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Fox Corporation Q2 adjusted earnings Beat Estimates

Fox Corporation (FOX) released a profit for second quarter that decreased from the same period last year.

The company's bottom line came in at $224 million, or $0.37 per share. This compares with $300 million, or $0.48 per share, in last year's second quarter.

Excluding items, Fox Corporation reported adjusted earnings of $93 million or $0.16 per share for the period.

Analysts had expected the company to earn -$0.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.2% to $4.09 billion from $3.78 billion last year.

Fox Corporation earnings at a glance:

-Earnings (Q2): $93 Mln. vs. $64 Mln. last year.
-EPS (Q2): $0.16 vs. $0.10 last year.
-Analysts Estimate: -$0.03
-Revenue (Q2): $4.09 Bln vs. $3.78 Bln last year.

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