Wells Fargo Upgrades Viacom (VIAB) to Outperform Following Results; Turnaround Has Begun
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Viacom Reports First Quarter Results and Provides Strategic Update
February 9, 2017 7:00 AM ESTQuarterly Revenues Return to Growth, 5% Increase Driven by Domestic Affiliate Performance, Continued International Strength and Theatrical Revenue Gains
Operating Cash Flow Increased to $159 Million, Improvement of $285 Million
Company Presents New Strategic Plan, Including Focus on Six Priority Flagship Brands and Deeper Integration of Paramount Pictures
NEW YORK--(BUSINESS WIRE)-- Viacom Inc. (NASDAQ: VIAB, VIA) today reported financial results for the first quarter of fiscal 2017 ended December 31, 2016 and provided an update on strategic priorities.
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