Twenty-First Century Fox Profit Tops Estimates, Revenue Misses

(RTTNews) - Twenty-First Century Fox Inc (FOXA, FOX) on Wednesday reported third-quarter net earnings of $975 million or $0.46 per share compared with $1.05 billion or $0.47 per share last year.

Excluding items, adjusted earnings for the quarter were $0.42 per share.

Revenues for the quarter were lower at $6.84 billion compared with $8.22 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.39 per share on revenues of $6.89 billion for the quarter. Analysts' estimates typically exclude special items.

"In the fiscal third quarter, we delivered double-digit affiliate revenue growth at our cable networks and continued our strong operating performance at our film studio," said CEO Rupert Murdoch.