Twenty-First Century Fox misses Wall Street sales target [Reuters]
Fox Corporation - Class B (FOX)
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Source: Reuters
FILE PHOTO - The 21st Century Fox logo is seen outside the News Corporation headquarters in Manhattan, New York, U.S. on April 29, 2016. REUTERS/Brendan McDermid/File Photo Twenty-First Century Fox Inc ( FOXA.O ), the television and film company controlled by Rupert Murdoch, reported quarterly revenue below Wall Street's expectations on Wednesday, weighed down by weaker box office results. Its shares initially dipped in after-hours trading, but then regained ground to where they ended regular trading, at $27.90. Sales at the company's film division fell nearly 3 percent to $2.26 billion in the fiscal third quarter as releases like "Logan", grossed less than the 2016 hit "Deadpool" did in the same quarter last year. The television side of Fox's business fared better, posting an increase in both advertising and U.S. cable, even as many of its pee
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