NEW YORK (TheStreet) -- Shares of Twenty-First Century Fox Inc (FOXA) are trading lower by 1.15% to $33.53 Wednesday afternoon, ahead of the media giant's earnings release for the third quarter ended in March.
The company is expected to report after the market closes today.
Analysts are expecting earnings of 39 cents per share, according to analysts polled by Thomson Reuters.
Revenue is expected to come in at $6.9 billion, down compared to the $7.35 billion it reported a year ago.
New York City-based Twenty-First Century Fox is a diversified global media and entertainment company that operates industry segments including cable network programming, television, filmed entertainment, and direct broadcast satellite television.
Insight from TheStreet's Research Team:
21st Century Fox is a core holding of Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. During the most recent weekly roundup, this is what Jim Cramer, Portfolio Manager & Jack Mohr, Director of Research - Action Alerts PLUS had to say about the stock:
Twenty-First Century Fox ( FOXA:Nasdaq; $34.50; 2,900 shares; 3.84%; Sector: Consumer Discretionary): The shares traded higher this week on little news. We would point out that The Vergereported earlier in the week that Hulu (owned by Disney (DIS), Comcast (CMCSA) and Fox) now has 9 million subscribers, an increase of 50% over the same period last year. Even more, the company earlier in the week landed a deal to stream all 180 episodes of Seinfeld. We love FOXA for its strong content and international growth story. We reiterate $42 target.