Viacom Inc. Bottom Line Drops 35% In Q2

(RTTNews) - Viacom Inc. (VIAB) revealed a profit for second quarter that decreased compared to the same period last year.

The company said its bottom line totaled $303 million, or $0.76 per share. This was lower than $467 million, or $1.16 per share, in last year's second quarter.

Analysts had expected the company to earn $1.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.6% to $3.00 billion. This was down from $3.08 billion last year.

Viacom Inc. earnings at a glance:

-Earnings (Q2): $303 Mln. vs. $467 Mln. last year. -Earnings Decline (Y-o-Y): -35.1% -EPS (Q2): $0.76 vs. $1.16 last year. -EPS Decline (Y-o-Y): -34.5% -Analysts Estimate: $1.19 -Revenue (Q2): $3.00 Bln vs. $3.08 Bln last year. -Revenue Change (Y-o-Y): -2.6%