21st Century Fox Q2 Earnings In Line, Revenues Miss

After beating the Zacks Consensus Estimate for seven consecutive quarters, Twenty-First Century Fox, Inc. (FOXA – Analyst Report) reported in-line earnings of 44 cents a share in the second quarter of fiscal 2016. However, quarterly earnings declined 17% year over year, disappointing investors. This was clearly reflected in the after-market trading hours yesterday, when shares tumbled 4.4%.