Viacom posts profit of $591 million in 3rd quarter

MarketsAssociated Press

Viacom Inc. (VIA) on Thursday reported fiscal third-quarter profit of $591 million.

The New York-based company said it had net income of $1.47 per share.

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The owner of Nickelodeon, MTV, Comedy Central and Paramount Pictures posted revenue of $3.06 billion in the period.

Viacom shares have decreased 32 percent since the beginning of the year. The stock has decreased 37 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 http://www.zacks.com/ap/VIA

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Keywords: Viacom, Earnings Report