Atlantic Equities Downgrades 21st Century Fox (FOXA) to Neutral

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Go back to Atlantic Equities Downgrades 21st Century Fox (FOXA) to Neutral

21st Century Fox Reports Third Quarter Income from Continuing Operations Per Share of $0.47 and Third Quarter Total Segment Operating Income before Depreciation and Amortization of $1.68 Billion on To

May 6, 2015 4:02 PM EDT

NEW YORK--(BUSINESS WIRE)-- Twenty-First Century Fox, Inc. (21st Century Fox or the Company -- NASDAQ: FOXA, FOX) today reported financial results for the three months ended March 31, 2015.

The Company reported quarterly revenues of $6.84 billion, a $1.38 billion decline from the $8.22 billion revenue reported in the prior year quarter. Excluding the prior year quarters net revenues from the Direct Broadcast Satellite Television (DBS) businesses, Sky Italia and Sky Deutschland AG, which were sold in November 2014 to Sky plc (Sky), adjusted revenues increased $84 million or 1% over the $6.76 billion of adjusted revenue in the prior year quarter. This increase primarily reflects double-digit... More