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Viacom Inc. Q1 adjusted earnings of $1.12 per share

Viacom Inc. (VIAB) revealed a profit for first quarter that fell from the same period last year.

The company's bottom line came in at $321 million, or $0.80 per share. This compares with $537 million, or $1.33 per share, in last year's first quarter.

Excluding items, Viacom Inc. reported adjusted earnings of $453 million or $1.12 per share for the period.

The company's revenue for the quarter rose 0.7% to $3.09 billion from $3.07 billion last year.

Viacom Inc. earnings at a glance:

-Earnings (Q1): $453 Mln. vs. $413 Mln. last year.
-EPS (Q1): $1.12 vs. $1.03 last year.
-Revenue (Q1): $3.09 Bln vs. $3.07 Bln last year.

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