ViacomCBS stock rallies as profit matches expectations, revenue beats

Published: Nov. 4, 2021 astatine 7:16 a.m. ET

Shares of ViacomCBS Inc. roseate 1.8% successful premarket trading Thursday, aft the media and amusement institution reported third-quarter nett that matched expectations and gross that beat, amid spot successful its streaming and TV amusement businesses. Net income fell to $538 million, oregon 80 cents a share, from $615 million, oregon $1.00 a share, successful the year-ago period. Excluding nonrecurring items, adjusted net per stock fell to 76 cents from 83 cents, compared with the FactSet statement of 76 cents. Revenue grew 13.2% to $6.61 billion, supra the FactSet statement of $6.56 billion, arsenic streaming gross roseate 62% to $1.08...