover the top gainers and losers in today's session for valuable insights.
Global media and publishing company News Corp (NASDAQ:NWSA) reported Q4 CY2024 results topping the market’s revenue expectations, but sales fell by 13.5% year on year to $2.24 billion. Its non-GAAP profit of $0.33 per share was 5.7% above analysts’ consensus estimates.
News Corp has been treading water for the past six months, recording a small loss of 0.9% while holding steady at $27.47. The stock also fell short of the S&P 500’s 6.1% gain during that period.
Rupert Murdoch's attempt to favor his eldest son Lachlan in a trust fund shuffle hit a roadblock when Commissioner Edmund J. Gorman Jr. ruled against it.
Global media and publishing company News Corp (NASDAQ:NWSA) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 3.1% year on year to $2.58 billion. Its non-GAAP profit of $0.21 per share was 24% above analysts’ consensus estimates.
The S&P 500 index surged past the 6,000-point milestone, setting fresh record highs, and small-cap stocks are poised for their best weekly performance since April 2024 as investor optimism surrounding the “Trump trade” continued to fuel a strong risk-on sentiment by the end of a wild week in the market.
The Washington Post is not endorsing a candidate in a presidential election for the first time since 1988. Sources say the decision came from Jeff Bezos.
