
Twenty-First Century Fox (FOXA) Stock Continues Decline After Earnings Results
NEW YORK (TheStreet) -- Twenty-First Century Fox (FOXA) - Get Report stock continues to decline after the company's fiscal 2016 first quarter revenue missed expectations.
Before the market open on Wednesday, the New York City-based media and entertainment company reported earnings of 38 cents per share.
Revenue decreased by 6.3% year over year to $6.08 billion, for the most recent quarter.
Analysts were expecting the company to report earnings of 37 cents per share on revenue of $6.42 billion.
"Our quarterly results also reflect the expected impact of challenging comparisons for our film studio due to the timing of key releases, as well as the poor performance of The Fantastic Four," said Rupert Murdoch, executive chairman of the company, in a statement. "We are focused on creating compelling storytelling and enhancing the customer experience of our digital video brands as we respond to changing consumer preferences."
Shares of Twenty-First Century Fox were down 1.08% to $29.33 in midday trading on Thursday.
Separately, TTheStreet Ratings team rates TWENTY-FIRST CENTURY FOX INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
We rate TWENTY-FIRST CENTURY FOX INC (FOXA) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its notable return on equity, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself.
You can view the full analysis from the report here: FOXA
data by
Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.









