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FBR Capital's Crockett Comments on Twenty-First Century Fox's (FOXA) Earnings on CNBC

NEW YORK (TheStreet) --Shares of Twenty-First Century Fox (FOXA) are lower on Thursday morning, after the media giant reported mixed 2016 fourth quarter earnings after the close on Wednesday. The company posted earnings per share of 45 cents on revenue of $6.65 billion. The EPS was higher than the projected 37 cents, however, revenue missed expectations of $6.68 billion.

FBR Capital Senior research analyst Barton Crockett joined CNBC's "Squawk Box" Thursday morning to break down the report and project a long-term outlook as the company comes under new management.