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Twenty-First Century Fox (FOXA) Stock Rises Despite Expected Weak Earnings

NEW YORK (TheStreet) --Twenty-First Century Fox (FOXA - Get Report) shares are increasing 0.6% to $31.05 on Tuesday even though analysts are forecasting the company to post a year-over-year decline in profit and sales.

The company is scheduled to report its first quarter fiscal 2016 earnings on Wednesday before the market opens.

For the latest quarter, analysts are expecting the New York-based media and entertainment company to report earnings of 38 cents a share on revenue of $6.42 billion.

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In the same period the previous year, the company earned 39 cents a share on revenue of $6.44 billion.

While rising affiliate fees may help the company's latest quarterly results, a rise in expenses due to investments in original programming and increases in sports contracts may negatively affect the company's advertising revenue, according to Zacks Equity...