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Nomura Securities analyst Anthony DiClemente reiterated Buy rating and $31 price target on 21st Century Fox (NASDAQ: FOXA), noting margin upside was offset by industry concern.
DiClemente commented, "Foxs Cable Networks division surprised to the upside on OIBDA, and Television OIBDA was... More
21st Century Fox (NASDAQ: FOXA) reported Q1 EPS of $0.38, in-line with the analyst estimate of $0.38. Revenue for the quarter came in at $6.08 billion versus the consensus estimate of $6.42 billion.
Commenting on the results, Executive Chairman Rupert Murdoch said:
Our cable networks business generated strong growth in the first... More

