News Corp. Profit Falls, Yet Tops Street; Stock Up 5% - Quick Facts

(RTTNews) - Publishing company News Corp. (NWSA) Thursday reported second-quarter net income to shareholders of $150 million or $0.26 per share compared with $1.4 billion or $2.42 per share last year.

Results for the prior-year quarter included a gain of $1.3 billion related to its acquisition of Consolidated Media Holdings, the Australian pay TV company.

Excluding items, adjusted earnings for the quarter were flat at $0.31 per share.

Revenues for the quarter were $2.24 billion, down 4 percent from $2.32 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.20 per share on revenues of $2.23 billion for the quarter. Analysts' estimates typically exclude special items.