News Corp 2Q Revenue Rises on Real-Estate Services, Dow Jones
By Ben Glickman
News Corp’s fiscal second-quarter revenue rose off the strength of its real-estate services and Dow Jones businesses.
The New York-based media company posted a profit of $156 million, or 27 cents a share, in the quarter ended Dec. 31, compared with $94 million, or 12 cents a share,
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Read MoreWall Street rallies, Dow Jones jumps 156 points
NEW YORK, New York – Positive earnings reports pushed U.S. stock market indices higher Wednesday.
“It’s earnings driven, but it’s bleeding over into other companies that may not have announced,” Kim Forrest, Bokeh Capital’s chief investment officer, told CNBC Wednesday. “They’re getting swept on the coattails. Some of what we’re experiencing this year is people don’t want to be left behind like they were last year.”
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Read MoreNews Corp. Reports 3% Boost in Revenue to $2.59 Billion Driven by Dow Jones, Book Publishing and Real Estate
News Corp. reported strong earnings for the second quarter of 2024, seeing increased revenues driven by Dow Jones, the company’s book publishing arm, and digital real estate services.
Here are the top-line results:
Net Income: $183 million, compared to $94 million in 2023
Revenue: $2.59 billion,
Read MoreStock Market Today: S&P 500 closes at record as unprecedented 5,000 level in focus
© Reuters
Investing.com — The S&P 500 rallied Wednesday closing at a record high and just shy of 5,000 level as bullish bets on stocks continued, with consumer stocks leading the charge following an earnings-led rally in Chipotle and Ford.
By 16:00 ET (21:00 GMT),
Read MoreFund Summer EBT: Invest in a healthier future for Alabama's children | LAURA LESTER and CAROL GUNDLACH
School kids who receive free breakfast and lunch during the school year — too often the only meals they eat during the day — lose access to these meals over the summer. Nearly 1 in 4 children in our state don’t always know where their next meal is coming from. Though some in-person summer feeding programs exist in Alabama,
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