Viacom Q4 Adj. Profit Beats View, But Revenues Miss
Earnings per share for the recently concluded quarter is expected to come in at $0.65 a share with $3.3B in revenue.
At Paramount's Filmed Entertainment unit operations the Monster Trucks charge helped to depress the bottom line to a $137 million operating loss, down from a $122 million profit a year ago, with revenues down 24% to $774 million. JPMorgan Chase & Co. increased its position in shares of Viacom by 2,002.7% in the third quarter.
Fourth-quarter net earnings attributable to Viacom, the owner of Paramount Pictures and Nickelodeon, was $254 million or $0.64 per share, down sharply from $884 million or $2.21 per share in the same period the previous year. Viacom Inc. has a 12 month low of $33.88 and a 12 month high of $54.69. The Average Volume for the stock is measured as 4.01 Million. Viacom's dividend payout ratio is now 15.41%.
VIA has been the topic of a number of recent analyst reports.
Time Warner Inc. (NYSE: TWX) announced that its Board of Directors declared a regular quarterly cash dividend of $0.4025 per share of Common Stock, payable in cash on December 15, 2016, to shareholders of record on November 30, 2016.
The New York owner of MTV, Nickelodeon, and the Paramount movie studio, said revenue in the period fell 15%, to about $3.23 billion from almost $3.79 billion as advertising revenue fell across its operations at home and overseas.
Viacom shares have dropped slightly more than 9 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 5 percent. On 7th Day after the earnings release, Viacom, Inc. Institutional investors and hedge funds own 76.11% of the company's stock. State Street Corp boosted its stake in shares of Viacom by 59.0% in the second quarter.
Viacom Inc. had its "market perform" rating reiterated by analysts at Wells Fargo.
04/01/2016 - Viacom Inc. had its "neutral" rating reiterated by analysts at Citigroup.
Viacom Inc. had its "buy" rating reiterated by analysts at Wunderlich.
09/19/2016 - Viacom Inc. was downgraded to "hold" by analysts at Stifel Nicolaus. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and a consensus target price of $46.94.
Viacom Inc. (Viacom) is an entertainment content company that connects with audiences in over 160 countries and territories and creates compelling television programs, motion pictures, short-form video, applications, games, consumer products, social media and other entertainment content. Going forward, we expect the company to observe pressure on its media networks in the fourth quarter, which yet again saw softer ratings.
Park's mother was killed in 1974 when a North Korea sympathizer from Japan tried to kill her father, dictator Park Chung-hee. Thousands have protested, Ms Park has sacked many of her senior aides and is replacing her prime minister.
Another contentious issue is how many prime minister candidates the National Assembly will recommend to the president. Park's government, meanwhile, said Tuesday she would skip an Asia-Pacific leaders' meeting in Peru later this month.
Sources said the militants fled back into Pakistan-occupied Kashmir (PoK) as the Pakistan Army continued covering fire till 4 a.m. An Indian soldier was killed and two others suffered injuries during the ceasefire violations in Poonch district on Sunday.
In August 2015, German researchers trained a computer to create images in about an hour that are reminiscent of great painters. Prisma app allow the users to apply rich, fine art style filters to the pictures before sharing them with friends on the page.
Britain's need to cut deals quickly once it leaves the European Union gives Modi's government added bargaining power. Theresa May also promised to lower trade barriers that exist in and between the two countries.
On Tuesday, voters in Florida and North Dakota followed suit, making medicinal use legal in a majority of U.S. states. After Nov. 8, 62 percent of the USA population could live in states where both medical and recreational use is legal.
In King County, Democrat Lisa Wellman, the managing director of a software company, was defeating incumbent state Sen. He could face pressure to move to the right, with fewer votes he can afford to lose to keep the GOP bloc intact.
And as Trump delivered his victory speech, many took to Twitter to respond to the news and his seeming reformed, civil self. What does this all mean for our nation, which proved during a hard 2016 that we still have so much healing to do?
She congratulated us - it's about us - on our victory, and I congratulated her and her family on a very hard-fought campaign. He cast immigration, both from Latin America and the Middle East, as the root of many problems plaguing the nation.
How the pro-Trump media covered Election Day
At the University of Central Florida, college Republicans put a mock Hillary Clinton in an orange jumpsuit behind bars. As he claimed victory, Trump urged Americans to "come together as one united people" after a deeply divisive campaign.
Hugo Lloris: "We need to believe"
Mauricio Pochettino has told his Tottenham players only they can turn Wembley into a Champions League fortress. We are disappointed because we have not shown our quality, the qualities we have shown in the last month.
Jubilant Donald Trump supporters celebrate presidency
But Trump, who has never held an elective post, came out of nowhere to challenge Clinton in a divisive general election. With 95 percent of the vote counted in Florida, Trump led Clinton by about 130,000 votes out of 9 million cast.
Huma Abedin Found Out About New Email Probe From The Press
Weiner, a former NY congressman, is being separately investigated over allegations he sexted a 15-year-old North Carolina girl. At this point, however, it remains to be seen whether these emails are significant to the FBI's investigation into Clinton.
Gorman: Pin Steelers' road loss to Ravens on Tomlin
Roethlisberger has completed 60 per cent of his passes and thrown for 27 touchdowns in 17 regular-season games against the Ravens. Roethlisberger's fourth down pass to Sammie Coates fell incomplete in the end zone, and Pittsburgh turned the ball over on downs.
Black money is in foreign banks, properties: AIBEA
You can exchange the Rs 500 and Rs 1000 denomination notes at banks and post offices from November 10 to December 30 . This will also, at least initially, prompt people to shift to electronic transactions and the use of plastic money .
Johnny Depp confirmed for Fantastic Beasts sequel
They also hint that you may spot the actor in the first instalment when it hits theatres November 18. Hopefully Fantastic Beasts And Where To Find Them breaks Depp's track record of financial flops.
1 dead, 3 wounded in Los Angeles-area shooting
Police said none of the responding officers were injured, but had to be rescued from harm's way after being pinned by the shooter. Officials said the Azusa Union School District issued a lock-down for the Slauson Middle and Mountain View Elementary schools .
Obama Tries To Stay Neutral While Kind Of Criticizing FBI
Normally a constant presence by Clinton's side for much of the campaign, Abedin has been off the campaign trail for five days. Obama says he's trying to avoid looking like he's "meddling in what are supposed to be independent processes".
Trump cannot reverse nuclear deal: Rouhani
President-elect Donald Trump addresses supporters during his election night rally in Manhattan, New York, U.S., November 9, 2016. He has said that would rip up the Iran nuclear deal, which was aimed at curbing the nation's ability to acquire nuclear arms.