FX.co ★ News Corporation Q2 Profit Increases, Beats Estimates

News Corporation (NWSA) has reported an impressive increase in its second-quarter earnings compared to the same timeframe last year, exceeding market forecasts. The company's net income reached $215 million, translating to $0.38 per share, up from $156 million, or $0.27 per share, recorded previously.

When excluding certain items, the firm reported adjusted earnings of $189 million or $0.33 per share for the quarter. Market analysts had projected earnings of $0.31 per share, typically excluding any special items in their forecasts.

The company experienced a 4.8% rise in revenue, reaching $2.238 billion, compared to $2.135 billion in the prior year.

A brief overview of News Corporation's financial performance (GAAP) is as follows:

- Net Income: $215 million, an increase from $156 million the previous year.

- Earnings Per Share (EPS): $0.38, up from $0.27 last year.

- Revenue: $2.238 billion, compared to $2.135 billion last year.