Twenty-First Century Fox (FOXA) Stock Gains on Strong Fiscal First Quarter Earnings

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."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Separately, TheStreet Ratings team rates TWENTY-FIRST CENTURY FOX INC as a Buy with a ratings score of A-.

FOX Chart FOX data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

Trump Tariff Threat, Deutsche Bank, Elon Musk and Apple - 5 Things You Must Know

Deutsche Bank Confirms Massive Job Cuts as New CEO Christian Sewing Plants Flag

Deutsche Bank Confirms Massive Job Cuts as New CEO Christian Sewing Plants Flag

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Automakers Slump as Trump Launches National Security Probe into US Car Imports