Viacom (VIAB) Guides Q3 EPS Outlook Below Expectations
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Viacom Provides Update on June Quarter Financial Expectations
June 17, 2016 8:30 AM EDTNEW YORK--(BUSINESS WIRE)-- Viacom Inc. (NASDAQ:VIAB, VIA) today provided an update on its financial expectations for the fiscal quarter ended June 30, 2016.
Based on preliminary information, Viacom expects to report adjusted diluted earnings per share within the range of approximately $1.00 to $1.05 for the third quarter of 2016. The Company said that its third quarter results will be impacted by the theatrical underperformance of Teenage Mutant Ninja Turtles: Out of the Shadows as well as a delay in completing a significant SVOD agreement.
Viacom said that the domestic performance of the latest Teenage Mutant Ninja Turtles... More
