Fox Corporation Q4 adjusted earnings Beat Estimates

(RTTNews) - Fox Corporation (FOX) released earnings for fourth quarter that dropped from the same period last year.

The company's earnings came in at $122 million, or $0.20 per share. This compares with $454 million, or $0.73 per share, in last year's fourth quarter.

Excluding items, Fox Corporation reported adjusted earnings of $375 million or $0.62 per share for the period.

Analysts had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.6% to $2.42 billion from $2.51 billion last year.

Fox Corporation earnings at a glance:

-Earnings (Q4): $375 Mln. vs. $389 Mln. last year. -EPS (Q4): $0.62 vs. $0.62 last year. -Analysts Estimate: $0.57 -Revenue (Q4): $2.42 Bln vs. $2.51 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.