Fox Q3 2024 Adj EPS $1.09 Beats $0.96 Estimate, Sales $3.447B Beat $3.446B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fox (NASDAQ:FOXA) reported Q3 2024 adjusted EPS of $1.09, surpassing the consensus estimate of $0.96, and sales of $3.447B, slightly above the $3.446B estimate. This represents a 15.60% decrease in sales compared to the same period last year.
May 08, 2024 | 12:01 pm
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Fox reported higher-than-expected Q3 2024 earnings and sales, with an EPS of $1.09 against estimates of $0.96 and sales of $3.447B vs. $3.446B estimates.
Fox's earnings and sales beat are likely to be viewed positively by investors, leading to potential short-term stock price appreciation. The significant beat on EPS and the slight beat on sales, despite a year-over-year decrease in sales, indicate operational efficiency and could boost investor confidence. However, the decrease in sales year-over-year might temper some of the positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100