NEW YORK (AP) _ Fox Corp. (FOXA) on Wednesday reported fiscal fourth-quarter net income of $253 million.

On a per-share basis, the New York-based company said it had net income of 43 cents. Earnings, adjusted for non-recurring costs, came to 65 cents per share.

The results beat Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The TV broadcasting company posted revenue of $2.89 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $2.74 billion.

Fox shares have climbed 20% since the beginning of the year, while the S&P's 500 index has climbed 17%. In the final minutes of trading on Wednesday, shares hit $34.87, an increase of 31% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FOXA at https://www.zacks.com/ap/FOXA

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