Twenty-First Century Fox Q2 Profit Tops Estimate

(RTTNews) - Twenty-First Century Fox Inc. (FOXA, FOX) reported net income for the second quarter of $6.21 billion or $2.88 per share, compared to $1.21 billion or $0.53 per share for the year-ago quarter.

Income from continuing operations for the second quarter was $6.22 billion or $2.89 per share, compared to $982 million or $0.43 per share in the prior year quarter.

Excluding items, second quarter adjusted earnings per share was $0.53, compared to $0.33 in the same quarter of the prior year.

Second quarter revenues fell to $8.06 billion from $8.16 billion a year earlier. Excluding the net revenues from the DBS businesses in the current year and prior year quarters, adjusted revenues increased to $7.42 billion from $6.73 billion last year.

Analysts polled by Thomson Reuters expected the company to earn $0.42 per share on revenue of $7.36 billion for the second quarter. Analysts' estimates typically exc;ude special items.