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Fox lowers profit outlook, shares drop

(Recasts with guidance, updates share price)

Aug 5 (Reuters) - Media company Twenty-First Century Fox Inc on Wednesday reduced its profit expectation for the coming year, citing foreign currency impacts, the timing of film releases, and sports and digital investments in India.

Fox had projected earnings in the mid-$7 billion range for the 12 months through June 2016. Its shares fell about 5 percent to $30.50 in after-hours trading.

Earnings before interest, taxes, depreciation and amortization (EBITDA) are projected to grow in the mid-single digits above the $6.49 billion from the just-ended fiscal year, Chief Financial Officer John Nallen said on a conference call.

The growth will be driven by cable networks, Chief Executive...


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