News Corp. posts higher 2Q earnings, revenue

Media conglomerate News Corp. says earnings for the last three months of 2012 grew, helped by higher revenue at its pay TV networks and gains from acquisitions.

The company, which is controlled by CEO , said Wednesday that it earned $2.38 billion, or $1.01 per share, in the fiscal second quarter. That's up from $1.06 billion, or 42 cents per share, a year earlier.

Revenue was $9.43 billion, up 5 percent from $8.98 billion. The company says its business helped grow revenue.

Analysts polled by FactSet were expecting earnings of 43 cents per share on revenue of $9.26 billion.

. is planning to split into two companies this year—one for publishing and the other for the TV and movie businesses.


Explore further

Qualcomm reports stronger results, forecast

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Citation: News Corp. posts higher 2Q earnings, revenue (2013, February 6) retrieved 21 October 2019 from https://phys.org/news/2013-02-news-corp-higher-2q-revenue.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more