(VIANEWS) – ViacomCBS Inc., (VIAC), reported a profit in its second quarter which was up from the previous year.
Business Insider revealed that earnings at the company were $1.04 Billion, which is $1.56 per share. Comparable to $0.48 billion or $0.78 per shares in the second quarter of last year, this is a significant increase.
ViacomCBS Inc. posted adjusted earnings of $640million or $0.97 per share, exempting other items.
Shares of ViacomCBS (VIAC) rose 6.39% to $41.27 at 11:30 EST on Thursday, after three successive sessions in a row of losses. NASDAQ Composite is rising 0.65% to $14,877.32, after three sequential sessions in a row of gains. This seems, up to now, a somewhat positive trend trading session today.
ViacomCBS’s last close was $38.47, 62.27% under its 52-week high of $101.97.
Today’s last reported volume for ViacomCBS is 9098567 which is 46.27% below its average volume of 16932582.
The company’s growth estimates for the present quarter and the next is a negative 23.2% and a negative 15.4%, respectively.
Year-on-year quarterly revenue growth grew by 14%, now sitting on 26.2B for the twelve trailing months.
ViacomCBS’s last week, last month’s, and last quarter’s current volatility was a positive 0.48%, a negative 0.35%, and a positive 1.79%, respectively.
ViacomCBS’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.47% (last week), 1.69% (last month), and 1.79% (last quarter), respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
ViacomCBS’s stock is considered to be overbought (>=80).
ViacomCBS’s Stock Yearly Top and Bottom Value
ViacomCBS’s stock is valued at $41.27 at 11:31 EST, way below its 52-week high of $101.97 and way above its 52-week low of $25.61.
ViacomCBS’s Moving Average
ViacomCBS’s worth is below its 50-day moving average of $42.12 and way under its 200-day moving average of $50.31.
News about ViacomCBS (VIAC) today
Viacomcbs inc. Q2 adjusted earnings of $0.97 per share. According to today’s article on Business Insider, “Excluding items, ViacomCBS Inc. reported adjusted earnings of $640 million or $0.97 per share for the period.”
Viacomcbs reaches deal with comcast to distribute paramount+ in Europe. According to today’s article on The Wall Street Journal, “The pact also extends the deal to carry ViacomCBS channels on Sky’s pay-TV systems.”, “The Wall Street Journal last month reported that Comcast Chief Executive Brian Roberts met with ViacomCBS Chair Shari Redstone and ViacomCBS Chief Executive Bob Bakish to discuss how the companies could join forces in international markets.”
More news about ViacomCBS (VIAC).