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Update: Fox Shares Rise After Fiscal Q4 Adjusted Earnings, Revenue Beat Estimates

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(Updates with the latest stock price movement in the headline and first paragraph.)

Fox (FOX, FOXA) shares rose 5.1% in Thursday trading after the company reported fiscal Q4 adjusted earnings and revenue that increased from a year earlier and exceeded Wall Street expectations.

The company reported fiscal Q4 adjusted earnings Thursday of $1.79 per diluted share, up from $1.27 a year earlier.

Analysts surveyed by FactSet expected $1.42.

Revenue for the quarter ended June 30 was $4.21 billion, up from $3.29 billion a year ago.

Analysts expected $3.64 billion.

The board increased the semi-annual dividend to $0.29 per share from the prior dividend of $0.28. The latest dividend is payable Sept. 23 to shareholders of record on Sept. 2.

Price: $54.87, Change: $+2.67, Percent Change: +5.11%

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