Upgrade to SI Premium - Free Trial

Twenty-First Century Fox, Inc. (FOXA) Tops Q3 EPS by 12c, Sales Beat

May 7, 2014 4:17 PM

Twenty-First Century Fox, Inc. (NASDAQ: FOXA) reported Q3 EPS of $0.47, $0.12 better than the analyst estimate of $0.35. Revenue for the quarter came in at $8.22 billion versus the consensus estimate of $7.99 billion.

The Company reported third quarter total segment operating income before depreciation and amortization (“OIBDA”)(2) of $1.79 billion, as compared to $1.57 billion reported a year ago, representing a $217 million or 14% increase. The OIBDA growth was led by increased contributions from the Cable Network Programming and Television segments.

Commenting on the results, Chairman and Chief Executive Officer Rupert Murdoch said: “We delivered strong results in the fiscal third quarter with double-digit revenue and earnings growth led by sustained gains in affiliate fees at our cable networks. The sizeable audiences of our live television events, led by the most watched Super Bowl in history, underscore the value of our investments in live sports programming, both in the US and internationally. This quarter’s continued solid operational and financial performance demonstrates the global leadership of our businesses and the long-term value we are creating for our shareholders.”

For earnings history and earnings-related data on Twenty-First Century Fox, Inc. (FOXA) click here.

Categories

Earnings Hot Earnings Management Comments

Next Articles