adspatz's  Instablog

adspatz
Send Message
Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
My company:
SEC Live
  • Viacom Profits Increase 24% 0 comments
    Nov 14, 2013 9:32 AM | about stocks: VIAB

    Originally published at www.seclive.com

    Viacom, Inc. (NASDAQ:VIAB) announced its fiscal fourth quarter results for fiscal 2013, posting profits that increased 24% from a year ago. Helped by the success of its latest film "World War Z", advertising revenue improved substantially to help the company. Viacom, which owns Paramount Pictures, Comedy Central, MTV, and Nickelodeon, reported a 9% increase in revenue from $3.36B to $3.65B, with its media networks segment reporting revenue increases of 7% to $2.46B, fueled from greater advertising revenues and other fees. Viacom posted earnings of $804M and $1.68 per share, up from $650M and $1.26 per share in the year-ago quarter. President and CEO Philippe Dauman said that in addition to "World War Z", home movie sales of the Star Trek and GI Joe franchises helped to further boost the company. For the full 2013 fiscal year, Viacom revenues dropped slightly from $13.89B to $13.79B while earnings increased from $1.98B and $3.69 per share to $2.4B and $4.84 per share.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: VIAB
Back To adspatz's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.