On Thursday, Shares of Viacom, Inc. (NASDAQ:VIAB), lost -14.22% to $44.10, hitting its lowest level.
Viacom stated financial results for the quarter ended June 30, 2015, counting a 4% enhance in adjusted diluted earnings per share to $1.47, a record high for the June quarter.
Quarterly revenues declined 11% to $3.06 billion due to lower theatrical revenues in Filmed Entertainment, which planned no wide theatrical releases in the quarter. Media Networks revenues raised $6 million to $2.60 billion, primarily due to higher associate fees. Absent an unfavorable 2% impact of foreign exchange, Media Networks revenues raised 2%. Worldwide and domestic associate revenues rose 2%, driven by rate enhances. Not taking into account the impact from the timing of product accessible under certain distribution agreements, domestic associate revenues grew in the mid-single digits. Domestic advertising revenues reduced 9%, due to a decline in traditional ratings. Worldwide advertising revenues reduced 2%, which reflects a 58% gain in international advertising revenues driven principally by Channel 5.
Viacom Inc. operates as an entertainment content company in the United States and internationally. The company creates television programs, motion pictures, short-form video, applications, games, consumer products, social media, and other entertainment content.
Shares of The Western Union Company (NYSE:WU), inclined 0.20% to $20.37, during its last trading session.
The Western Union Company have declared that they will be extending their more than 20-year relationship. Western Union international and domestic money transfer and money orders and bill payment services will continue to be accessible at more than 170 Cash Money Agent locations.
Through these services, funds can be sent from Cash Money Agent locations to nearly half a million Western Union Agent locations in more than 200 countries and territories around the globe.
The Western Union® global money transfer system offers Cash Money—and customers—true international connectivity via cross-border money transfers in minutes* between consumers, and also from consumers to businesses within Canada.
The Western Union Company provides money movement and payment services worldwide. The company operates in three segments: Consumer-to-Consumer, Consumer-to-Business, and Business Solutions.
Finally, Orbitz Worldwide, Inc. (NYSE:OWW), ended its last trade with 1.06% gain, and closed at $11.44.
Orbitz Worldwide declared the company`s financial results for the second quarter and six months ended June 30, 2015 through an earnings release that is accessible on the Orbitz Worldwide Investor Relations website at investors.orbitz.com. The earnings release is also accessible on the Securities and Exchange Commission`s website at www.sec.gov.
As a result of the February 12, 2015 declared transaction with Expedia, Inc., the company will not hold a conference call to talk about its second quarter results.
Orbitz Worldwide, Inc. operates as an online travel company worldwide. It uses technology that enables leisure and business travelers to research, plan, and book a range of travel products and services, counting hotels, flights, vacation packages, car rentals, rail tickets, cruises, travel insurance, destination, services and event tickets.
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