Revenue Update on Twenty-First Century Fox Inc(NASDAQ:FOXA)

Twenty-First Century Fox Inc(NASDAQ:FOXA) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $6.65B. Analysts estimated a revenue of $6.77B. Earnings per share were $0.38. Analysts had estimated an EPS of $0.38.

In a different note, On Aug 1, 2016, UBS said it Maintains its rating on Twenty-First Century Fox Inc. In the research note, the firm Lowers the price-target to $40.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 25, 2016, Credit Suisse said it Maintains its rating on Twenty-First Century Fox Inc. In the research note, the firm Lowers the price-target to $40.00 per share. The shares have been rated ‘Outperform’ by the firm. Brean Capital said it Initiates Coverage on Twenty-First Century Fox Inc, according to a research note issued on Jul 6, 2016. The shares have been rated ‘Hold’ by the firm.

Twenty-First Century Fox Inc (FOXA) shares turned negative on Fridays trading session with the shares closing down -0.14 points or -0.54% at a volume of 1,05,90,192. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $26.37. The peak price level was also seen at $26.37 while the days lowest was $25.95. Finally the shares closed at $26.02. The 52-week high of the shares is $31.395 while the 52-week low is $22.66. According to the latest information available, the market cap of the company is $48,463 M.

Twenty-First Century Fox Inc. is a media and entertainment company. The Company operates through segments: Cable Network Programming Television Filmed Entertainment and Other Corporate and Eliminations. The Company produces and licenses news business news sports general entertainment factual entertainment and movie programming for distribution primarily through cable television systems direct broadcast satellite operators telecommunications companies and online video distributors in the United States and internationally. The Company is engaged in the operation of broadcast television stations and the broadcasting of network programming in the United States. The Company is engaged in the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media and the production and licensing of television programming around the world.

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