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News Reports Third Quarter Results for FY 2019

10 May 2019  |  08:36:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: FY2019 Third Quarter Earnings Release

News reported financial results for the three months ended 31 March 2019. The Company reported fiscal 2019 third quarter total revenues of $2.46bn, a 17% increase compared to $2.09bn in the prior year period. Net income for the quarter was $23m compared to a net loss of ($1.1)bn in the prior year, reflecting the absence of the non-cash impairment charges and write-downs of $1.2bn recognized in the third quarter of fiscal 2018, and higher Total Segment EBITDA, partially offset by higher depreciation and amortization expense.

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