posted third-quarter earnings, excluding a charge, that beat analysts' expectations by a penny on the strength of revenue gains in both print and electronic publishing.
The publisher of
The Wall Street Journal
earned $48.4 million, or 55 cents a diluted share, up from $45.5 million, or 50 cents a share, in the same period last year. Nine analysts polled by
First Call/Thomson Financial
expected the company to earn 54 cents a share.
Revenue rose 7% to $529.4 million. Electronic publishing revenue grew 10% from the year-ago period, while print publishing revenue increased 6%.