Summary Box: Viacom's 4Q earnings report, in brief

AP News
|
Posted: Nov 10, 2011 11:20 AM
Summary Box: Viacom's 4Q earnings report, in brief

BOX OFFICE BONANZA: "Transfomers: Dark of the Moon" was a hit in theaters and for Viacom Inc., the parent of Paramount Studios, grossing more than $1 billion at theaters worldwide.

THE BOTTOM LINE: Viacom rode the movie to net income of $576 million, or $1 per share, for the July to September quarter. Revenue rose 22 percent from a year ago to $4.05 billion.

BEATING EXPECTATIONS: Net income excluding items and revenue both exceeded analyst forecasts.