Investing.com - ViacomCBS reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ViacomCBS announced earnings per share of $1.04 on revenue of $6.87B. Analysts polled by Investing.com anticipated EPS of $1.01 on revenue of $6.88B.
ViacomCBS shares are up 76% from the beginning of the year and are trading at $65.00 , down-from-52-week-high.They are outperforming the Nasdaq which is up 5.51% from the start of the year.
ViacomCBS shares lost 1.11% in after-hours trade after the report.
ViacomCBS follows other major Services sector earnings this month
ViacomCBS's report follows an earnings beat by Amazon.com on Tuesday, February 2, 2021, who reported EPS of $14.09 on revenue of $125.56B, compared to forecasts EPS of $7.2 on revenue of $119.72B.
Alibaba ADR had beat expectations on Tuesday, February 2, 2021 with third quarter EPS of $22.03 on revenue of $221.08B, compared to forecast for EPS of $20.59 on revenue of $214.17B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar