News Corp profit beats estimates on cable, movies

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(Reuters) - Rupert Murdoch's News Corp on Wednesday posted a stronger-than-expected quarterly profit, aided by its cable networks and movie studio business, and its shares rose more than 4 percent in post-market trade. The company's fiscal third-quarter net income rose to $937 million, or 38 cents a share, from $639 million, or 24 cents a share, a year ago. On an adjusted basis, News Corp earned ...

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