05.11.2014 - 21st Century Fox lowered profits but increased revenues
Company 21st Century Fox released a statement for the last quarter according to which the company's net profit fell to 1.04 billion dollars, or 47 cents per share, which is worse than last year - 1.26 billion, or 54 cents per share. It is worth noting that the revenues increased by 12% to 7.89 billion. Despite the decline in financials the company's shares remain attractive due to increased sales and growth of the overall growth of consumer spending. We forecast increase in prices by 15-20% per year.