Fox Tops Estimates With Film, Cable Unit Spurring Profit

21st Century Fox Inc. reported quarterly profit that topped analysts’ estimates, helped by the performance of its film and cable TV divisions, one day after dropping its $75 billion bid for Time Warner Inc.

Chairman and Chief Executive Officer Rupert Murdoch, on a conference call with investors yesterday after the earnings release, called the Time Warner decision “resolute,” and said Fox is a “strategically complete company” that doesn’t need to hunt for acquisitions.