CBS: Q4 EPS misses consensus
(CercleFinance.com) - Late on Thursday CBS unveiled a Q4 adjusted EPS that is up around 25% at 1.
50 dollar, missing consensus by three cents, with adjusted operating profit that is up 10% at 837 million dollars.
The media and entertainment group explains this improvement due to 3% growth in revenue, to 4.02 billion dollars, and lower programming costs, due to the absence of "Thursday Night Football".
Over the full-year, CBS reported adjusted EPS that is up 18% at 5.19 dollars, with revenue that is up 6% at 14.5 billion dollars, reaching a record high.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
50 dollar, missing consensus by three cents, with adjusted operating profit that is up 10% at 837 million dollars.
The media and entertainment group explains this improvement due to 3% growth in revenue, to 4.02 billion dollars, and lower programming costs, due to the absence of "Thursday Night Football".
Over the full-year, CBS reported adjusted EPS that is up 18% at 5.19 dollars, with revenue that is up 6% at 14.5 billion dollars, reaching a record high.
Copyright (c) 2019 CercleFinance.com. All rights reserved.