NEW YORK (TheStreet) -- Shares of Twenty-First Century Fox (FOXA) were gaining 0.2% to $33.40 after-hours Tuesday after the media company beat analysts' estimates for earnings and revenue in the fiscal first quarter.
Fox reported earnings of 47 cents a share for the fiscal first quarter, beating the 37 cents a share analysts surveyed by FactSet expected for the quarter. Revenue grew 12% year over year to $7.89 billion for the quarter, beating analysts' estimates of $6.25 billion.
Cable Network Programming revenue grew 15% year over year to $3.23 billion for the quarter, Filmed Entertainment revenue grew 16.8% to $2.48 billion, and Direct Broadcast Satellite Television revenue grew 4.2% to $1.45 billion. Television revenue was flat at $1.05 billion for the quarter.
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TheStreet Ratings team rates TWENTY-FIRST CENTURY FOX INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TWENTY-FIRST CENTURY FOX INC (FOXA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins."
You can view the full analysis from the report here: FOXA Ratings Report