Twenty-First Century Fox, Inc. Q2 Profit Drops 24%

(RTTNews) - Twenty-First Century Fox, Inc. (FOX) released earnings for second quarter that declined compared to the same period last year.

The company said its earnings dropped to $0.86 billion, or $0.44 per share. This was lower than $1.13 billion, or $0.53 per share, in last year's second quarter.

Analysts had expected the company to earn $0.43 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.5% to $7.38 billion. This was down from $7.42 billion last year.

Twenty-First Century Fox, Inc. earnings at a glance:

-Earnings (Q2): $0.86 Bln. vs. $1.13 Bln. last year. -Earnings Decline (Y-o-Y): -23.9% -EPS (Q2): $0.44 vs. $0.53 last year. -EPS Decline (Y-o-Y): -17.0% -Analysts Estimate: $0.43 -Revenue (Q2): $7.38 Bln vs. $7.42 Bln last year. -Revenue Change (Y-o-Y): -0.5%