ViacomCBS (NASDAQ:VIAC) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ViacomCBS announced earnings per share of $1.13 on revenue of $6.67B. Analysts polled by anticipated EPS of $1 on revenue of $6.64B. That with comparison to EPS of $0.95 on revenue of $2.96B in the same period a year before. ViacomCBS had reported EPS of $0.97 on revenue of $6.87B in the previous quarter. Analysts are expecting EPS of $0.92 and revenue of $6.92B in the upcoming quarter.
ViacomCBS shares are down 64% from the beginning of the year , still down 72.30% from its 52 week high of $53.71 set on July 16, 2019. They are under-performing the Nasdaq which is down 2.05% year to date.
ViacomCBS follows other major Services sector earnings this month
ViacomCBS's report follows an earnings missed by Amazon.com on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on April 30 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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