Despite Loss Viacom Quarterly Earnings Exceed Wall Street Expectations

Viacom on Thursday reported they beat Wall Street expectations but showed lower fiscal second-quarter earnings compared to last year.
The entertainment conglomerate, led by CEO Philippe Dauman, reported adjusted earnings of $467 million, which excludes a big charge.
That mark is down 3 percent from their reported $482 million a year ago.
Earnings per share reached $1.16, up from $1.08.