News Corporation Q2 Profit Increases, Beats Estimates

(RTTNews) - News Corporation (NWSA) announced earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $215 million, or $0.38 per share. This compares with $156 million, or $0.27 per share, last year.

Excluding items, News Corporation reported adjusted earnings of $189 million or $0.33 per share for the period.

Analysts on average had expected the company to earn $0.31 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 4.8% to $2.238 billion from $2.135 billion last year.

News Corporation earnings at a glance (GAAP) :

-Earnings: $215 Mln. vs. $156 Mln. last year. -EPS: $0.38 vs. $0.27 last year. -Revenue: $2.238 Bln vs. $2.135 Bln last year.