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News Corporation Shares Surge After Strong Q2 Earnings

News Corporation reports increased earnings for Q2, exceeding expectations. This strong performance could lead to a boost in stock prices.

Date: 
AI Rating:   7

Earnings Per Share (EPS): News Corporation's reported EPS for the second quarter was $0.38, up from $0.27 in the same period last year. This indicates a positive growth in profitability per share, which likely reassures investors.

Revenue Growth: The company saw revenue growth of 4.8%, increasing from $2.135 billion to $2.238 billion year-over-year. This growth is a positive sign for the company's operational performance and could attract more investors.

Overall, the results show that News Corporation has not only increased its profitability but also is managing to grow its revenue effectively. Analysts had predicted an EPS of $0.31, and the company surpassed this expectation, leading to stronger confidence from the market.