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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
![[Bild: VIABc0wl0920.png]](https://finviz.com/publish/020519/VIABc0wl0920.png)
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.
...
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.
...
https://www.thestreet.com/investing/earn...s-14855307
