Twenty-First Century Fox rises after earnings beat [CNBC]
Fox Corporation - Class B (FOX)
Last fox corporation - class b earnings: 5/10 04:03 pm
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Source: CNBC
Twenty-First Century Fox reported earnings and revenue that topped Wall Street expectations on Wednesday. The stock edged slightly higher in extended trading. Here's how the company did compared with what Wall Street: Adjusted EPS: 42 cents vs. 38 cents expected, according to Thomson Reuters Revenue: $8.04 billion vs. $7.94 billion expected, According to Thomson Reuters In the year-ago quarter, Fox reported adjusted earnings of 53 cents a share on revenue of $7.68 billion. Fox's earnings report comes as investors look for updates on its pending deal for many of its assets to be acquired by Disney. In December, Disney said its CEO Bob Iger would stay on through the end of 2021. Fox CEO James Murdoch will help with the transition. Iger said in a Tuesday earnings call that the Fox acquisition would help Disney deliver more content, enhance its direct-to-consumer initiatives and diversify the business geographically. Still, the proposed acquisition o
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