NEW YORK (TheStreet) -- Shares of Twenty-First Century Fox (FOXA) are surging 5.23% to $34.02 in pre-market trading after the company reported better than expected fiscal third quarter earnings late yesterday.
The media company reported its third quarter earnings of 47 cents per share, beating analysts' expectations of 35 cents per share.
Revenue for the quarter was $8.22 billion, up 12% from one year ago, and higher than the $7.98 billion analysts expected.
Separately, TheStreet Ratings team rates TWENTY-FIRST CENTURY FOX INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate TWENTY-FIRST CENTURY FOX INC (FOXA) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
- You can view the full analysis from the report here: FOXA Ratings Report