NEW YORK (AP) — NEW YORK (AP) — Fox Corp. (FOXA) on Thursday reported fiscal first-quarter earnings of $599 million.
On a per-share basis, the New York-based company said it had profit of $1.32. Earnings, adjusted for one-time gains and costs, came to $1.51 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.
The TV broadcasting company posted revenue of $3.74 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $3.57 billion.
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