Viacom 4Q earnings, revenue up on 'Transformers'

Nov 10, 2011

(AP) -- Viacom says it turned the success of "Transformers: Dark of the Moon" into a pile of money in its latest quarter, as earnings tripled and revenue grew 22 percent.

Viacom Inc., the owner of , MTV and , earned $576 million, or $1 per share in the July to September quarter. That's triple the $189 million, or 31 cents per share, it earned in the same period last year.

Excluding special items, adjusted earnings were $1.06 cents per share in the fiscal fourth quarter, 3 cents about the average analyst estimate as polled by FactSet.

, based in New York, says its revenue rose 22 percent to $4.05 billion from $3.33 billion. Analysts polled by FactSet were been expecting $3.75 billion.

Explore further: New iPhones deliver big profits for Apple (Update)

not rated yet
add to favorites email to friend print save as pdf

Related Stories

CenturyLink 3Q net income falls as expenses rise

Nov 02, 2011

(AP) -- Phone company CenturyLink Inc. says its third-quarter net income fell as rising operating expenses related to its April acquisition of larger phone company Qwest overshadowed increased revenue.

Qualcomm 3Q results beat Wall Street estimates

Jul 20, 2011

(AP) -- Wireless chip-maker Qualcomm Inc.'s results for the latest quarter beat Wall Street's expectations, and its projections for the current quarter are also above analysts' estimates.

Activision 3Q earnings soar, 2011 outlook raised

Nov 08, 2011

(AP) -- Activision Blizzard Inc. said Tuesday that its third-quarter net income nearly tripled thanks to strong demand for its video games. The company also raised its full-year outlook on the heels of Tuesday's launch of ...

Oracle fiscal 3Q net income up 78 pct

Mar 24, 2011

(AP) -- Database software maker Oracle Corp. said Thursday its net income rose 78 percent in the fiscal third quarter, helped by a rise in new software license sales and the benefit of three full months of ...

Recommended for you

Facebook sues law firms, claims fraud

9 hours ago

Facebook is suing several law firms that represented a man who claimed he owned half of the social network and was entitled to billions of dollars from the company and its CEO Mark Zuckerberg.

IBM 3Q disappoints as it sheds 'empty calories'

9 hours ago

IBM disappointed investors Monday, reporting weak revenue growth again and a big charge to shed its costly chipmaking division as the tech giant tries to steer its business toward cloud computing and social-mobile ...

MasterCard, Zwipe announce fingerprint-sensor card

Oct 18, 2014

On Friday, MasterCard and Oslo, Norway-based Zwipe announced the launch of a contactless payment card featuring an integrated fingerprint sensor. Say goodbye to PINs. This card, they said, is the world's ...

User comments : 0