Twenty-First Century Fox: Fiscal 4Q Earnings Snapshot
NEW YORK (AP) _ Twenty-First Century Fox Inc. (FOXA) on Wednesday reported fiscal fourth-quarter profit of $920 million.
On a per-share basis, the New York-based company said it had net income of 49 cents. Earnings, adjusted for one-time gains and costs, were 57 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.
The media company posted revenue of $7.94 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $7.75 billion.
For the year, the company reported profit of $4.46 billion, or $2.40 per share. Revenue was reported as $30.4 billion.
Twenty-First Century Fox shares have risen 32 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen roughly 7 percent. In the final minutes of trading on Wednesday, shares hit $45.46, an increase of 62 percent in the last 12 months.