Investing.com - ViacomCBS reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ViacomCBS announced earnings per share of $0.97 on revenue of $6.56B. Analysts polled by Investing.com anticipated EPS of $0.9653 on revenue of $6.48B.
ViacomCBS shares are up 4% from the beginning of the year and are trading at $38.79 , down-from-52-week-high.They are under-performing the Nasdaq which is up 14.68% from the start of the year.
ViacomCBS follows other major Communication Services sector earnings this month
ViacomCBS's report follows an earnings beat by Alphabet C on Tuesday, July 27, 2021, who reported EPS of $27.26 on revenue of $61.88B, compared to forecasts EPS of $19.33 on revenue of $56.19B.
Facebook had beat expectations on Wednesday, July 28, 2021 with second quarter EPS of $3.61 on revenue of $29.08B, compared to forecast for EPS of $3.04 on revenue of $27.85B.
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