CBS Corp ?Revenue For Q4 Increased 11 pct To $3.92 Billion [Reuters]
CBS (CBS)
Last cbs earnings: 11/12 08:00 am
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Source: Reuters
CBS Corp (CBS.N) Key Developments | Reuters.com Feb 15 (Reuters) - Cbs Corp ::ORATION REPORTS 2017 FOURTH QUARTER AND FULL YEAR RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.20.Q4 EARNINGS PER SHARE $0.10 FROM CONTINUING OPERATIONS.?REVENUES FOR Q4 OF 2017 INCREASED 11% TO A RECORD $3.92 BILLION?.QTRLY ENTERTAINMENT REVENUE $?2,818? MILLION VERSUS $2,394 MILLION LAST YEAR.Q4 RESULTS INCLUDE CHARGE OF $129 MILLION IN ASSOCIATED WITH ENACTMENT OF FEDERAL TAX LEGISLATION.?RECORDED A ONE-TIME ACCOUNTING CHARGE OF $352 MILLION IN Q4 OF 2017 RELATED TO GROUP ANNUITY CONTRACT?.?DURING Q4 OF 2017, COMPANY MADE A DISCRETIONARY CONTRIBUTION OF $500 MILLION TO PREFUND ITS QUALIFIED PLANS?.SEES 2018 ?REVENUE GROWTH IN HIGH-SINGLE DIGITS AND EPS GROWTH IN HIGH TEENS?.QTRLY ADVERTISING REVENUE $?1,745? MILLION VERSUS $1,796 MILLION LAST YEAR.QTRLY ?ADVERTISING REVENUE DOWN 3% DUE TO RECORD POLITICAL ADVERTISING SALES IN Q4 2016?.Q4 EARNINGS PER SHARE VIEW $1.14, REVENUE VIEW $3.70 BILLION -- THOMSON RE
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