UPDATE 2-CBS misses revenue estimates on weak content licensing and distribution [Reuters]
AT&T Inc. (T)
Last at&t inc. earnings: 4/22 06:54 am
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Source: Reuters
CBS misses revenue estimates on weak content licensing and distribution | Reuters 4 Min Read (Reuters) - CBS Corp on Thursday reported fourth-quarter revenue below analysts’ estimates due to a drop in content licensing and distribution sales, sending its shares down nearly 3 percent in after-hours trading. Revenue in its content licensing and distribution business fell 11.3 percent to $1.06 billion in the quarter. Excluding certain items, the company earned $1.50 per share, below analysts’ expectations of $1.52 per share. The company pinned the blame on the timing of international licensing sales and several large domestic sales that occurred in the fourth quarter of 2017. The New York-based company’s results come nearly a month after former Chief Executive Officer Leslie Moonves, who led opposition of a merger, challenged the company’s decision to deprive him of $120 million in severance pay after he resigned amid a wave of allegations of sexual assault and harassment. While media ma
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T
Earnings
- 1/24/24 - Miss
T
Sec Filings
- 4/16/24 - Form PX14A6G
- 4/8/24 - Form DEFA14A
- 4/4/24 - Form ARS
- T's page on the SEC website