Viacom posts 4Q profit

Markets Associated Press

Viacom Inc. (VIA) on Wednesday reported fiscal fourth-quarter earnings of $254 million.

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On a per-share basis, the New York-based company said it had profit of 64 cents. Earnings, adjusted for one-time gains and costs, came to 69 cents per share.

The owner of Nickelodeon, MTV, Comedy Central and Paramount Pictures posted revenue of $3.23 billion in the period.

For the year, the company reported profit of $1.44 billion, or $3.61 per share. Revenue was reported as $12.49 billion.

Viacom shares have dropped 5 percent since the beginning of the year. The stock has fallen 15 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VIA at https://www.zacks.com/ap/VIA

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Keywords: Viacom, Earnings Report