Fox Meets Q1 Earnings Estimates Ahead of Disney Merger
Fox released its Summer 2018 earnings on Wednesday, when TV did its very best to make up for what the studio’s films lacked.
In what may be 21st Century Fox’s second-to-last quarter as a standalone corporation due to the pending Disney deal, Wall Street expected to see earnings per share (EPS) of 52 cents on $7.22 billion in revenue, according to a consensus compiled by Yahoo Finance. Fox reported exactly that 52 cents of EPS for the company’s first quarter if fiscal 2019, but it was on $7.18 billion in revenue.
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