21st Century Fox Sales Miss Estimates After Weak Film Summer

Updated on
  • Impact of strong dollar also hurt quarterly revenue, Fox says
  • Company will stop providing detailed annual profit guidance

21st Century Fox Inc., Rupert Murdoch’s film and TV company, posted first-quarter revenue that missed analysts’ estimates, hurt by the costly flop of “Fantastic Four” and the strong dollar. The company also said it will stop providing guidance that includes a specific annual earnings forecast in dollars.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.