Viacom fiscal Q3 down 7% on film; below consensus

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Viacom-logoRevenues were $3.42 billion, a decrease of 7%, with declines in Filmed Entertainment partially offset by an increase in Media Networks revenues. Operating income was $1.09 billion, as gains in Filmed Entertainment were offset by lower Media Networks operating income. Adjusted net earnings from continuing operations decreased to $618 million, and adjusted diluted EPS were up 10% to $1.42 per share.

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