Twenty-First Century Fox Inc reported a quarterly profit that beat analysts' expectations, as its television and cable units benefited from hosting the World Series and its cable news channel enjoyed strong ratings during the U.S. presidential campaign. Fox's shares were down slightly 0.32 percent in after-hours trading on Monday. The second quarter results demonstrate the importance of live news and sports for media companies as Fox generated higher ad revenue from the World Series, higher political ad spending during the U.S. presidential election and higher affiliate revenue.