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Fox Corporation Q4 adjusted earnings Beat Estimates

(RTTNews) - Fox Corporation (FOX) released earnings for fourth quarter that dropped from the same period last year.

The company's earnings came in at $122 million, or $0.20 per share. This compares with $454 million, or $0.73 per share, in last year's fourth quarter.

Excluding items, Fox Corporation reported adjusted earnings of $375 million or $0.62 per share for the period.

Analysts had expected the company to earn $0.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.6% to $2.42 billion from $2.51 billion last year.
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