According to their Q4 earnings report release today, Fox had a net loss of $308 million vs the period last year. Revenues came in $7.21 billion this quarter, up 16% from a year ago. The revenue number matched the number that analysts expected. Earnings per share, at $0.31 a share, were down $0.03 from the consensus forecasts. The stock was up nearly 2% in after hours trading based on today’s report. The biggest growth was in the company's TV assets with some upturn from the film division. This is the first earnings report since News Corp split off its publishing and newspaper operations in late June. 21st Century Fox holds the former company's broadcast network, the cable networks like FX and its growing spinoff stable, Fox News Channel, and the film and TV production properties.
No comments:
Post a Comment