NEW YORK (AP) _ ViacomCBS Inc. (VIAC) on Thursday reported first-quarter profit of $911 million.
The New York-based company said it had net income of $1.44 per share. Earnings, adjusted for one-time gains and costs, were $1.52 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The company posted revenue of $7.41 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $7.46 billion.
ViacomCBS shares have climbed almost 5% since the beginning of the year. The stock has more than doubled in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VIAC at https://www.zacks.com/ap/VIAC
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