Twenty-First Century Fox Inc (FOXA) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.45 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.37. The company posted revenue of $6646.00 million in the period, compared to analysts expectations of $6680.18 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on Twenty-First Century Fox Inc. Company shares were Reiterated by Credit Suisse on May 23, 2016 to “Outperform”, Firm has raised the Price Target to $ 40 from a previous price target of $37 .
Twenty-First Century Fox Inc opened for trading at $26.59 and hit $26.79 on the upside on Tusday, eventually ending the session at $26.7, with a gain of 0.30% or 0.08 points. The heightened volatility saw the trading volume jump to 1,23,17,546 shares. Company has a market cap of $50,576 M.
Twenty-First Century Fox Inc. is a media and entertainment company. The Company operates through segments: Cable Network Programming Television Filmed Entertainment and Other Corporate and Eliminations. The Company produces and licenses news business news sports general entertainment factual entertainment and movie programming for distribution primarily through cable television systems direct broadcast satellite operators telecommunications companies and online video distributors in the United States and internationally. The Company is engaged in the operation of broadcast television stations and the broadcasting of network programming in the United States. The Company is engaged in the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media and the production and licensing of television programming around the world.