Viacom, Inc. (NYSE: VIA.B) is increasing in price steadily

Viacom quarterly profit rose by 52%

In brief: Viacom, Inc. (NYSE: VIA.B) shares continue to climb higher on the background of positive and good reports.

Viacom, Inc. (NYSE: VIA.B) is 34.02 points, gaining +0.15 (0.44%) from the beginning of today’s trading. Bullish trend has led investors to increase trading volumes.

Media company Viacom reported a 52% increase in net profit for the quarter to end June 30 with $ 277 million, or 46 cents a share, a year earlier to $ 420 million or 69 cents per share. Excluding certain items profit totaled 68 cents per share on average forecasts of analysts at 66 cents per share. Sales for the period under review, changed slightly and amounted to $ 3.3 billion, analysts on average expected $ 3.47 billion.

Ukrainian Globalist
2010-08-05 12:29, Economics.

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