Investing.com - ViacomCBS (NASDAQ:VIAC) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
ViacomCBS announced earnings per share of $0.97 on revenue of $6.56B. Analysts polled by Investing.com anticipated EPS of $0.9653 on revenue of $6.48B.
ViacomCBS shares are up 4% from the beginning of the year, still down 61.91% from its 52 week high of $101.85 set on March 15. They are under-performing the Nasdaq which is up 14.68% from the start of the year.
ViacomCBS follows other major Communication Services sector earnings this month
ViacomCBS's report follows an earnings beat by Alphabet C on July 27, who reported EPS of $27.26 on revenue of $61.88B, compared to forecasts EPS of $19.33 on revenue of $56.19B.
Facebook had beat expectations on July 28 with second quarter EPS of $3.61 on revenue of $29.08B, compared to forecast for EPS of $3.04 on revenue of $27.85B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar