Fox Q4 Earnings Surpass Estimates, Revenue Misses

(RTTNews) - Media company Twenty-First Century Fox Inc (FOXA, FOX) on Wednesday reported fourth-quarter net earnings of $87 million or $0.04 per share compared with $999 million or $0.45 per share last year.

Excluding items, adjusted earnings for the quarter were $0.39 per share compared with $0.42 per share a year ago.

Revenues for the quarter were $6.21 billion compared with $8.42 billion in the prior year, when it benefited from the Direct Broadcast Satellite Television businesses that have since been sold.

Analysts polled by Thomson Reuters estimated earnings of $0.37 per share on revenues of $6.41 billion for the quarter. Analysts' estimates typically exclude special items.

"We made clear operational strides over the last year that will further position us to benefit from the strong and growing global demand for high quality video content," said Executive Chairman Rupert Murdoch.

The company has declared a dividend of $0.15 per share.