Rising WSJ Ad Sales Boost Dow Jones Net in Q1

20 April 2006

    NEW YORK - Dow Jones reported a sharp jump in first quarter net profit thanks to a gain from a legal settlement and stronger advertising at its flagship newspaper Wall Street Journal.
    Q1 net income rose year-on-year to $61.5 million (€50.11m; £34.62m) from $8.2m. Revenue for the quarter rose 9.7% to $452.2 million from $412.1 million.
    But the results fell short of analysts' expectations, and the company gave a weaker-than-expected forecast for Q2.