Viacom (VIAB) Misses Q3 EPS by 1c

Viacom (NASDAQ: VIAB) reported Q3 EPS of $1.42, $0.01 worse than the analyst estimate of $1.43. Revenue for the quarter came in at $3.42 billion versus the consensus estimate of $3.56 billion.

Philippe Dauman, President and Chief Executive Officer of Viacom, said, “It was a solid quarter for Viacom. We delivered nearly $1 billion to shareholders through buybacks and dividends and continued to build on our success in creating outstanding content and focused brands that connect deeply with audiences across all platforms. Our Media Networks distribution relationships continue to expand, providing broader opportunities for fans to enjoy Viacom’s content. Successful series and high-profile event programming on our networks create powerful experiences for audiences and valuable opportunities for advertisers, while driving industry-leading social engagement. We announced our agreement to acquire major British broadcaster Channel 5 in the quarter, which will increase our presence in an important global market. Paramount is poised for an outstanding summer, kicked off by Transformers: Age of Extinction which is already a record-setting global hit and the number one film of all time in China. In addition, the highly-anticipated Teenage Mutant Ninja Turtles premieres Friday for fans around the world.”

For earnings history and earnings-related data on Viacom (VIAB) click here.

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