News Corp.: Fiscal 1Q Earnings Snapshot
NEW YORK (AP) _ News Corp. (NWS) on Wednesday reported fiscal first-quarter net income of $101 million.
The New York-based company said it had net income of 17 cents per share.
The publishing company whose flagship is The Wall Street Journal posted revenue of $2.52 billion in the period.
News Corp. shares have dropped 18 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.60, a decrease of nearly 6 percent in the last 12 months.