NEW YORK (TheStreet) -- Shares of Twenty-First Century Fox  (FOXA) were retreating in after-hours trading on Wednesday despite posting better-than-expected earnings and revenue for the fiscal 2017 first quarter. 

After the market close, the New York City-based entertainment company reported adjusted earnings of 51 cents per share, topping the FactSet consensus of 44 cents per share. 

Revenue rose 7% year-over-year to $6.51 billion and beat analysts' expectations of $6.47 billion.

Sales within the company's cable networks segment increased 10%, while sales from carriage payments by pay TV providers were up 8% and domestic advertising sales rose 6%. Revenue within the filmed entertainment segment was up 7%.

Revenue within the television unit was down 1% due to competition with Olympics coverage and tough year-over-year comparisons 

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

Twenty-First Century Fox's strengths such as its increase in net income, revenue growth and growth in earnings per share are countered by weaknesses including a generally disappointing performance in the stock itself and generally higher debt management risk.

You can view the full analysis from the report here: FOXA

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author. 

If you liked this article you might like

Goldman Bankers (Mostly) Upbeat on Tech M&A and IPO Trends

Goldman Bankers (Mostly) Upbeat on Tech M&A and IPO Trends

Dow Futures Plunge More Than 200 Points After Inflation Data

Dow Futures Plunge More Than 200 Points After Inflation Data

Inflation, Chipotle, Credit Suisse and Sam's Club - 5 Things You Must Know

Inflation, Chipotle, Credit Suisse and Sam's Club - 5 Things You Must Know

Closing Bell: LIVE MARKETS BLOG

Closing Bell: LIVE MARKETS BLOG

Broadcom and Qualcomm, Comcast and Fox - 5 Things You Must Know

Broadcom and Qualcomm, Comcast and Fox - 5 Things You Must Know