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Viacom: Fiscal 4Q Earnings Snapshot

November 14, 2019 GMT

NEW YORK (AP) _ Viacom Inc. (VIAB) on Thursday reported fiscal fourth-quarter net income of $307 million.

The New York-based company said it had net income of 76 cents per share. Earnings, adjusted for one-time gains and costs, were 79 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The owner of Nickelodeon, MTV, Comedy Central and Paramount Pictures posted revenue of $3.43 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $3.42 billion.

For the year, the company reported profit of $1.55 billion, or $3.83 per share. Revenue was reported as $12.84 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VIAB at https://www.zacks.com/ap/VIAB