News Corp results beat estimates, spin-off on track
Rupert Murdoch’s News Corp reported quarterly earnings that beat Wall Street expectations, aided by growth at its cable networks, and said it is on track to split off its slow-growing publishing business by the end of June.
Its revenue rose 14 per cent from a year earlier to US$9.5 billion (HK$73.7 billion) in the quarter, ended March 31, News Corp said on Wednesday. The company posted adjusted earnings of 36 cents per share, just beating the 35 cents expected on average by analysts, according to Thomson Reuters I/B/E/S.
via Business feed http://www.scmp.com/business/companies/article/1233453/news-corp-results-beat-estimates-spin-track