Viacom, Inc. (VIA)

Media company Viacom Inc. Tuesday said it's third-quarter profit climbed 15% to $463 million, or 76 cents a share, up from $401 million, or 65 cents a share, a year earlier. Excluding a tax benefit as well as an after-tax loss related to paying off debt in the latest quarter, earnings rose to 69 cents from 55 cents. Revenue dropped 2.7% to $3.32 billion.
The company benefited from cost-saving efforts and a turn in profits in its filmed-entertainment segment.

Nov 3 · 9:55:00 AM · Source: Company News Release
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by Larry Etter