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Fox: Fiscal 2Q Earnings Snapshot

NEW YORK (AP) _ Fox Corp. (FOXA) on Wednesday reported fiscal second-quarter profit of $300 million.

On a per-share basis, the New York-based company said it had net income of 48 cents. Earnings, adjusted for non-recurring gains, came to 10 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The TV broadcasting company posted revenue of $3.78 billion in the period.

Fox shares have climbed 4% since the beginning of the year, while the Standard & Poor's 500 index has climbed 3%.


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