21st Century Fox Shares Shaky After Earnings Beat, Revenue Miss

By Wallace WitkowskiMarketsMarketWatch Pulse

21st Century Fox Inc. fluctuated between gains and losses in the extended session Wednesday after the media company's fiscal fourth-quarter earnings topped Wall Street estimates but revenue didn't. 21st Century Fox shares were last up less than 0.1% at $27.05 after hours. The company reported adjusted earnings of 45 cents a share on revenue of $6.65 billion. Analysts surveyed by FactSet had estimated earnings of 37 cents a share on revenue of $6.68 billion. 21st Century Fox also announced a plan to buy back an additional $3 billion in shares and hiked the annual dividend by 6 cents a share to 36 cents a share.

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