News Corp Stock Surges on Better-Than-Expected Quarterly Profits

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Shares of News Corp. surged 10 percent on Friday after the publishing giant said it swung to profit with better-than-expected quarterly results.

The parent of the New York Post and the Wall Street Journal posted a fiscal first-quarter profit of 8 cents a share on an adjusted basis, up from 4 cents a share this time last year, after posting a loss in the previous quarter due to the pandemic.

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