Viacom Reports Strong Third Quarter Results
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August 4, 2017 9:33 AM EDT
Barclays lowered its price target on Viacom (NASDAQ: VIAB) to $37.00 (from $45.00) while maintaining a Equalweight rating.
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August 4, 2017 8:58 AM EDT
Jefferies lowered its price target on Viacom (NASDAQ: VIAB) to $43.00 (from $52.00) while maintaining a Buy rating. Despite improved ratings, advertising declined 2% in F3Q due to a 300bps headwind from reduced ad loads.
On the whole, analyst John Janedis views the... More
August 3, 2017 4:12 PM EDT
Viacom (NASDAQ: VIAB) reported Q3 EPS of $1.17, $0.12 better than the analyst estimate of $1.05. Revenue for the quarter came in at $3.36 billion versus the consensus estimate of $3.29 billion.
Bob Bakish, President and Chief Executive Officer, said, "In the third quarter, Viacom strengthened its top line, with growth in... More
