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News Corp posts 1st-qtr profit on lower expenses
November 9, 2017 / 9:51 PM / in a month

News Corp posts 1st-qtr profit on lower expenses

Nov 9 (Reuters) - Wall Street Journal owner News Corp reported a quarterly profit on Thursday, compared with a year-ago loss, driven by a tight control on expenses amid a decline in print advertising sales.

Net income available to shareholders was $68 million, or 12 cents per share, in the first quarter ended Sept. 30, compared with a loss of $15 million, or 3 cents per share, a year earlier.

Total revenue rose to $2.06 billion from $1.97 billion. (Reporting by Pushkala Aripaka and Divya Grover in Bengaluru; Editing by Shounak Dasgupta)

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