Viacom Inc. (VIAB – Analyst 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. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: Viacom beats earnings. Our consensus earnings estimate called for EPS of $1.17 per share, and the company reported EPS of $1.18 per share instead. Investors should note that these figures take out stock option expenses.
Revenue: Viacom reported revenues of $3,154 million. This missed our consensus estimate of $3,245 million.
Key Stats to Note: Quarterly adjusted operating income fell 10% year over year. On an annualized basis both domestic and worldwide advertising revenues fell 4% and 3%, respectively.
