Sunday , April 11 2021

Viacom accumulates 4% after gains hit



Actions of Viacom Inc.

VIA, + 2.90%

rose 4% in the pre-market market on Friday after the media company reported fourth-quarter earnings that exceeded earnings and revenue expectations. The benefit of the last quarter amounted to $ 394 million, or 96 cents per share, less than $ 674 million, or $ 1.67 per share in the previous quarter. The adjusted EPS was 99 cents, surpassing the Consensus of FactSet of 96 cents. Revenues totaled 3,485 million dollars, surpassing FactSet's consensus of 3,374 million dollars and a 5% of 3,319 million dollars a year ago. Revenues from the company's entertainment segment, which included its theater business, licensing and home entertainment, amounted to $ 984 million, up 25% more than a year ago. The company said the segment benefited from the success of "Mission: Impossible – Fallout", "A Quiet Place" and "Book Club". Its segment of multimedia networks brought $ 2.55 million, a decrease of 1% over the previous year. The company said that the growth of the subsidiary contributed to offset the lowest revenues from advertising throughout the world, while in exchange provoked lower international revenues. Viacom shares have earned 3.3% in the year to date, while the S & P 500

SPX, + 1.06%

won 2.1%.

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