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Viacom surprises Wall Street with higher earnings

New York City : NY : USA | about 1 month ago  
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  • Recording artist Lady Ga-Ga arrives with Viacom CEO Philippe Dauman and his wife at the 2009 MTV Video Music Awards in New York
    Recording artist Lady Ga-Ga arrives with Viacom CEO Philippe Dauman ...
    Source: Reuters
Recording artist Lady Ga-Ga arrives with Viacom CEO Philippe Dauman ...
Viacom Inc.'s cost-cutting measures, along with stronger results from its Paramount Pictures film unit, paid off in the third quarter as the media company posted a 15% jump in profit despite lower advertising and home video sales. For the quarter ended Sept. 30, net earnings for the New York-based...
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Blogs
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  • Blog Source: www.daytradeworld.com
    Viacom's 3Q profit jumps 15 percent. Posted by. Viacom Inc. posted a 15 percent jump in third-quarter profit Tuesday as a stronger film slate from its Paramount Pictures movie studio helped offset continuing declines in advertising and ...
  • Blog Source: www.sfexaminer.com
    GI Joe and the Transformers came to Viacom Inc.'s rescue in the third quarter, helping boost the company's earnings 15 percent with strong box office returns.
  • Blog Source: www.businesspoint.jaggedpage.com
    MiamiHerald.com Viacom 3Q profit jumps 15 pct on strong box office The Associated Press NEW YORK — GI Joe and the Transformers came to Viacom Inc.'s rescue in the third quarter, helping boost the company's earnings 15 percent with ...
  • Blog Source: www.huffingtonpost.com
    The horror film "Paranormal Activity" also provided a surprise boost to earnings, an unexpected box office success despite a small budget and relatively little marketing. "Every once in a while you get a miracle," CEO Philippe Dauman said. ... NEW
  • Blog Source: www.savvyinvestor.com
    (Bloomberg) – Viacom Inc., the owner of MTV Networks and the Paramount Pictures film studio, said third- quarter profit rose 15 percent, more than analysts' estimated, on higher box-office revenue and an easing advertising slump. Net [.
  • Blog Source: gamerinvestments.com
    This result was driven by the Filmed Entertainment segment which swung from a loss in the previous year to a $69 million profit in the third quarter of 2009, reflecting the strong performance of Transformers: Revenge of the Fallen and the positive
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