While reporting its “highest cable earnings ever,” Twenty-First Century Fox posted mixed fiscal third-quarter results, missing Wall Street’s income projections but exceeding its revenue target.

Strong growth in the cable division wasn’t enough to offset shrinking TV network advertising revenue, according to Fox, which is in the process of selling its film and TV assets to Disney for $52.4 billion.

Shares slipped 21 cents, to $37.24, and were flat in extended trading.

“We continue to make operational and financial progress against near-term objectives as we also work to close our strategic transactions,” said Co-Executive Chairman Lachlan Murdoch.

Fox notched a 10 percent rise in cable revenue to $4.42 billion, while network TV sales dipped 32 percent to $1.15 billion, due in part to lower NFL postseason ratings. Filmed entertainment revenue edged down 0.6 percent, to $2.24 billion.

Overall, for the period ended March 31, Fox’s profit totaled $858 million, or 46 cents a share, versus $799 million, or 43 cents, during the year-earlier period.

Excluding items, earnings per share clocked in at 49 cents, four cents less than Street expectations. Revenue slid 1.9 percent, to $7.42 billion, eclipsing a $7.4 billion analyst estimate.