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Contributors: Douglas McIntyre Jon C. Ogg

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Wednesday, August 09, 2006

Viacom Finally Catching a Break

Viacom (VIA) may finally be getting a break. The company just beat earnings with an adjusted $0.48 EPS vs street estimates of $0.44 to $0.45 from source to source. Revenues were also $2.85 Billion, versus $2.54 Billion expected.

Its net earnings were $0.58 after a $0.10 item. The company is maintaining $1.95 to $2.00 EPS guidance, and that is in-line with $1.95 to $1.97 estimates. Since the CBS-Viacom split, the VIA shares have slid from as high as $45 down to under $34.00. It is now back up around $34.22 after this report.

Jon C. Ogg
August 9, 2006

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