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Viacom (VIAB) Stock Down in Pre-Market Trading on Earnings

NEW YORK (TheStreet) -- Viacom (VIAB - Get Report) stock is decreasing by 4.49% to $49.10 in pre-market trading on Thursday, after the company reported earnings per share that met analysts' estimates, but lower than expected revenue for the third quarter of fiscal 2015.

The company posted adjusted earnings of $1.47 per diluted share for the quarter ended June 30.

Revenue fell 11% to $3.06 billion for the third quarter, compared to $3.42 billion for the same period last year.

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