The owner of MS NOW, CNBC and USA said net income in the period fell more than 40% to $47 million, a decrease of $33 million from $80 million in the year-earlier period. Versant cited lower revenue and public company costs and interest expense following its separation from Comcast.
Versant reaffirmed its projections for between $6.2 billion and $6.45 billion for the end of the year, and said it expected its free cash flow for the period to exceed a prior estimate of between $1. billion to $1.2 billion.
