Revenue Update on Twenty-First Century Fox Inc(NASDAQ:FOXA)

Twenty-First Century Fox Inc(NASDAQ:FOXA) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $7.682B. Analysts estimated a revenue of $7.720B. The revenues were -0.49% below the estimates. Earnings per share were $0.53. The reported EPS was above estimates by 8.16%. Analysts had estimated an EPS of $0.49.

In a different note, On Feb 1, 2017, Moffett Nathanson said it Upgrades its rating on Twenty-First Century Fox Inc. The shares have been rated ‘Buy’ by the firm. On Jan 3, 2017, Wells Fargo said it Upgrades its rating on Twenty-First Century Fox Inc. The shares have been rated ‘Outperform’ by the firm. On Dec 14, 2016, Brean Capital said it Upgrades its rating on Twenty-First Century Fox Inc. In the research note, the firm Announces the price-target to $33 per share. The shares have been rated ‘Buy’ by the firm. On Dec 12, 2016, Telsey Advisory Group said it Downgrades its rating on Twenty-First Century Fox Inc. The shares have been rated ‘Market Perform’ by the firm.

Twenty-First Century Fox Inc (FOXA) shares turned negative on Tuesdays trading session with the shares closing down -0.58 points or -1.87% at a volume of 1,51,76,576. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $31.46. The peak price level was also seen at $31.46 while the days lowest was $30.14. Finally the shares closed at $30.48. The 52-week high of the shares is $31.75 while the 52-week low is $22.66. According to the latest information available, the market cap of the company is $56,551 M.

Twenty-First Century Fox Inc. is a media and entertainment company. The Company operates through segments: Cable Network Programming Television Filmed Entertainment and Other Corporate and Eliminations. The Company produces and licenses news business news sports general entertainment factual entertainment and movie programming for distribution primarily through cable television systems direct broadcast satellite operators telecommunications companies and online video distributors in the United States and internationally. The Company is engaged in the operation of broadcast television stations and the broadcasting of network programming in the United States. The Company is engaged in the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media and the production and licensing of television programming around the world.

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