News Corp. Q1 Results Top Estimates

(RTTNews) - News Corp. (NWS, NWSA) reported net income for the first quarter of $65 million or $0.11 per share, compared to $27 million or $0.05 per share for the year-ago quarter.

Rxcluding items, adjusted net income for the first quarter was $53 million or $0.09 per share, compared to $17 million or $0.03 per share in the prior year quarter.

First quarter total revenues rose 4% to $2.15 billion from $2.07 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.03 per share on revenue of $2.09 billion for the first quarter. Analysts' estimates typically exclude special items.