News Corp posts record profitability, 11% jump in…
News Corp, the mum or dad company of The New York Post, posted its highest profitability on record on Wednesday, pushed by growth in its Dow Jones, digital real estate and e-book publishing divisions.
The New York-based media giant said its fourth-quarter income grew 11% to $2.34 billion, beating analyst expectations.
News Corp noticed $230 million from persevering with operations, or 33 cents a share — a whopping 167% increase in contrast to $86 million in the prior yr.
Adjusted earnings per share totaled 35 cents. Analysts polled by FactSet had anticipated 24 cents a…
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