Fox: Fiscal 1Q Earnings Snapshot
NEW YORK (AP) _ Fox Corp. (FOXA) on Wednesday reported fiscal first-quarter earnings of $499 million.
On a per-share basis, the New York-based company said it had net income of 80 cents. Earnings, adjusted for non-recurring costs and asset impairment costs, came to 83 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.
The TV broadcasting company posted revenue of $2.67 billion in the period.