A Feb. 14 story,
Viacom Misses Estimates by a Penny, but Revenue Rises Sharply, incorrectly reported that
Viacom's
(VIA:NYSE) fourth-quarter earnings were $30.4 million, or 2 cents a share. In fact, the company earned $76 million, or 5 cents a share. The story also incorrectly reported that fourth-quarter results fell short of analysts' consensus estimate of 3 cents a share when, in fact, they exceeded estimates. Finally, pro forma revenue for the year-ago fourth quarter was incorrectly reported as $60.04 billion. The correct figure is $6.04 billion. (
corrected Feb. 15
)
A Feb. 14 story,
Arrow Electronics Heads Higher After Earnings Report, Forecast, incorrectly described the company as a contract manufacturer. In fact,
Arrow Electronics
(ARW:NYSE) distributes electronic components and computer products. (
corrected Feb. 15
)
A Feb. 12 column,
On the Level: Slowdown a Millstone Around Big Tech's Neck, mistakenly said that the U.S. stock market bottomed in 1975. In fact, it bottomed in late 1974.
(corrected Feb. 14)
