Viacom Q3 Adj. EPS Meets View - Quick Facts

(RTTNews) - Media conglomerate Viacom Inc. (VIA, VIAB) reported that its third-quarter net earnings attributable to the company was $591 million or $1.47 per share, compared to $610 million or $1.40 per share in the prior year.

Adjusted earnings per share rose to $1.47 from $1.42 last year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.47 per share. Analysts' estimates typically exclude special items.

Revenues for the quarter declined 11% to $3.06 billion from $3.42 billion in the prior year, due to lower theatrical revenues in Filmed Entertainment, which scheduled no wide theatrical releases in the quarter. Wall Street expected revenues of $3.22 billion.

Media Networks revenues increased $6 million to $2.60 billion, primarily due to higher affiliate fees.