Fox Inc Earnings, Revenue miss in Q1
Investing.com - Fox Inc (NASDAQ:FOX) reported first quarter earnings that missed analyst's expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.52 on revenue of $7.18B. Analysts polled by Investing.com forecast EPS of $0.53 on revenue of $7.25B. That compared to EPS of $0.49 on revenue of $7.00B in the same period a year earlier. The company had reported EPS of $0.57 on revenue of $7.94B in the previous quarter.
For the year, Fox Inc shares are up 38.07%, outperforming the Nasdaq 100 which is up 11.77% year to date.
Fox Inc follows other major Services sector earnings this month
On October 25, Amazon.com reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.
Alibaba earnings missed analyst's expectations on Friday, with second quarter EPS of $1.4 on revenue of $85.15B. Investing.com analysts expected EPS of $6.85 on revenue of $86.66B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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