News Corp — owner of The Post and The Wall Street Journal — reported better-than-expected quarterly earnings on Thursday, bolstered by growth in its digital real estate, Dow Jones and book publishing divisions.
The New York-based media giant reported $107 million in net income from continuing operations, or 14 cents a share, compared with income of $64 million, or 7 cents, the year prior. Adjusted earnings per share totaled 17 cents.
Third-quarter revenue jumped to 1% to $2.01 billion from $1.99 billion a year earlier.
Wall Street expected EPS of 13 cents on revenue of $2 billion, according to Yahoo Finance.
News Corp CEO Robert Thomson touted the company’s “sustained strength” and “strategic transformation” for lifting profits 67% in the quarter, which ended March 31.
“The sustained strength …