How ViacomCBS's first-quarter profit tumbled? WATCH NOW!

  • May 08, 2020 AEST
  • Team Kalkine

ViacomCBS says first-quarter profit tumbled as the company suffered a 19 per cent decline in advertising revenue due in part to the cancellation of the NCAA "March Madness" men's basketball championship this year.

The New York owner of the CBS television network, MTV and the Paramount movie studio said overall revenue fell 6 per cent, to nearly $US6.67 billion, compared with $US7.1 billion in the year-earlier period.

The company posted net income of $US508 million, or 82 cents a share, compared with $US1.946 billion, or $US3.15 a share,in the year-earlier period.

Japanese video-game maker Nintendo Co. has scored a 33 per cent jump in annual profit, as people stuck at home turn to playing games amid the coronavirus pandemic. Kyoto-based Nintendo, which did not break down quarterly numbers, said on Thursday its sales for the fiscal year through March rose 9 per cent from the year before to 1.3 trillion yen ($A19.05 billion).

AMP has shelved a decision to divest its New Zealand wealth management operations, following the economic disruption of the COVID-19 pandemic.

 


Disclaimer
The video has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above video is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK