NEW YORK (TheStreet) -- Viacom (VIAB) - Get Report stock is down by 3.75% to $47.50 in pre-market trading on Thursday, after the company reported its 2015 fourth quarter earnings results before the market open today.

The entertainment company posted adjusted earnings of $1.54 per share, lower by 10% from $1.71 per share for the year ago period.

Revenue declined by 5% year over year to $3.789 billion, down from $3.991 billion for the 2014 fourth quarter. 

Viacom's domestic revenue fell by 7% for the most recent quarter, amid a decline in television ratings. 

The company had been forecast by analysts surveyed by Thomson Reuters to report earnings of $1.55 per share on revenue of $3.88 billion for the three month period ended in September.

"Viacom's fourth quarter and year-end results are indicative of our progress in key areas, including recent ratings improvement and renewals of important distribution agreements," CEO Philippe Dauman said in a statement. "Our strategy of increasing and accelerating investment in original content and expanding our profitable international footprint are among the major factors driving this success, which we believe will continue in 2016 and beyond."


Separately, TheStreet Ratings team rates VIACOM INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate VIACOM INC (VIAB) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and a generally disappointing performance in the stock itself.

You can view the full analysis from the report here: VIAB

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