News Corp DR

News Corp is continuing its approved buyback program and may repurchase class A and B common stock up to a total value of $1 billion. The company must report transactions daily to the Australian Securities Exchange and provides regular updates on the program’s progress in its quarterly and annual reports. At the same time, News Corp reported a strong third fiscal quarter with revenue up 9%, EBITDA up 18% and adjusted net income rising 20%, after which Macquarie upgraded the stock to Outperform. » More on de.investing.com

News Corp has confirmed it remains authorized to repurchase up to $1 billion of its class A and class B common stock. The amount represents about 7% of a $14.1 billion market capitalization (share price $25.79). The company reports daily transactions to the Australian Securities Exchange and discloses details in its quarterly and annual reports, but gave no information on buybacks already executed. Actual repurchases will depend on share price movements, market conditions, securities laws and alternative investment opportunities. » More on de.investing.com

News Corp has confirmed the continuation of a share buyback program to acquire class A and class B common stock with an aggregate value of up to $1 billion. The company (market capitalization $14.6bn, share at $25.33) is rated by InvestingPro as undervalued relative to fair value and holds cash that exceeds its short-term liabilities. News Corp reports that transactions under the program are reported daily to the ASX and disclosed in quarterly and annual reports; no specific repurchase volumes were given. Management warns that repurchases depend on stock price movements, market conditions and regulatory requirements and that there is no obligation to update forward-looking statements. » More on de.investing.com