http://nypost.com/2016/02/04/news-corp-beats-quarterly-expectations/
By Claire Atkinson News Corp., the global media company controlled by Rupert Murdoch, reported quarterly revenue that beat analysts' expectations. The New York-based company said revenue was $2.16 billion in the quarter ended Dec. 31. That was better than the $2.13 billion average of projections, according to Thomson Reuters I/B/E/S. Foreign currency fluctuations "have been particularly volatile," Chief Executive Robert Thomson said in a statement. Excluding those swings, News Corp. said total revenue rose 2 percent. The company posted a profit of 11 cents per share. Earnings, excluding some items, were 20 cents a share in the fiscal second quarter. "News Corp. is evolving rapidly into a more digital and increasingly global company with a diverse revenue mix that we believe will drive long-term growth in profits and shareholder returns," Thomson said. The company reported strong growth in its real-estate division. Revenue at the unit, which includes Realtor.com and Move Inc., surged 35 percent, to $208 million. Revenue at the news and information services unit, which includes The Wall Street Journal and The Post, fell 8 percent to $1.4 billion. Thomson said while print advertising remains challenging, "We are seeing growth in digital advertising and circulation revenues." News Corp. shares were unchanged in late trading. They were little changed in the regular session at $12.21. _______________________________________________ Medianews mailing list [email protected] http://etskywarn.net/mailman/listinfo/medianews_etskywarn.net
