Yahoo Finance’s Emily McCormick joins Yahoo Finance Live to report ViacomCBS earnings.
Video Transcript
EMILY MCCORMICK: Welcome back. Let’s get a check of shares of ViacomCBS. The company was one of several to report its latest quarterly results after market close today. And as you can see, that stock is trading in negative territory in the afterhours session. Now taking a look here at a couple of the highlights, adjusted earnings per share from continuing operations came in light compared to consensus expectations, those coming in at $0.26 versus the $0.45 expectation. And on the top line, revenue of $8 billion was a beat compared to the expectation for about $7 and 1/2 billion.
Now one other corporate announcement here coming out from ViacomCBS, or I should say, the company about to be formally known as ViacomCBS. Because the company is going to be now known as Paramount, perhaps with a renewed emphasis being placed on the streaming side of the business with this rebrand, but again, ViacomCBS changing its name now to Paramount.
