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News Corp.: Fiscal 1Q Earnings Snapshot

News Corp.: Fiscal 1Q Earnings Snapshot

Associated Press

NEW YORK (AP) _ News Corp. (NWSA) on Wednesday reported fiscal first-quarter net income of $101 million.

On a per-share basis, the New York-based company said it had profit of 17 cents.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The publishing company whose flagship is The Wall Street Journal posted revenue of $2.52 billion in the period.

News Corp. shares have fallen 17 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 5 percent. In the final minutes of trading on Wednesday, shares hit $13.43, a fall of 5 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NWSA at https://www.zacks.com/ap/NWSA