Breaking: ViacomCBS Inc (VIAC) beats earnings forecasts on EPS, revenue

Ivan Brian FXStreet

ViacomCBS (VIAC) reported earnings before the market opened on Thursday. VIAC beat on both earnings per share and revenue. EPS came in at $1.52 versus $1.22 forecast. Revenue came in at $7.41 billion versus the $7.3 estimate.

VIAC shares were one of the stocks caught up in the Archegos debacle last month and have fallen sharply from 2021 highs.

ViacomCBS (VIAC) stock forecast

VIAC shares are trading at $40.22 in the premarket on Thursday, up 2.9%.

At the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

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Author

Ivan Brian

FXStreet

Ivan Brian started his career with AIB Bank in corporate finance and then worked for seven years at Baxter. He started as a macro analyst before becoming Head of Research and then CFO.

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