Investing.com - ViacomCBS reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
ViacomCBS announced earnings per share of $0.26 on revenue of $8B. Analysts polled by Investing.com anticipated EPS of $0.4416 on revenue of $7.49B.
ViacomCBS shares are up 19% from the beginning of the year and are trading at $34.53 , down-from-52-week-high.They are outperforming the Nasdaq which is down 9.62% from the start of the year.
ViacomCBS shares lost 4.06% in after-hours trade following the report.
ViacomCBS follows other major Communication Services sector earnings this month
ViacomCBS's report follows an earnings beat by Alphabet A on Tuesday, February 1, 2022, who reported EPS of $30.69 on revenue of $75.33B, compared to forecasts EPS of $27.68 on revenue of $72.27B.
Alphabet C had beat expectations on Tuesday, February 1, 2022 with fourth quarter EPS of $30.69 on revenue of $75.33B, compared to forecast for EPS of $27.8 on revenue of $72.27B.
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