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
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
, "we are strongly encouraged by the ratings gains across our network's entertainment programming."