Viacom is a leading entertainment content company that operates primarily in the United States and Europe. As a part of its newly-unveiled turnaround plan, the company intends to focus on six of its core brands- BET, Comedy Central, MTV, Nickelodeon, Nick Jr. and Paramount.
Viacom reports two business segments – Media Networks and Filmed Entertainment.
Media Networks offers program services, websites and other digital media services in the United States and abroad. The segment includes three groups- the Global Entertainment Group, the Nickelodeon Group and BET Networks.
Filmed Entertainment segment produces, finances, and distributes motion pictures and other entertainment content.
Zacks Rank: Currently, Viacom has a Zacks Rank #2 (Buy) but that could change following its second-quarter 2018 earnings report which has 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 details from the just-released announcement below:
Earnings: Viacom’s adjusted earnings came in at 92 cents per share, which beat the Zacks Consensus Estimate by 12 cents.
Revenues: Revenues of $3.15 billion beat the Zacks Consensus Estimate of $3.04 billion but decreased 3% on a year-over-year basis.
Key Stats: Adjusted operating income increased 5% year over year to $641 million.
Stock Price: Shares price did not show any movement in the pre-market trading session.
Check back later for our full write up on this Viacom earnings report later!
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Viacom (VIAB) Beats Q2 Earnings, Revenues Down Y/Y
Viacom is a leading entertainment content company that operates primarily in the United States and Europe. As a part of its newly-unveiled turnaround plan, the company intends to focus on six of its core brands- BET, Comedy Central, MTV, Nickelodeon, Nick Jr. and Paramount.
Viacom reports two business segments – Media Networks and Filmed Entertainment.
Media Networks offers program services, websites and other digital media services in the United States and abroad. The segment includes three groups- the Global Entertainment Group, the Nickelodeon Group and BET Networks.
Filmed Entertainment segment produces, finances, and distributes motion pictures and other entertainment content.
Zacks Rank: Currently, Viacom has a Zacks Rank #2 (Buy) but that could change following its second-quarter 2018 earnings report which has 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 details from the just-released announcement below:
Earnings: Viacom’s adjusted earnings came in at 92 cents per share, which beat the Zacks Consensus Estimate by 12 cents.
Revenues: Revenues of $3.15 billion beat the Zacks Consensus Estimate of $3.04 billion but decreased 3% on a year-over-year basis.
Key Stats: Adjusted operating income increased 5% year over year to $641 million.
Stock Price: Shares price did not show any movement in the pre-market trading session.
Viacom Inc. Price
Viacom Inc. Price | Viacom Inc. Quote
Check back later for our full write up on this Viacom earnings report later!
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>