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Benzinga

Business

Henry Khederian

Why ViacomCBS Shares Are Falling In Tuesday's After-Hours Session

ViacomCBS CBS Viacom

ViacomCBS Inc Class B (NASDAQ:VIAC) shares are trading lower by 5.1% at $34.15 during Tuesday's after-hours session after the company reported fourth-quarter adjusted EPS results were down year-over-year.

ViacomCBS reported quarterly earnings of 26 cents per share, representing a 75% decrease over earnings of $1.04 per share from the same period last year. The company reported quarterly sales of $8.00 billion which beat the analyst consensus estimate of $7.49 billion by 7%. This is a 16% increase over sales of $6.87 billion the same period last year.

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