News Corp. quarterly net profit up 65%

Feb 09, 2012 |

New York

Tags:

News Corp. said on Wednesday that its net profit rose 65 per cent in the second quarter of its fiscal year to $1.06 billion.

Revenue at Rupert Murdoch's media and entertainment empire was up two per cent in the quarter over the same quarter a year ago to $8.98 billion.

Earnings per share of 39 cents were better than the 34 cents per share expected by Wall Street analysts.

News Corp. said growth in the quarter was led by its television and movie properties while its publishing segment suffered declines.

"I am particularly pleased with the success of our business strategies in spite of the uncertain economic conditions that we continue to face," Murdoch, News Corp.'s chairman and chief executive, said in a statement.

"News Corporation's commitment to delivering value to our stockholders is unwavering and we will continue to focus on generating superior shareholder returns," Murdoch said.

British PM faces scrutiny over ties to Murdoch

Related Images

Post new comment

Your name: *

E-Mail Address: *

The content of this field is kept private and will not be shown publicly.

Comment: *

Input format

Filtered HTML

Web page addresses and e-mail addresses turn into links automatically.
Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
Lines and paragraphs break automatically.

Full HTML

Web page addresses and e-mail addresses turn into links automatically.
Lines and paragraphs break automatically.

CAPTCHA

This question is for testing whether you are a human visitor and to prevent automated spam submissions.

Business

No Articles Found

Columnists

Two cheers for Parliament

Inder Malhotra

Sunday’s celebration of Parliament’s completion of 60 years — first at special sittings of the two Houses and then at a joint sitting in the Central Hall — were entirely understandable, even inspiring

Pitfalls on Indo-US bilateral road

Sumit Ganguly

The third US-India Strategic Dialogue is only a few weeks away. To prepare the ground for a meaningful set of talks US secretary of state Hillary Clinton was recently in the country.

Horoscope