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Prime results: 'Transformers' power 4Q earnings and revenue beat at Viacom
NEW YORK (AP) ' Viacom says it turned the success of "Transformers: Dark of the Moon" into a pile of money in its latest quarter, as earnings tripled and revenue grew 22 percent.
Viacom Inc., the owner of Paramount Pictures, MTV and Comedy Central, earned $576 million, or $1 per share in the July to September quarter. That's triple the $189 million, or 31 cents per share, it earned in the same period last year.
Excluding special items, adjusted earnings were $1.06 cents per share in the fiscal fourth quarter, 3 cents about the average analyst estimate as polled by FactSet.
Viacom, based in New York, says its revenue rose 22 percent to $4.05 billion from $3.33 billion. Analysts polled by FactSet were been expecting $3.75 billion.