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Twenty First Century Fox (FOXA) Maintains Cautious Outlook

Twenty First Century Fox (FOXA) Maintains Cautious Outlook Zacks 40 mins ago Sirius XM Holdings, Inc. Earnings Q2*, 2015 Capital Cube q 2 days 5 hrs ago

Shares of Twenty-First Century Fox, Inc. FOXA have fallen nearly 6% since the company reported mixed fourth-quarter fiscal 2015 results on Aug 5. Though adjusted earnings of 39 cents per share came ahead of the Zacks Consensus Estimate, revenues missed expectations. Moreover, on a year over year basis, both earnings and revenues registered decline of 7.1% and 9.3%, respectively.

Also, OIBDA (operating income before depreciation and amortization) declined 4.7% year over year to $1,544 million in the quarter. Disappointing results at Filmed and Television segment ran down growth at Cable Network Programming.

Moreover, management pulled down the fiscal 2016 EBITDA guidance for the second time and maintained a cautious stance for both Filmed and Television segments in fiscal 2016. Management expects television EBITDA to remain flat year over year as increases in expenses and flat ad revenues will...