21st Century Fox Shares Gain After Earnings Beat

21st Century Fox Inc. late Tuesday reported its fiscal first-quarter net income fell to $1.04 billion, or 47 cents a share, from $1.26 billion, or 54 cents a share, a year ago. Revenue increased 12% to $7.89 billion. On an adjusted basis, 21st Century Fox earned 39 cents a share, ahead of 37 cents a share forecast by analysts in a FactSet survey. Shares of 21st Century Fox rose 0.5% after hours.

Copyright © 2014 MarketWatch, Inc.