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 the report.
ViacomCBS follows other major Services sector earnings this month
ViacomCBS's report follows an earnings beat by Amazon.com on February 2, 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 February 2 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