Viacom Reports Results for December Quarter
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Viacom's (VIAB) Ad Revs Were Ok but Afiiliate Growth Drags - Wedbush
February 10, 2016 8:29 AM ESTWedbush analyst, James Dix, thinks investor frustration is growing at Viacom (NASDAQ: VIAB) as he cuts his estimates on lower affiliate fee growth. The PT drops to $43 from $58 and Neutral rating remains.
The Viacom outlook was pressured by lower affiliate fee growth, primarily for adjusting VIAB networks to lower rate card in connection with AT&T-DirecTV merger. This strikes a nerve, with the DISH renewal negotiations ongoing. Until VIAB can cash some of these checks, whether through a favorable distribution renewal... More
Stifel Keeps Buy Rating On Viacom (VIAB)
February 10, 2016 7:22 AM ESTStifel analyst, Benjamin Mogil, cut estimates on Viacom (NASDAQ: VIAB) and reduced his target price to $49 from $70 but kept his Buy rating because continued SVOD hold-backs and increased programming investments should support ad trends.
Affiliate guidance growth slowed: While the culprit noted was the AT&T/DTV rate card harmonization, given that there was likely expectations for such a move since that merger was... More
Viacom (VIAB) Sinks 20% on 'Vote of No-Confidence' by Investors
February 9, 2016 3:48 PM ESTViacom (NASDAQ: VIAB) is under heavy pressure into the close (-20.4%) following earnings this morning. Analysts are calling it a 'vote of no-confidence by investors regardless of the Boards opinion.'
Needham & Company's Laura Martin said, "In answer to a question on... More
Viacom (VIAB) Reports In-Line Q1 EPS; Revs Light
February 9, 2016 6:56 AM ESTViacom (NASDAQ: VIAB) reported Q1 EPS of $1.18, in-line with the analyst estimate of $1.18. Revenue for the quarter came in at $3.15 billion versus the consensus estimate of $3.26 billion.
Philippe Dauman, Executive Chairman, President and Chief Executive Officer of Viacom, said, As the media industry continues to evolve quickly, Viacom is generating sustainable opportunities using great new... More
