Fox Corp. Q2 Results Beat View
WASHINGTON (dpa-AFX) - Fox Corp. (FOXA, FOX) reported that its second-quarter net income attributable to stockholders declined to $224 million or $0.37 per share from $300 million or $0.48 per share in the prior year quarter. The decrease in net income was primarily due to higher gains recognized in Other, net in the prior year quarter.
Adjusted net income attributable to stockholders increased 45% to $93 million from the $64 million reported in the prior year quarter. Adjusted earnings per share increased to $0.16 per share from $0.10 in the prior year quarter. Analysts polled by Thomson Reuters expected the company to report a loss of $0.03 per share. Analysts' estimates typically exclude special items.