Viacom (VIA) today reported revenues increased 24% to $3.27 billion in the third quarter of 2007. Operating income in the third quarter rose 25% to $815 million. Net earnings from continuing operations for the quarter increased 27% to $450 million. Diluted earnings per share from continuing operations for the quarter increased 34% to $0.67.
Almost all of the improvement came due to improvement in results at the company’s film revenue business. Revenue there rose 57% to $1.305 billion. The film "Transformers" and sales of its DVD were a significant contributor.
Douglas A. McIntyre
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