The Traderszone Network

Published in TZ Latest News 9 November, 2016 by The TZ Newswire Staff

Viacom’s Weak Network and Theatrical Performances Weigh on Q4 Results

Entertainment content giamt Viacom, Inc. (NASDAQ:VIAB) early Wednesday posted mixed fiscal fourth quarter earnings results, as revenue plunged from last year on weak networks and theatrical performance.

The New York-based company reported fiscal Q4 EPS of $0.69 per share, beating out Wall Street’s $0.65 estimate. Revenue fell 14.8% from last year, however, to $3.23 billion, missing analysts’ view of $3.31 billion.

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