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News Corp.: Fiscal 2Q Earnings Snapshot

February 6, 2020 GMT

NEW YORK (AP) _ News Corp. (NWSA) on Thursday reported fiscal second-quarter net income of $85 million.

On a per-share basis, the New York-based company said it had net income of 14 cents. Earnings, adjusted for non-recurring costs, came to 18 cents per share.

The publishing company whose flagship is The Wall Street Journal posted revenue of $2.48 billion in the period.

News Corp. shares have climbed slightly more than 2% since the beginning of the year, while the Standard & Poor’s 500 index has increased nearly 4%. In the final minutes of trading on Thursday, shares hit $14.47, a climb of 12% in the last 12 months.


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