Viacom Earnings: Everything You Must Know Now

Viacom, Inc. (NASDAQ:VIAB) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Viacom, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 2.04% to $0.96 in the quarter versus EPS of $0.98 in the year-earlier quarter.

Revenue: Decreased 5.88% to $3.14 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Viacom, Inc. reported adjusted EPS income of $0.96 per share. By that measure, the company beat the mean analyst estimate of $0.95. It missed the average revenue estimate of $3.19 billion.

Quoting Management: Sumner M. Redstone, Executive Chairman of Viacom, said, “Viacom continues to build momentum by developing unparalleled entertainment content for audiences throughout the world. I am fully confident that our proven executive team will deliver even greater success, by driving Viacom’s vibrant businesses and returning outstanding value for shareholders.”

Key Stats (on next page)…

Revenue decreased 5.4% from $3.31 billion in the previous quarter. EPS increased 5.49% from $0.91 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $1.35 to a profit $1.33. For the current year, the average estimate is a profit of $4.69, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)