Viacom, Inc. (NASDAQ:VIAB) reported some of the weakest domestic advertising and viewership results among media companies this week, fanning the flames of an industrywide stock meltdown amid questions about the future health of the TV ecosystem. Domestic advertising revenue fell 9% because of a decline in traditional TV ratings, worse than the ad sales drop of 5% to 8% expected by analysts. That led to overall revenue that also missed analysts’ expectations, as a blank summer movie slate was a drag on results as well. Viacom, Inc. (NASDAQ:VIAB) belongs to Services sector. Its net profit margin is 12.90% and weekly performance is -21.75%. On last trading day company shares ended up $44.10. Viacom, Inc. (NASDAQ:VIAB) distance from 50-day simple moving average (SMA50) is -30.13%.
Petrobras announces that it will disclose 2nd quarter 2015 Results on Thursday, August 6, 2015, after market closing. The company would like to invite investors and analysts for the conference call/webcast, with broadcast in Portuguese and simultaneous translation to English, according to the times: August 7, 2015 (Friday). Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares increased 2.69% in last trading session and ended the day at $6.49. PBR Gross Margin is 25.10% and its return on assets is 2.30%. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) quarterly performance is -32.82%.
Renren Inc. (NYSE:RENN) announced that its Acting Chief Financial Officer, Mr. Ashley Law Kwok Wai, is resigning from his position at the Company to pursue another career opportunity, effective July 31, 2015. We thank Ashley for his significant contribution to the Company since he joined in November 2012. We wish him the best in his next venture,” said Renren’s Chairman and Chief Executive Officer, Mr. Joseph Chen. On 06 August, Renren Inc. (NYSE:RENN) shares increased 0.57% and was closed at $3.54. RENN EPS growth in last 5 year was 19.20%. Renren Inc. (NYSE:RENN) year to date (YTD) performance is 41.04%.
Evolving Systems Inc. (NASDAQ:EVOL) reported financial results for its second quarter and six-month period ended June 30, 2015. We fell short of expectations in the second quarter as revenue and bookings came in below our estimates,” said Thad Dupper, Chairman and CEO. “During the quarter we observed carriers’ budgets tightening and becoming less predictable as they dealt with competition from aggressive price plans and flattening of subscriber net adds, all of which made closing contracts and forecasting more of a challenge than in past quarters. Over the years our quarterly results have fluctuated, but we are pleased that despite lower revenue this quarter, our profitability metrics and our balance sheet remain strong. Evolving Systems Inc. (NASDAQ:EVOL) ended the last trading day at $6.54. Company weekly volatility is calculated as 10.73% and price to cash ratio as 6.94. Evolving Systems Inc. (NASDAQ:EVOL) showed a weekly performance of -23.86%.
Cumberland Pharmaceuticals, Inc. (NASDAQ:CPIX) announced second quarter 2015 financial results with Net Revenues of $8.9 million and Adjusted Earnings of $1.6 million or $0.09 per share. Net Revenues for the first six months of 2015 were $17.6 million with Adjusted Earnings of $3.2 million or $0.18 per share. Cumberland Pharmaceuticals, Inc. (NASDAQ:CPIX) shares decreased -0.08% in last trading session and ended the day at $6.01. CPIX Gross Margin is 86.10% and its return on assets is 2.10%. Cumberland Pharmaceuticals, Inc. (NASDAQ:CPIX) quarterly performance is -9.56%.