Viacom Beats in Q2 -- Market Doesn't Care

Filed under: Earnings Reports, Walt Disney (DIS), Viacom (VIA), CBS Corp 'B' (CBS), Media World

Viacom's B shares (VIA.B) closed today's session at $33.70. They were down a little less than 1%. Volume was strong. Those who were hoping that the second-quarter earnings report, which was released earlier in the morning, would turn out to be an exciting catalyst were unfortunately disappointed.



The media company, whose colleagues include CBS Corporation (CBS) and The Walt Disney Company (DIS), said it made 69 cents per share this time around versus income of 46 cents per share in the year-ago period. On an adjusted basis, profit from continuing operations was 68 cents per share, which was two pennies ahead of estimates.

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Viacom Beats in Q2 -- Market Doesn't Care originally appeared on BloggingStocks on Thu, 05 Aug 2010 17:50:00 EST. Please see our terms for use of feeds.

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