CBS: beats consensus in Q2.
(CercleFinance.com) - CBS had a good second quarter, with the group last night reporting Q2 net profit 58 million dollars, or 14 cents per share, compared with 423 million dollars, or 93 cents a share, a year earlier.
Excluding extraordinary items, including the impact of the impairment of CBS Radio's book value, EPS however, exceeded the consensus.
Indeed, EPS came in at 1.04 dollar, against 97 cents expected by the consensus.
Meanwhile, revenues increased by more than expected, up 9% compared to April-June 2016 at 3.26 billion dollars, against 3.1 billion dollars expected by the market.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Excluding extraordinary items, including the impact of the impairment of CBS Radio's book value, EPS however, exceeded the consensus.
Indeed, EPS came in at 1.04 dollar, against 97 cents expected by the consensus.
Meanwhile, revenues increased by more than expected, up 9% compared to April-June 2016 at 3.26 billion dollars, against 3.1 billion dollars expected by the market.
Copyright (c) 2017 CercleFinance.com. All rights reserved.