Viacom Delivers Great Q4, But Are the Shares Attractive?

Filed under: Earnings Reports, Time Warner (TWX), Walt Disney (DIS), Viacom (VIA), Media World

Viacom, Inc. (VIA) recorded a significant increase in per-share profit in the fourth quarter. On an adjusted basis, earnings from continuing businesses increased over 40% to $1.09 per share. The call on Wall Street was for only 88 cents per share.

Sure, that's a wide margin for the beat, but in many ways, the Viacom story is a precarious one to buy. There are two major divisions in this company: media networks and movies. Operating income at the former went up 3% in Q4, while profit at the latter increased over 250%. Viacom had a strong theatrical film slate in 2009, and it is reaping the financial windfall from that slate in the ancillary markets.

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Viacom Delivers Great Q4, But Are the Shares Attractive? originally appeared on BloggingStocks on Thu, 11 Feb 2010 16:50:00 EST. Please see our terms for use of feeds.

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