Viacom (VIA)

	SUMMARY

	BULLS

	BEARS

	TOPICS

	DATA CENTRAL

	STOCK CHART

	SEC FILINGS

	BALANCE

	INCOME

	CASH FLOW

Flash Player 9 or higher is required to view the chart
Click here to download Flash Player now

Viacom posts strong Q1 earnings Viacom had an increase of 33% in profits in Q1 2008. This large increase was driven by huge sales in the video game Rock Band and the success of MTV Networks. Viacom Net Income Rises 16% in 4Q2007 Viacom Inc. said fourth-quarter profit rose 16 percent on advertising gains at its MTV cable channels and box-office sales from films such as Transformers. Net income increased to $559.5 million, or 86 cents a share, from $480.8 million, or 69 cents, a year earlier Analysts Cut Profit Estimates The Goldman Sachs Group reduced 2008 profit estimates for Viacom because of lower demand for advertising on its cable networks and for DVDs from its Paramount studio. Other media companies, like Disney and Time Warner Inc., also fell in NY trading after the analysts cut their profit estimates due to the slowing U.S. economy. Viacom Sues Youtube for $1bn Viacom sues YouTube for $1bn in damages through the use of their TV shows being circulated on the site. Suit is still ongoing. Takeover Viacom puchase Neopets Inc. for $160m

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.

Mobile | Advertise | Licensing & Partnerships | Blogger Tools | Jobs