CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Fox rises after Q1 results beat on advertising strength

By Reuters News

** Shares of media major Fox Corp FOXA.O rise 4% to $65.8 premarket

** FOXA posts Q1 adj. EPS of $2.54 and Q1 revenue of $4.57 bln, both beating analysts' estimates of $2.09 and $4.31 bln respectively, according to data compiled by LSEG

** Posts Q1 advertising revenue of $2.08 bln, growing 47% yr/yr, beating estimates of $1.82 bln

** Ad revenue driven by broadcast of FIFA Men's World Cup, higher political advertising revenue and digital growth led by the Tubi streaming service

** 13 of 22 brokerages rate the stock "buy" or higher and nine "hold"; median PT is $76 - LSEG data

** As of last close, stock down 13.5% YTD

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.