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.