NEW YORK (TheStreet) -- Shares of Twenty-First Century Fox Inc (FOX) are gaining 2.28% to $32.72 in late morning trading, after the media giant posted fiscal first quarter earnings yesterday of 39 cents per adjusted share, beating analysts' estimates of 36 cents per share.
Revenue was up 12% to $7.89 billion from last year, exceeding analysts' revenue expectations of $6.25 billion.
21st Century Fox to focus on digital; watch the video below for details:
Fox said it was helped by strength in its cable and film businesses, and offset weakness in the television business, with higher cable affiliate fees and the box office success of "Dawn of the Planet of the Apes" and "The Fault in Our Stars."
Separately, TheStreet Ratings team rates TWENTY-FIRST CENTURY FOX INC as a Buy with a ratings score of A-.
- You can view the full analysis from the report here: FOX Ratings Report