Fox Corporation Q4 Profit Increases, Beats Estimates

(RTTNews) - 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.