Read Larry Connors' blog – Short Term Trading Strategies
Revenues in the quarter fell 3% year-over-year to $3.32 billion, but came in ahead of consensus estimates of $3.30 billion.
Sumner M. Redstone, Executive Chairman of Viacom, said,
"As we enter a period of economic recovery, Viacom is already beginning to reap the benefits of a highly focused and well executed strategy. With our strong brands and growing global footprint, we are well positioned to capitalize on future opportunities."
Write to Chip Brian at cbrian@tradethetrend.com
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