1. Most Discussed
  2. Gainers & Losers

This should be good for NCP

  1. jamesdoran88

    5,316 Posts.

    Viacom in the US just report better than expect earning due to advertising market increase. NCP is to report soon and it should rub off from Viacom as long as the Dow doesn't crash tonight.

    Viacom profit jumps, signs of advertising rebound

    7/25/2002 7:34:58 AM
    NEW YORK, July 25 (Reuters) - Media group Viacom Inc. (VIAB) posted stronger second-quarter earnings on Thursday, reflecting evidence of a rebound in the advertising market that boosted results at its CBS television network and cable networks like MTV and Nickelodeon.

    The company reported a net profit of $547 million, or 31 cents a share, compared with $17 million, or 1 cent a share, a year earlier. Adjusted for goodwill accounting changes, year-earlier earnings were 29 cents a share.

    The average Wall Street estimate was 29 cents a share, with estimates ranging from 27 cents to 32 cents, according to Thomson First Call.

    Revenue rose to $5.85 billion from $5.72 billion a year earlier. The average Wall Street estimate was $5.85 billion, with a range of $5.76 billion to $6.03 billion, according to research firm Multex.

    Earnings before interest, taxes, depreciation and amortization (EBITDA) -- a key measure of cash flow -- increased 4 percent to $1.42 billion from $1.36 billion a year earlier. The average Wall Street estimate was $1.4 billion, with estimates ranging from $1.33 billion to $1.43 billion, according to Multex.

    Viacom said it expects double-digit percentage growth in earnings per share, operating income and EBITDA for the full year. It also forecast that escalating growth in the third quarter will build into the fourth quarter.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.