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21st Century Fox (FOXA) Tops Q2 EPS by 11c

February 4, 2015 4:04 PM

21st Century Fox (NASDAQ: FOXA) reported Q2 EPS of $0.53, $0.11 better than the analyst estimate of $0.42. Revenue for the quarter came in at $8.06 billion versus the consensus estimate of $7.35 billion.

Commenting on the results, Chairman and Chief Executive Officer Rupert Murdoch said:

"We delivered solid quarterly results despite continuing currency headwinds and ratings challenges at the FOX broadcast network. Our growth was led by sustained affiliate revenue growth in our channels business. I am also very proud of the creative successes that we have achieved at Twentieth Century Fox, which set a global box-office record in 2014 and leads the industry with 24 Academy Award nominations, including Best Picture nominations for Birdman and The Grand Budapest Hotel, as well as at our television production studios, which have produced the Emmy and Golden Globe winning Fargo, the critically acclaimed American Horror Story and the promising new series Empire.

“In addition to the operational success achieved this past quarter, we also executed two significant strategic transactions, the combination of our European satellite television holdings, creating Europe’s leading pay television business, and the formation of the Endemol Shine Group joint venture. These transactions further enhance our ability to drive long-term value for all of our shareholders."

For earnings history and earnings-related data on 21st Century Fox (FOXA) click here.

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