Viacom Inc. Q4 Earnings Decline 16%

(RTTNews) - Viacom Inc. (VIAB) announced a profit for fourth quarter that lost ground from last year.

The company said its bottom line came in at $614 million, or $1.54 per share. This was down from $729 million, or $1.71 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.0% to $3.79 billion. This was down from $3.99 billion last year.

Viacom Inc. earnings at a glance:

-Earnings (Q4): $614 Mln. vs. $729 Mln. last year. -Earnings Decline (Y-o-Y): -15.8% -EPS (Q4): $1.54 vs. $1.71 last year. -EPS Decline (Y-o-Y): -9.9% -Analysts Estimate: $1.55 -Revenue (Q4): $3.79 Bln vs. $3.99 Bln last year. -Revenue Change (Y-o-Y): -5.0%