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Twenty-first Century Fox exceeded Wall Street’s expectations in its second quarter earnings.
Fox reported revenue of $8.04 billion for the quarter, ahead of analyst estimates of $7.94 billion. The media giant reported an adjusted per share earnings of 42 cents a share, exceeding analyst forecasts of 38 cents a share.
The company said total revenues rose 5% from a year ago, thanks to higher affiliate, syndication and advertising revenue.
The cable group reported an…