Fox Corporation (NASDAQ:FOXA) is expected to report first quarter earnings results, before market open, on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate first quarter income of $ 0.74 per share.
Looking ahead, the full year income are expected at $ 2.01 per share on the revenues of $ 12023.80 million.
Previous Quarter Performance
Fox Corporation unfold income for the fourth quarter of $ 0.62 per share, from the revenue of $ 2,418.00 million. The quarterly revenues shrunk 3.78 percent compared with the same quarter last year. Wall street analysts are predicting, FOXA to report 4Q20 income of $ 0.57 per share from revenue of $ 2400.79 million. The bottom line results beat street analysts by $ 0.05 or 8.77 percent, at the same time, top line results outshined analysts by $ 17.21 million or 0.72 percent.
Stock Performance
Shares of Fox Corporation traded up $ 0.88 or 3.32 percent on Monday, reaching $ 27.40 with volume of 7.24 million shares. Fox Corporation has traded high as $ 27.46 and has cracked $ 26.30 on the downward trend
The closing price of $ 27.40, representing a 33.87 % increase from the 52 week low of $ 19.81 and a 33.27 % decrease over the 52 week high of $ 39.74.
The company has a market capital of $ 16.26 billion and is part of the Consumer Cyclical sector and Broadcasting – TV industry.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized semi-annual dividend of $ 0.23 per share to holders of record as of the close of business on September 2, 2020, with payment date of October 7, 2020 and ex-dividend date on September 1, 2020.
Conference Call
Fox Corporation will be hosting a conference call at 8:30 AM eastern time on 3rd November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.foxcorporation.com
Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
