Fox Corp.'s latest quarterly financials, reportedTuesday, drew positive reviews from Wall Street analysts. But the company's stock took a hit Wednesday despite broader market gains, as analysts discussed the potential fallout of the U.S.
elections. As of 12:45 p.m. ET, Fox's shares were down 6.7 percent at $25.22. Over the past year, the stock has traded between $19.81 and $39.74. "Fiscal first-quarter results beat on strong ad and shifted costs," UBS analyst John Hodulik said in his earnings review.
But he called the election outcome "an overhang." Explained the analyst: "Ratings implications with a potential change in administration and increased competition at Fox News … remain overhangs." Hodulik noted, for example, that fourth-quarter.
Read more on hollywoodreporter.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.