NEW YORK (TheStreet) -- Shares of Viacom Inc. (VIAB) are higher by 5.30% to $72.92 in early afternoon trading on Thursday, after the company said its 2014 fourth quarter adjusted net earnings results were $729 million, or $1.71 per diluted share, which surpassed the expectations of analysts polled by Thomson Reuters of $1.68 per share for the quarter.
The entertainment and media company said revenue for the most recent quarter grew by 9% to $3.99 billion, over the 2013 third quarter. Analysts were expecting $3.90 billion in revenue for the latest quarter.
"As we conclude another fiscal year, Viacom remains well-positioned as a creative leader with many of the world's most innovative media properties and best entertainment brands," the company's executive chairman, Sumner Redstone said.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.VIAB data by YCharts