21st Century Fox reported quarterly earnings that met analyst expectations, but revenue that fell short of estimates.
The company said it saw fiscal year second quarter earnings of 44 cents on $7.38 billion in revenue. Analysts had expected 21st Century Fox to report earnings of about 44 cents per share on $7.51 billion in revenue, according to a consensus estimate from Thomson Reuters.
Shares in 21st Century Fox dropped nearly 6 percent following an earnings conference call held by the company on Monday but have recovered slightly.
Revenue for the quarter was down about 1 percent from the $7.42 billion in the year-ago period, the company said, explaining the decline as the result of lower revenues generated at its filmed entertainment segment and the lack of revenues from its Shine production group.