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Revenue in Viacom's movie business, the
company's second biggest, rose 12 percent in the fourth quarter,
also helped by the strong performance of "Teenage Mutant Ninja
Turtles".
A boost in affiliate fees - rates Viacom charges from cable and
satellite TV operators and mobile operators for carrying its
programs - drove up revenue by 8.3 percent to $2.66 billion.
Total revenue rose 9.3 percent to $3.99 billion, beating the
average analyst estimate of $3.90 billion, according to Thomson
Reuters I/B/E/S.
Net earnings from continuing operations attributable to Viacom
fell 9.1 percent to $732 million. Earnings, however, rose to
$1.72 per share from $1.69 per share due to Viacom's share
repurchase program.
Excluding items, the company earned $1.71 per share in the
fourth-quarter ended Sept. 30, above the average analyst
estimate of $1.68 per share.
Viacom's shares closed at $69.25 on the Nasdaq on Wednesday.
(Reporting By Lehar Maan in Bangalore; Editing by Saumyadeb
Chakrabarty)
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