Investing.com - Fox Corp A reported on Wednesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Fox Corp A announced earnings per share of $0.74 on revenue of $3.03B. Analysts polled by Investing.com anticipated EPS of $0.7563 on revenue of $3.05B.
Fox Corp A shares are down 5.5% from the beginning of the year , still down 22.42% from its 52 week high of $44.95 set on Thursday, February 10, 2022. They are outperforming the S&P 500 which is down 11.73% year to date.
Fox Corp A shares gained 3.35% in intra-day trade the report.
Fox Corp A follows other major Communication Services sector earnings this month
Fox Corp A's report follows an earnings missed by Alphabet C on Tuesday, July 26, 2022, who reported EPS of $1.21 on revenue of $69.69B, compared to forecasts EPS of $1.27 on revenue of $69.8B.
Alphabet A had missed expectations on Tuesday, July 26, 2022 with second quarter EPS of $1.21 on revenue of $69.69B, compared to forecast for EPS of $1.27 on revenue of $69.8B.
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