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Viacom Beats Q1 Earnings Estimate, Flat Revenue Misses Forecasts

Viacom posted stronger-than-expected first quarter earnings Tuesday but flat revenue growth sent shares in the MTV and Paramount owner lower in pre-market trading.

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Viacom said adjusted earnings for the three months ending in December, the company's fiscal first quarter, came in at $1.12 per share, up 8.7% from the same period last year and well ahead of the Street forecast of $1.03 per share. Group revenues, the company said, were largely flat from last year at $3.09 billion and narrowly missed the consensus estimate of $3.1 billion.

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https://www.thestreet.com/investing/earn...s-14855307

Viacom (VIAB) Q2 Earnings Beat Estimates, Revenues Down Y/Y

Viacom Inc. VIAB reported second-quarter fiscal 2019 adjusted earnings of 95 cents per share that beat the Zacks Consensus Estimate by 13 cents. The figure increased 3% year over year on a constant-currency (cc) basis.

Revenues of $2.96 billion lagged the Zacks Consensus Estimate of $3.03 billion and decreased 4% year over year at cc.

Selling, general and administrative (SG&A) expenses decreased 3.6% to $743 million.

Adjusted operating income decreased 1% at cc from the year-ago quarter to $637 million.

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https://finance.yahoo.com/news/viacom-vi...07689.html