Nov 4th, 2009 - Bloomberg
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Nov. 4 (Bloomberg) -- News Corp., owner of the TwentiethCentury Fox film studio, raised its full-year forecast afterreporting first-quarter profit gained 11 percent, driven by box-office gains from films including “Ice Age.”
Net income increased to $571 million, or 22 cents a share,from $515 million, or 20 cents, a year earlier, the New York-based company said today in a statement. That beat the 18 centsprojected by analysts, the average of 15 estimates compiled byBloomberg. Revenue dropped 4.1 percent to $7.2 billion, comparedwith estimates of $7.21 billion.
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