News Corporation Reports First Quarter EPS of $0.30

News Corporation

today reported first quarter total segment operating income of $1.15 billion, an 8% increase from the $1.06 billion of total segment operating income reported a year ago. First quarter net income of $775 million ($0.30 per share) increased $204 million versus net income of $571 million ($0.22 per share) reported in the first quarter a year ago. The year-over-year increase was driven by the stronger segment operating income contributions and an increase in equity earnings of affiliates. Additionally, this year's first quarter results include a tax benefit of $90 million ($0.03 per share) related to the resolution of tax matters.