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Fox Corp : Fiscal Q3 earnings snapshot

Fox Corp. on Tuesday reported fiscal third-quarter profit of $283 million.

The New York-based company said it had profit of 50 cents per share. Earnings, adjusted for non-recurring costs, were 81 cents per share.

The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.

The TV broadcasting company posted revenue of $3.46 billion in the period, exceeding Street forecasts. Eleven analysts surveyed by Zacks expected $3.4 billion. AP News

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