News Corp. Meets First-Quarter Estimates
News Corp.
(NWS) - Get News Corporation Report
met Wall Street's expectations for the first quarter, as the company recorded growth in its film, cable and book publishing segments.
The company reported earnings before unusual items of $149 million, or 14 cents for each American depositary share. The company earned $165 million, or 16 cents for each ADR, a year ago. Analysts expected the company to earn 14 cents in the quarter, according to
First Call/Thomson Financial
TheStreet Recommends
.
News Corp. reported first-quarter consolidated revenue of $3.24 billion, up from $3.16 billion a year ago.
The company said that while its television performance was hurt by the effects of the Olympics, which aired on
NBC
, "we are strongly encouraged by the ratings gains across our network's entertainment programming."
