Twenty-First Century Fox Q2 Loss Narrows

(RTTNews) - Twenty-First Century Fox Inc. (FOXa), reporting its earnings results for the first time since it split-up from News Corp. (NWSa), said its second-quarter net loss was $371 millions or $0.16 per share, narrower than a loss of $1.55 billion or $0.64 per share last year.

Income from continuing operations for the quarter rose to $1.04 billion or $0.42 per share from $629 million or $0.25 per share last year.

On average, 19 analysts polled by Thomson Reuters expected earnings of $0.34 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose 16 percent to $7.21 billion from $6.24 billion a year ago. Analysts estimated revenues of $7.12 billion for the quarter.