NEW YORK (AP) — NEW YORK (AP) — Fox Corp. (FOXA) on Thursday reported fiscal fourth-quarter earnings of $691 million.
On a per-share basis, the New York-based company said it had profit of $1.61. Earnings, adjusted for one-time gains and costs, were $1.79 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The TV broadcasting company posted revenue of $4.21 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $3.6 billion.
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