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News Corp. Beats on Bottom Line Despite Sluggish Ad Sales

News Corp. is trading higher on Friday after the media giant posted stronger-than-expected second-quarter earnings Thursday, despite a drop in advertising revenue.

News Corp. (NWSA) - Get News Corporation Class A Report is trading higher on Friday after the media giant posted stronger-than-expected second-quarter earnings, despite a drop in advertising revenue. Adjusted earnings for the three months ended in December were 19 cents a share, ahead of analysts' estimates of 18 cents. Revenue for the period was in line with analysts' estimates at $2.12 billion, down 2.1%.

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