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Dow Jones quarterly profit falls, revenue rises

NEW YORK
Thu Jul 19, 2007 7:45am EDT
A copy of the Wall Street Journal is pictured in a newsstand in New York, June 26, 2007. Dow Jones & Co. Inc., which soon could be bought by News Corp. for $5 billion, reported on Thursday that quarterly profit fell because of one-time charges, while revenue rose because of strength in its digital businesses. REUTERS/Keith Bedford

NEW YORK (Reuters) - Dow Jones & Co. Inc. DJ.N, which soon could be bought by News Corp. NWSa.N for $5 billion, reported on Thursday that quarterly profit fell because of one-time charges, while revenue rose because of strength in its digital businesses.

Mergers & Acquisitions  |  Global Markets

Second-quarter profit fell to $21 million, or 25 cents a share, from $28.8 million, or 34 cents a share, a year earlier.

Excluding special items, Dow Jones earned 45 cents per share compared with 39 cents per share last year.

Items included a 13-cent charge for stock-based compensation expense as a result of the company's share price increase after the News Corp. offer came out, as well as a 7-cent restructuring charge.

Revenue rose 16.2 percent to $529.7 million.

(Reporting by Robert MacMillan)
Mergers & Acquisitions
Global Markets


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