Vivendi Posts Drop In Q3 Profit

Vivendi SA

reported a drop in its third-quarter net profit. Vivendi's quarterly net income fell to 376 million euros ($506 million), or 28 cents a share, from a year-ago profit of EUR493 million, or 38 cents a share. Its sdjusted earnings before interest and taxes declined 23% to EUR730 million from EUR948 million, while revenue rose 0.2% to EUR5.35 billion. Vivendi shares closed at $24.90 yesterday.