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The significant earnings increase and stock buyback program typically boost investor confidence and share prices.
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NWSA's quarterly profits increased by 28%, exceeding expectations. Net income rose to $86 million from $67 million last year. A new $1 billion stock repurchase program was authorized by NWSA's board. Plans announced for expanding to the West Coast with The California Post. CEO stressed the importance of protecting intellectual property against AI threats.
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