Cable, Sports Carry Fox to Strong Q2 Earnings

For the period, cable network programming revenue was $3.96 billion, above the $3.7 billion reported during the same quarter past year.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, November 2nd. Nine analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Waddell & Reed Financial Inc. acquired a new position in shares of Twenty-First Century Fox during the second quarter worth about $230,114,000. During the same quarter in the previous year, the company posted $0.44 EPS. The company reported $0.51 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.44 by $0.07.

The stock price of firm is moving up from its 20 days moving average with 1.17% and remote isolated positively from 50 days moving average with 4.48%. Twenty-First Century Fox has a 52-week low of $22.66 and a 52-week high of $31.75. The price to current year EPS estimates from research analysts now stands at N/A. Let us check out how WSJ analysts have ranked FOXA for quarterly and monthly. For comparison, there was a revenue of $7.38B and EPS of $0.47 in the December 2016 period. The stock floated in a price range of $31.16 to $31.62, with market capitalization of $57.57B.

The conglomerate reported quarterly income from continuing operations of $857 million, compared to $674 million in the year-ago period, and an earnings per-share of 53 cents. (NASDAQ:FOXA)'s earnings per share has been growing at a 10.3 percent rate over the past 5 year when average revenue increase was noted as 2.4 percent. ( FOX ) reported a profit for its second quarter that rose from a year ago. MD raised its stake in Twenty-First Century Fox by 42.5% in the third quarter. Quadrant Capital Group LLC now owns 6,713 shares of the company's stock worth $171,000 after buying an additional 159 shares during the last quarter. The consensus price target (PT) of $33.38 means that the market expects Company shares to increase by 6.1% in the short run. (NASDAQ:FOXA) beats earnings by 75%, The Stock Missed Earnings 1 times and has met earnings 2 times.

Twenty-First Century Fox, Inc.

Twenty-First Century Fox a media and entertainment company.

Revenue by segment: Cable Network Programming, $3.97B (up 7.1%); Television, $1.92B (up 11.8%); Filmed Entertainment, $2.27B (down 3.9%); Other, -$472M. "Our record-breaking post-season baseball run underscores the vast value of our sports programming, as well as the broader competitive advantage we have built through our other leadership positions in entertainment and news", said Executive Chairmen Rupert and Lachlan Murdoch in a statement.

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