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21st Century Fox fiscal Q4 revenue jumps 18% YOY

21st Century Fox Inc.'s fiscal fourth-quarter net income attributable to company stockholders almost doubled to $920 million, or 49 cents per share, from $476 million, or 26 cents per share, in the year-ago quarter.

On an adjusted basis, quarterly EPS from continuing operations attributable to Fox stockholders increased to 57 cents from 36 cents, the company said. The S&P Global Market Intelligence consensus EPS estimate for the just-ended quarter was 53 cents on a normalized basis and 52 cents on a GAAP basis.

Revenue for the quarter ended June 30 increased 18% year over year to $7.94 billion from $6.75 billion, driven by double-digit growth across all operating segments but led by higher content revenues at the filmed entertainment segment and higher affiliate and advertising revenues at the cable network programming and television segments, the company said Aug. 8.

The company reported fiscal 2018 attributable net income of $4.46 billion, or $2.40 per share, up from $2.95 billion, or $1.59 per share, in fiscal 2017. The results reflected a $1.5 billion benefit from recently enacted U.S. tax reform legislation.

The S&P Global Market Intelligence consensus EPS estimate for the fiscal year was $1.94 on a normalized basis and $2.44 on a GAAP basis.

Revenue for the 12 months ended June 30, 2018, came to $30.40 billion, up 7% from $28.50 billion in the prior year, reflecting higher affiliate and advertising revenues at the cable network programming segment and higher streaming video-on-demand and theatrical revenues at the filmed entertainment segment.