Fox Corporation Reports a 13% Decline in Quarterly Profit
Quarterly Revenue Increases by 2% as FOX Corporation Sustains Growth
Fox Corporation [FOXA, FOX] reported a net income of $320 million for the fourth quarter ending June 30, 2024. This figure represents a decrease from the previous quarter's net income of $369 million.
The company, headquartered in New York, NY, reported to SEC in an 8-K filing $0.68 earnings per share in the quarter, compared to $0.74 in the previous quarter.
Fox Corporation, a major player in the Media & Entertainment industry, reported a total revenue of $3.09 billion, showcasing a 2% increase compared to the previous period. They have continued to demonstrate growth in their revenue metrics within the sector.
In comparison to the same quarter in the previous year, Fox Corporation's revenue for the current quarter demonstrated a 2% increase, indicating positive growth trends. The profit for the current quarter also experienced a decline of 13% compared to the same quarter the previous year, reflecting changes in the company's financial performance over time.
As of August 7, 2024 end of day trading.
