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News Corporation Q1 adjusted earnings Beat Estimates

News Corporation (NWSA) revealed a profit for its first quarter that climbed from the same period last year.

The company's earnings came in at $101 million, or $0.17 per share. This compares with $68 million, or $0.12 per share, in last year's first quarter.

Excluding items, News Corporation reported adjusted earnings of $97 million or $0.17 per share for the period.

Analysts had expected the company to earn $0.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 22.3% to $2.52 billion from $2.06 billion last year.

News Corporation earnings at a glance:

-Earnings (Q1): $97 Mln. vs. $40 Mln. last year.
-EPS (Q1): $0.17 vs. $0.07 last year.
-Analysts Estimate: $0.04
-Revenue (Q1): $2.52 Bln vs. $2.06 Bln last year.

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