Viacom off to strong Q1 thanks to great box office results

Strong ticket sales for "Bumblebee," the "Transformers" prequel, helped Viacom beat first-quarter profit estimates even as revenue fell short of expectations due to weaker ad sales at its cable networks. Shares of the owner of Paramount Pictures and Nickelodeon closed up 3 percent, at $30.33, on Tuesday. President and Chief Executive Bob Bakish told investors...