Viacom Inc. (VIAB - Free Report) a leading entertainment content company that operates primarily in the U.S. and Europe. The company offers many of the world’s best known entertainment brands through television, motion picture, Internet, mobile and video game platforms.
Currently, Viacom has a Zacks Rank #3 (Hold), but that could definitely change following Viacom’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Viacom beat on earnings. Our consensus earnings estimate called for adjusted EPS of 65 cents per share, while the company reported an adjusted EPS of 69 cents per share.
Revenue: Viacom reported revenues of $3,226 million which missed our consensus estimate of $3,304.
Key Stats to Note: Quarterly adjusted operating income fell 49% year over year. Revenues in the Media Networks segment and Filmed Entertainment segment declined 11% and 24% respectively.
VIACOM INC-B Price and EPS Surprise
Check back later for our full write up on this Viacom earnings report later!
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