ViacomCBS Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - ViacomCBS Inc. (VIAC) released a profit for its first quarter that climbed from the same period last year.

The company's earnings totaled $899 million, or $1.42 per share. This compares with $501 million, or $0.81 per share, in last year's first quarter.

Excluding items, ViacomCBS Inc. reported adjusted earnings of $961 million or $1.52 per share for the period.

Analysts had expected the company to earn $1.23 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.2% to $7.41 billion from $6.49 billion last year.

ViacomCBS Inc. earnings at a glance:

-Earnings (Q1): $961 Mln. vs. $690 Mln. last year. -EPS (Q1): $1.52 vs. $1.12 last year. -Analysts Estimate: $1.23 -Revenue (Q1): $7.41 Bln vs. $6.49 Bln last year.