ViacomCBS topped Wall Street analysts’ expectations for its fourth-quarter results, reporting diluted earnings per share of $1.04 and total revenue of just shy of $6.9 billion.The consensus forecast by analysts was for earnings of $1.01 and revenue of $1.9 billion.
Both metrics represented modest gains from the comparable quarter in 2019, reflecting an arduous struggle through Covid-19, which has buffeted sports, advertising and other businesses.The results were released just before the start of a multi-hour presentation to investors and press showcasing the rebranded streaming service Paramount+, which was launched in 2015 as CBS All Access.
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