News Corp Sales Rise on Real Estate, Book Publishing, Media Gains

News Corp


NWS 0.54%

reported a 13% increase in its quarterly revenue, boosted by growth in its digital real-estate services, Dow Jones and book-publishing divisions.

The New York-based media company, whose holdings include The Wall Street Journal, HarperCollins Publishers and news organizations in the U.K. and Australia, reported a profit of $235 million, or 40 cents a share, for the December quarter, up from $231 million, or 39 cents a share, a year earlier. Adjusted earnings, which excludes certain costs, were 44 cents a share.

Revenue increased to $2.72 billion for the fiscal second quarter from $2.41 billion a year earlier. Analysts polled by FactSet expected revenue of $2.64 billion and adjusted earnings of 28 cents a share.

Shares of News Corp rose 5.9% to $23.77 in…

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