Fox Corporation Stock Rises After a Strong Earnings Report
Shares of Fox Corporation (NASDAQ: FOX)(NASDAQ: FOXA) headed higher on Thursday after the company showed its business is holding up well during the COVID-19 pandemic. Both its Class A shares and Class B shares were 9% higher during early trading, before fading later in the session.
What might be most surprising for investors is Fox's ad revenue, which in the third quarter of fiscal 2020 grew a whopping 44% year over year.
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Source Fool.com
