Don't Get Your Hopes Up. Viacom Had a Disappointing Quarter

Shares of Viacom Inc. ( VIAB) fell 7.8% in after-hours trading on Thursday, Aug. 3, after the Comedy Central and Paramount owner cautioned that its current quarter revenue would likely disappoint as affiliate fees slowed.

The price decline indicated Viacom shares would open at $32.32, the lowest since 2010, despite the company posting better-than-expected earnings for its third fiscal quarter as revenue topped analysts' forecasts.

Watch More with TheStreet:

• How Well Do You Know Floyd Mayweather?
• Here's How Companies are Using AI to Secretly Change Your Life
• Tag Along on Some of GoPro's Biggest Adventures
• Why the Bull Market Could Run for Another Decade