NEW YORK (AP) _ Fox Corp. (FOXA) on Wednesday reported fiscal third-quarter earnings of $567 million.
The New York-based company said it had profit of 96 cents per share. Earnings, adjusted for non-recurring gains, were 88 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.
The TV broadcasting company posted revenue of $3.22 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $3.12 billion.
Fox shares have climbed 25% since the beginning of the year, while the S&P’s 500 index has increased 11%. In the final minutes of trading on Wednesday, shares hit $36.34, an increase of 51% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FOXA at https://www.zacks.com/ap/FOXA
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