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21st Century Fox (FOXA) Tops Q4 EPS by 8c

August 3, 2016 4:07 PM

21st Century Fox (NASDAQ: FOXA) reported Q4 EPS of $0.45, $0.08 better than the analyst estimate of $0.37. Revenue for the quarter came in at $6.65 billion versus the consensus estimate of $6.68 billion.

Quarterly total segment OIBDA of $1.45 billion declined by $93 million from the $1.54 billion reported in the prior year quarter. This decrease was due to expected lower contributions from the Filmed Entertainment segment partially offset by higher contributions at the Television segment. The adverse impact of foreign exchange rates impacted quarterly OIBDA growth by $53 million, or 3% in total.

Commenting on the results, Executive Chairmen Rupert and Lachlan Murdoch said:

“We delivered full-year revenue and earnings growth on the strength of gains in affiliate and advertising revenues despite considerable foreign exchange headwinds and difficult film comparisons. The value created by our multi-year investment in our content production and our global video brands is clear. Our brands are an indispensable part of any consumer offering, whether from a traditional distributor or a new entrant like Hulu’s upcoming live and on-demand service, which will benefit greatly from Time Warner’s investment and participation. The work we did this year bolsters our strong position in a world of growing demand and access to the premium content that consistently sets us apart.”

Company today announces a $0.06 increase to the annual dividend and an incremental $3 billion buyback authorization.

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

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