NEW YORK (AP) _ Twenty-First Century Fox Inc. (FOXA) on Wednesday reported fiscal third-quarter net income of $858 million.
The New York-based company said it had profit of 46 cents per share. Earnings, adjusted for asset impairment costs and to account for discontinued operations, came to 49 cents per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The media company posted revenue of $7.42 billion in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $7.31 billion.
Twenty-First Century Fox shares have climbed 9 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 1 percent. In the final minutes of trading on Wednesday, shares hit $37.70, a rise of 34 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FOXA at https://www.zacks.com/ap/FOXA