News Corp. (NWS, NWSA) reported second quarter net income attributable to the company of $254 million or $0.10 per share for the second quarter, compared to a net loss of $6.4 billion or $2.45 per share in the previous year quarter.
Excluding one-time items, second quarter adjusted earnings were $644 million or $0.25 per share, compared to $399 million or $0.15 per share in the year ago quarter.
Total revenue for the second quarter increased 10% to $8.7 billion from $7.9 billion in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.20 per share on revenue of $8.23 billion for the quarter. Analysts' estimates typically exclude special items.
Further, the company said it has declared a dividend of $0.075 per Class A share and Class B share, which represents a 25% increase over the previous dividend. This dividend is payable on April 14 with a record date for determining dividend entitlements of March 10.
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