WASHINGTON (dpa-AFX) - News Corporation (NWSA) announced earnings for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $156 million, or $0.27 per share. This compares with $67 million, or $0.12 per share, in last year's second quarter.
Excluding items, News Corporation reported adjusted earnings of $149 million or $0.26 per share for the period.
Analysts on average had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.8% to $2.59 billion from $2.52 billion last year.
News Corporation earnings at a glance (GAAP) :
-Earnings (Q2): $156 Mln. vs. $67 Mln. last year. -EPS (Q2): $0.27 vs. $0.12 last year. -Analyst Estimate: $0.19 -Revenue (Q2): $2.59 Bln vs. $2.52 Bln last year.
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