ViacomCBS (VIAC) Shares Down 4% on Q4 EPS Miss; Reports Record Subscriber Additions; Changes Name to Paramount
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ViacomCBS (VIAC) PT Lowered to $40 at Guggenheim
February 16, 2022 6:38 AM ESTGuggenheim analyst Michael Morris lowered the price target on ViacomCBS (NASDAQ: VIAC) to $40.00 (from $53.00) while maintaining a Buy rating following results and rebranding to 'Paramount' "which sets an ambitious investment plan to scale new streaming heights."
The analyst commented, "ViacomCBS management delivered a detailed... More
ViacomCBS changes name to Paramount to boost streaming future
February 15, 2022 4:13 PM ESTBy Helen Coster
NEW YORK (Reuters) -ViacomCBS Inc missed Wall Street profit forecasts on Tuesday as the company announced it will change its name to Paramount and unveiled a broad range of new programming in the battle for viewers in the crowded streaming market.
Shares of the media conglomerate that owns CBS, Showtime, Comedy Central, MTV and other networks, which initially fell 3%, slipped to a 6% loss as the company's two-hour presentation of its streaming strategy continued after the markets closed.
ViacomCBS reported adjusted earnings per share of 26 cents for October through December, below analyst projections of 43 cents.... More
ViacomCBS (VIACA) Misses Q3 EPS by 17c, Revenue Beats
February 15, 2022 4:02 PM ESTViacomCBS (NASDAQ: VIACA) (NASDAQ: VIAC) reported Q3 EPS of $0.26, $0.17 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $8 billion versus the consensus estimate of $7.51 billion.
For earnings history and earnings-related data on ViacomCBS (VIACA) click here.
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