Viacom misses in Q4 — should investors forget the stock?

{ Posted on Feb 13 2009 by Steven Mallas }
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Viacom (NYSE: VIA), a media company that competes with Disney (NYSE: DIS), Sony (NYSE: SNE), News Corp. (NYSE: NWS), and General Electric's (NYSE: GE) NBC Universal, and which used to be under one umbrella with CBS (NYSE: CBS), missed expectations with its Q4 results. Adjusted income from continuing operations was 76 cents per diluted share. According to Stocks in the News, that was two pennies below what Wall Street was looking for.

Shares of Viacom were up almost 4% on the report, which was issued on Thursday. I don't think I would have been a buyer on this news. In fact, I found it kind of funny that there was a bid for the stock considering that earnings-per-share declined 10% on a year-over-year basis and revenues were flat.

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Viacom misses in Q4 -- should investors forget the stock? originally appeared on BloggingStocks on Fri, 13 Feb 2009 08:25:00 EST. Please see our terms for use of feeds.

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