Tuesday, 25 November 2014

News Corp Revenue Rises 4 Percent

Advertise

A sign is seen outside News Corporation building in New York, June 27, 2012. REUTERS/Brendan McDermid Thomson Reuters bA sign is seen outside News Corporation building in New York (Reuters) – News Corp, publisher of the Wall Street Journal, reported a 4 percent rise in quarterly revenue, helped by higher sales at its book publishing and online real estate services businesses.

Net income available to the company’s shareholders was $65 million, or 11 cents per share, in the first quarter ended Sept. 30, compared with a loss of $27 million, or 5 cents per share, a year earlier.

Revenue rose to $2.15 billion from $2.07 billion.

(Reporting by Soham Chatterjee in Bangalore; Editing by Joyjeet Das)

More from Reuters:

This article originally appeared at Reuters. Copyright 2014. Follow Reuters on Twitter.

TheoBusinessinsider com


No comments: