News Corp. beats 2Q net income and revenue expectations
News Corp. (NWSA) on Thursday reported fiscal second-quarter net income of $143 million.
The New York-based company said it had profit of 24 cents per share. Earnings, adjusted for one-time gains and costs, came to 26 cents per share.
The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The publishing company whose flagship is The Wall Street Journal posted revenue of $2.28 billion in the period, also beating Street forecasts. Analysts expected $2.24 billion, according to Zacks.
News Corp. shares have climbed slightly since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Thursday, shares hit $15.73, a climb of roughly 1 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NWSA at http://www.zacks.com/ap/NWSA
Keywords: News Corp., Earnings Report