WASHINGTON (dpa-AFX) - Fox Corporation (FOX) reported a profit for its fourth quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $717 million, or $1.57 per share. This compares with $319 million, or $0.68 per share, last year.
Excluding items, Fox Corporation reported adjusted earnings of $581 million or $1.27 per share for the period.
Analysts on average had expected the company to earn $1.00 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.3% to $3.287 billion from $3.092 billion last year.
Fox Corporation earnings at a glance (GAAP) :
-Earnings: $717 Mln. vs. $319 Mln. last year. -EPS: $1.57 vs. $0.68 last year. -Revenue: $3.287 Bln vs. $3.092 Bln last year.
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