Fox Corp beat Wall Street estimates for third-quarter revenue and profit on Wednesday as Super Bowl broadcast boosted television viewership, sending the company's shares up more than 2% in extended trading.
FILE PHOTO: A Fox News channel sign is seen on a television vehicle outside the News Corporation building in New York City, in New York, U.S. November 8, 2017. REUTERS/Shannon Stapleton
- Fox Corp beat Wall Street estimates for third-quarter revenue and profit on Wednesday as Super Bowl broadcast boosted television viewership, sending the company’s shares up more than 2% in extended trading.Net income attributable to shareholders fell to $78 million, or 13 cents per share, in the quarter ended March 31, from $529 million, or 85 cents per share, a year earlier.
On an adjusted basis, the company earned 93 cents per share, beating analysts’ estimate of 70 cents per share, according to IBES data from Refinitiv. Total revenue rose to $3.44 billion from $2.75 billion, above analysts’ average estimate of $3.33 billion.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Masked Singer' Renewed at Fox, 'Lego Masters' Eyes ReturnThe two unscripted shows are among the network's top-performing shows of the season.
Read more »
‘Lego Masters’: Fox Eyes Mid-Season Return For Will Arnett-Hosted Competition FormatFox is building a second season of Lego Masters. The series, which sees pairs of Lego enthusiasts facing off in brick-building challenges, premiered on Fox on February 5 and the ten-part series ran…
Read more »
Trump Leaves the Fox News Universe for Bigger RatingsThe president has given his first non-Fox interview in five months to ABC News anchor David Muir.
Read more »
Megan Fox and husband Brian Austin Green 'have been living apart for months'Megan Fox and her husband Brian Austin Green are reportedly living apart but currently have no plans to divorce
Read more »
Fox News hosts Jeanine Pirro and Brian Kilmeade received priority treatment for PPE requests from Kushner's coronavirus team, according to a new reportFox hosts Jeanine Pirro and Brian Kilmeade passed on PPE queries that were fast tracked by Jared Kushner&39;s team, according to a volunteer.
Read more »
Fox Revenue Surged 25% Last Quarter As It Beats Estimates On Strong Ad Growth Driven By SuperBowlFox said revenue for its fiscal third quarter ending in March jumped 25% to $3.44 billion, beating estimates, as ad revenues swelled 44% on SuperBowl LIV. The company announced numbers after the cl…
Read more »