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Friday, February 10, 2017
News Corp Revenue Exceeds Expectations
News Corp., whose assets include the Wall Street Journal, HarperCollins and The NY Post, reported adjusted earnings that beat analysts’ expectations as revenue from its digital properties surged.
News Corp. shares rose 1.6 percent, to $12.59, in after-hours trades Thursday.
The media conglomerate said revenue from its online real estate sites, which include Realtor.com, rose 16.3 percent in the quarter, to $242 million.
Revenue at News Corp.’s news and information business fell nearly 7 percent, to $1.3 billion.
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