Australian shares of News Corp hit record high on upbeat Q2 results

News

07/02/2024 23:52

** ASX-listed shares of News Corporation  NWS.AX  rise as
much as 9.5% to a record high of A$43.100 
    ** Stock logs biggest intraday pct gain since Nov 10, 2022
    ** The media and information services co  NWSA.O  posts
quarterly revenue of $2.59 bln, beating Wall Street estimates
    ** Excluding items, the co earned 26 cents per share,
compared with estimates of 21 cents 
    ** Stock has risen ~54% YTD, as of last close

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))