Shares of Viacom, Inc. (NASDAQ:VIAB) surged about 3% on Thursday after it announced that net income surged 13% in the newest quarter even as revenue plunged exceed Wall Street anticipated with the lack of a strong theatrical release and a decreased in television ad revenue.
The firm reported that net income for the July-September quarter was $650M, or $1.26 per share, evaluated with $576M, or $1 per share, a year previous. After adjusting for one-time items, earnings came to $1.21 a share.
According analysts surveyed by Fact Set, forecasting adjusted earnings of $1.17 a share.
Revenue in the fiscal Q4 plunged 17% to $3.36B from $4.05B and under the $3.41 billion analysts anticipated. Viacom cut expenses by 26% to $2.31 billion, from $3.12 billion.
Viacom, Inc. (NASDAQ:VIAB) stock hit highest price at $50.31, beginning with a price of $48.53 and reported increased +2.58% to the closed at $49.23 with day range of $41.58 -$56.91. The total market capitalization remained $25.33 billion, total volume held in the session was 13.77 million shares surprisingly higher than its average volume of 3.86 million shares.
To check the Stocks ups and downs, VIAB last week stock price volatility remained 2.34% and month was at 2.17%. VIAB generated revenue of 14.58 billion in the following twelve months income of $2.28 billion. The Company showed a positive 15.91% in the net profit margin and in addition to in its operating margin which remained 25.79%.
The VIAB past twelve months price to sales ratio was 1.74 and price to cash ratio remained 32.73. As far as if notice on other major contributors of similar sectors have sale ratio and price to cash ratio remained Comcast Corporation (NASDAQ:CMCSA)’s P/S 1.51% P/C 9.07%, Virgin Media Inc. (NASDAQ:VMED)’s P/S 1.32% P/C 47.51%, Cablevision Systems Corporation (NYSE:CVC)’s P/S 0.53% P/C 4.36%, DISH Network Corp. (NASDAQ:DISH)’s P/S 1.09% P/C 2.44%.