Viacom 4Q profit up, helped by 'World War Z' filmNovember 14, 2013 in Technology / Business
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, restructuring charges 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 media networks and filmed entertainment divisions.
Wall Street was looking for revenue of $3.58 billion.
© 2013 The Associated Press. All rights reserved.
"Viacom 4Q profit up, helped by 'World War Z' film" November 14, 2013 http://phys.org/news/2013-11-viacom-4q-profit-world-war.html