In this article, we discuss the 5 media and internet stocks to watch after latest earnings. If you want to see some more stocks from the same category, go directly to 10 Media and Internet Stocks to Watch After Latest Earnings.
5. Fox Corporation (NASDAQ:FOXA)
Number of Hedge Fund Holders: 38
Shares of Fox Corporation (NASDAQ:FOXA) closed higher on Wednesday, August 10, 2022, despite missing profit and sales expectations for its fiscal fourth quarter. The mass media company reported adjusted earnings of 74 cents per share, up from 65 cents per share in the year-ago period.
In addition, Fox Corporation (NASDAQ:FOXA) posted revenue of $3.03 billion, up 5 percent on a year-over-year basis. The results were slightly below the consensus of 76 cents per share for earnings and $3.05 billion for revenue.
Fox Corporation (NASDAQ:FOXA) also released its segment-wise sales results. Its affiliate revenue inched up 2 percent to $1.73 billion, advertising revenue rose 7 percent to $1.06 billion and other revenues advanced 4 percent to $252 million in the quarter.