News Corp. Q2 Results Top Estimates

(RTTNews) - News Corp. (NWS, NWSA, NWS.AX) reported net income for the second quarter of $142 million or $0.24 per share, compared to $150 million or $0.26 per share for the year-ago quarter.

Excluding items, adjusted net income for the second quarter was $154 million or $0.26 per share, compared to $179 million or $0.31 per share in the prior year quarter.

Second quarter total revenues rose 2% to $2.28 billion from $2.24 billion a year ago, reflecting strength in the company's Book Publishing and Digital Real Estate Services segments.

Analysts polled by Thomson Reuters expected the company to earn $0.24 per share on revenue of $2.24 billion for the second quarter. Analysts' estimates typically exclude special items.