00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Fox reported adjusted earnings of $1.32 per share on $3.994 billion in revenue for the fiscal third quarter,
00:11surpassing Wall Street estimates of $1.12 per share and $3.795 billion, according to Benzinga.
00:19Revenue fell 8.6% from $4.371 billion a year earlier.
00:26Adjusted net income increased to $570 million from $507 million last year.
00:32CFO Steve Tomsich said Fox delivered record third quarter EBITDA growth and strong free cash flow while continuing share repurchases.
00:41Following the earnings report, Wells Fargo, Barclays, JP Morgan and Evercore ISI Group raised their price targets on the stock
00:49while maintaining neutral equivalent ratings.
00:51Shares fell 2.4% to $66.08 on Tuesday.
00:56For all things money, visit Benzinga.com.
Comments