Fox turns in solid FQ1 results amidst M&A flurry

21st Century Fox has reported higher fiscal first-quarter earnings ahead of its deal closing with the Walt Disney Co.

Q1 profit rose to $1.285 billion, well up from $855 million a year ago, thanks in no small part to a tax benefit of $220 million from selling its 39% stake in Sky to Comcast. Revenue meanwhile was up just 2% to $7.177 billion.

Source: Fox turns in solid FQ1 results amidst M&A flurry

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