WASHINGTON (dpa-AFX) - Fox Corporation (FOX) revealed a profit for third quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $346 million, or $0.75 per share. This compares with $666 million, or $1.40 per share, last year.
Excluding items, Fox Corporation reported adjusted earnings of $507 million or $1.10 per share for the period.
Analysts on average had expected the company to earn $0.90 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 26.8% to $4.371 billion from $3.447 billion last year.
Fox Corporation earnings at a glance (GAAP) :
-Earnings: $346 Mln. vs. $666 Mln. last year. -EPS: $0.75 vs. $1.40 last year. -Revenue: $4.371 Bln vs. $3.447 Bln last year.
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