NEW YORK (AP) — NEW YORK (AP) — Fox Corp. (FOXA) on Tuesday reported fiscal fourth-quarter profit of $717 million.
On a per-share basis, the New York-based company said it had profit of $1.57. Earnings, adjusted for one-time gains and costs, were $1.27 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.
The TV broadcasting company posted revenue of $3.29 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $3.11 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FOXA at https://www.zacks.com/ap/FOXA
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