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Twenty-First Century Fox Inc. (FOXA) Q4 Earnings Beat Estimates, Revenues Just Miss Despite Solid Growth
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Twenty-First Century Fox Inc. (FOXA - Free Report) just released its fourth quarter fiscal 2016 earnings results, posting earnings of $0.45 per share (excluding special items) and revenue of $6.656 billion.
Currently, FOXA has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Twenty-First Century Fox Inc.:
Beat earnings estimates. The company posted earnings of $0.45 per share (excluding special items), above the Zacks Consensus Estimate of $0.36 per share.
Just missed revenue estimates. The company saw revenue figures of $6.646 billion, which were just below our consensus estimate of $6.656 billion, and rose 7.1% year-over-year.
Announced that it will be hiking its annual dividend by $0.06 a share to $0.36 a share.
Announced it plans to buy back an additional $3 billion in shares.
FOXA was down $0.04, or -0.15%, to $27.00 as of 4:45 PM ET in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Twenty-First Century Fox’s share price and EPS surprises since 2015…
Twenty-First Century Fox Inc. operates as a diversified media and entertainment company worldwide. It operates through Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations segments. The company produces and licenses news, sports, entertainment, television, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
Check back later for our full analysis on FOXA’s second quarter earnings report!
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Twenty-First Century Fox Inc. (FOXA) Q4 Earnings Beat Estimates, Revenues Just Miss Despite Solid Growth
Twenty-First Century Fox Inc. (FOXA - Free Report) just released its fourth quarter fiscal 2016 earnings results, posting earnings of $0.45 per share (excluding special items) and revenue of $6.656 billion.
Currently, FOXA has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
Twenty-First Century Fox Inc.:
Beat earnings estimates. The company posted earnings of $0.45 per share (excluding special items), above the Zacks Consensus Estimate of $0.36 per share.
Just missed revenue estimates. The company saw revenue figures of $6.646 billion, which were just below our consensus estimate of $6.656 billion, and rose 7.1% year-over-year.
Announced that it will be hiking its annual dividend by $0.06 a share to $0.36 a share.
Announced it plans to buy back an additional $3 billion in shares.
FOXA was down $0.04, or -0.15%, to $27.00 as of 4:45 PM ET in after-hours trading shortly after its earnings report was released.
Here’s a graph that looks at Twenty-First Century Fox’s share price and EPS surprises since 2015…
TWENTY-FST CF-A Price and EPS Surprise
TWENTY-FST CF-A Price and EPS Surprise | TWENTY-FST CF-A Quote
Twenty-First Century Fox Inc. operates as a diversified media and entertainment company worldwide. It operates through Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations segments. The company produces and licenses news, sports, entertainment, television, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors.
Check back later for our full analysis on FOXA’s second quarter earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>