Fox Corporation Q3 adjusted earnings Beat Estimates
WASHINGTON (dpa-AFX) - Fox Corporation (FOX) reported a profit for its third quarter that increased from last year.
The company's profit totaled $567 million, or $0.96 per share. This compares with $78 million, or $0.13 per share, in last year's third quarter.
Excluding items, Fox Corporation reported adjusted earnings of $523 million or $0.88 per share for the period.
Analysts had expected the company to earn $0.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 6.4% to $3.22 billion from $3.44 billion last year.
Fox Corporation earnings at a glance: