CBS Beats Q1 Earnings Forecasts on Record Revenue
CBS beat its earnings forecast for the first quarter of 2018, posting an adjusted diluted earnings per share (EPS) of $1.34 and a record $3.76 billion in revenue.
The $3.76 billion in revenue was a record for a first-quarter, and CBS also hit an all-time quarterly high in adjusted operating income and adjusted diluted EPS. Wall Street had forecast Q1 earnings of $1.19 EPS and $3.64 billion in revenue, per a Yahoo Finance compilation of media analysts.
CBS shares were trading up nearly two percent in after market trading to $49.65 per share.