News Corp — owner of The Post and The Wall Street Journal — reported better-than-expected quarterly earnings on Wednesday, driven by growth in its digital real estate, Dow Jones and book publishing divisions.
News Corp CEO Robert Thomson touted the company’s “three pillars of growth,” which drove a 58% increase in profits for the second quarter.
The company reported $306 million in net income, or 38 cents a share, compared with income of $156 million, or 27 cents, the year prior. Adjusted earnings per share totaled 33 cents.
That $306 million in the second quarter was also more than double the $144 million net income the company reported last quarter.
Quarterly revenue jumped to $2.24 billion from $2.14 billion a year earlier. Analysts expected EPS of 31 cents on revenue …