Fox Corporation Q4 Profit Increases, but misses estimates

Fox Corporation (FOX) released earnings for its fourth quarter that increased from last year but missed the Street estimates.

The company's bottom line totaled $306 million, or $0.55 per share. This compares with $253 million, or $0.43 per share, in last year's fourth quarter.

Excluding items, Fox Corporation reported adjusted earnings of $413 million or $0.74 per share for the period.

Analysts on average had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.8% to $3.03 billion from $2.89 billion last year.

Fox Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $306 Mln. vs. $253 Mln. last year.
-EPS (Q4): $0.55 vs. $0.43 last year.
-Analyst Estimate: $0.76
-Revenue (Q4): $3.03 Bln vs. $2.89 Bln last year.

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