Fox Corporation Profit Falls In Q1

Fox Corporation (FOX) revealed earnings for first quarter that dropped from last year.

The company's earnings came in at $701 million, or $1.21 per share. This compares with $1.11 billion, or $1.83 per share, in last year's first quarter.

Excluding items, Fox Corporation reported adjusted earnings of $642 million or $1.11 per share for the period.

The company's revenue for the quarter rose 12.1% to $3.05 billion from $2.72 billion last year.

Fox Corporation earnings at a glance:

-Earnings (Q1): $642 Mln. vs. $716 Mln. last year.
-EPS (Q1): $1.11 vs. $1.18 last year.
-Revenue (Q1): $3.05 Bln vs. $2.72 Bln last year.

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