NEW YORK (AP) — NEW YORK (AP) — Fox Corp. (FOXA) on Monday reported fiscal first-quarter earnings of $827 million.
The New York-based company said it had net income of $1.78 per share. Earnings, adjusted for one-time gains and costs, came to $1.45 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The TV broadcasting company posted revenue of $3.56 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $3.37 billion.
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