NEW YORK (AP) — NEW YORK (AP) — Versant Media Group Inc. (VSNT) on Thursday reported first-quarter net income of $286 million.
On a per-share basis, the New York-based company said it had net income of $1.99.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.
The cable television and digital platform operator posted revenue of $1.69 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.63 billion.
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