Viacom 4Q profit up, helped by 'World War Z' film

Nov 14, 2013
This Jan. 19, 2010, file photo, shows the entrance to Viacom's headquarters is shown in New York. Viacom Inc. reports quarterly earnings on Thursday, Nov. 14, 2013. (AP Photo/Mark Lennihan, File)

Viacom's fourth-quarter net income rose 24 percent, helped by the success of the film "World War Z" and greater advertising revenue.

For the period ended Sept. 30, Viacom Inc. earned $804 million, or $1.68 per share. That's up from $650 million, or $1.26 per share, a year earlier.

Excluding a gain on the sale of some investments, and other items, earnings from continuing operations were $1.55 per share.

Analysts polled by FactSet expected earnings of $1.44 per share.

Revenue climbed 9 percent to $3.65 billion from $3.36 billion, bolstered partly by increased revenue from its and filmed entertainment divisions.

Wall Street was looking for revenue of $3.58 billion.

Explore further: CBS 3Q profit grows, matches Wall St. expectations

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

Related Stories

Viacom 2Q profits fall, but beats expectations

May 01, 2013

Viacom is reporting an 18 percent drop in second-quarter net income due to lower revenue, especially from its filmed entertainment division that includes Paramount Pictures.

Texas Instruments 3Q profit drops, outlook weak

Oct 21, 2013

Chipmaker Texas Instruments Inc. said Monday that its net income fell 20 percent in the third quarter. Its outlook for the current period was worse than analysts expected, and shares slipped.

Cisco's 1Q revenue falls below estimates

Nov 13, 2013

Cisco's fiscal first-quarter revenue grew slower than expected and net income declined, which sent the technology company's stock lower in extended trading.

Recommended for you

Chinese portal Sohu reports $45 million loss

1 hour ago

(AP)—Sohu.com Inc., operator of a popular Chinese Internet portal, said Monday it lost $45 million in the latest quarter while revenue rose 18 percent to $400 million.

User comments : 0