For the second quarter of its fiscal year, Viacom, Inc. (NASDAQ:VIA) reported earnings that beat analysts’ expectations, while revenue was largely in-line with the Street view.
The entertainment content company said adjusted earnings in the quarter ended March 31 rose by 13% to $1.08 per diluted share, beating $1.05 average estimate from analysts at Capital IQ. Revenue grew by 1% on the year to $3.17 billion compared to a consensus of $3.2 billion. Unadjusted earnings jumped to $502 million or $1.13 per diluted share from $478 million or $0.96. Separately, Viacom said earlier it is buying Channel 5 Broadcasting in the U.K. for 450 million GBP, or approximately $757 million, from Northern & Shell Media.
VIAB closed 1.5% in green and then shed 0.9% in after-hours trading, which is near the top-end of the 52-week range between $63.53 and $89.27. The stock was inactive in the last pre-market trade.
In another development, ANSYS, Inc.(NASDAQ:ANSS), an engineering simulation software company, said it has acquired SpaceClaim Corporation, a provider of 3-D modeling software for engineers, for $85 million in cash, without retention and an adjustment for working capital.
The transaction was completed at the end of April. On a non-GAAP basis, the transaction will most likely be neutral or only slightly accretive to ANSYS’ earnings per share in 2014 and accretive in 2015 and beyond. The stock closed at $76.31 on Wednesday, with a 52-week range of $70.66 between $89.71.
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