News Fiscal Q3 Result 'Solid,' Demonstrating Strong Growth, Jarden Says

MT Newswires Live
05/08

News' (ASX:NWS) fiscal third quarter result was "solid," demonstrating strong growth, Jarden said in a Friday note.

Its earnings before interest, taxes, depreciation, and amortization grew 18% year over year in the quarter, and beat Jarden's forecast by 2%. Its Dow Jones business a key driver of the beat. Its adjusted net profit after tax rose 20% over the prior year.

The company's book publishing segment benefited from higher physical and digital book sales, the investment firm noted. News Media, the smallest segment, was the largest miss, impacted by the launch of the California Post.

Jarden reaffirmed an overweight rating on News, with a price target of AU$46.30.

News' shares jumped 4% in recent Friday trade.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10