Plus   Neg

Viacom Posting Notable Gain On Upbeat Q4 Results

Shares of Viacom Inc. (VIAB) are notably higher in afternoon trading on Friday after showing a lack of direction early in the session. Viacom is currently up by 3 percent.

The advance by Viacom comes after the mass media conglomerate reported fiscal fourth quarter results that exceeded analyst estimates on both the top and bottom lines.

Viacom reported fourth quarter adjusted earnings of $0.99 per share on revenues of $3.49 billion, while analysts had expected earnings of $0.95 per share on revenues of $3.37 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
UK consumer price inflation slowed in November to its lowest level in twenty months, in line with economists' expectations, helped by falling petrol prices. The consumer price index rose 2.3 percent year-on-year following a 2.4 percent increase in October, data from the Office for National Statistics showed on Wednesday. The latest inflation rate was the lowest since March 2017. Stocks are likely to move to the upside in early trading on Wednesday, adding to the gains posted in yesterday's volatile session. The major index futures are currently pointing to a higher open for the markets, with the Dow futures by 163 points. The British tax agency has published a report explaining how individuals possessing crypto assets might be taxed on their holdings. Individuals who hold crypto assets as a personal investment will be liable to pay Capital Gains Tax on any gains they realize, and when they dispose of their crypto assets. They will be liable to pay Income Tax and National Insurance contributions on crypto assets w
Follow RTT