CBS recorded record revenues and adjusted earnings per share (Eps) over the final quarter of 2018, but missed out on Wall Street projections.
The company reported fourth-quarter revenues of $4 billion and an earnings-per-share of $1.49. Wall Street had forecasted Q4 earnings of $1.54 per share and $4.19 billion in revenue, per a Yahoo Finance compilation of media analysts.
For the full fiscal 2018, CBS Corp reported revenue of $14.5 billion.
Also Read: Ginnifer Goodwin Joins Lucy Liu in CBS All Access Drama 'Why Women Kill'
“CBS delivered our best-ever quarterly and full year results as we continue to position our Company for even stronger long-term growth,” said Joe Ianniello, president and acting CEO, CBS Corporation. “Our strategy of creating more of the premium content that audiences want and making it available across new and traditional platforms continues to pay off, driving quarterly increases in subscribers at CBS and Showtime, both consecutively and year over year.”
Revenues...
The company reported fourth-quarter revenues of $4 billion and an earnings-per-share of $1.49. Wall Street had forecasted Q4 earnings of $1.54 per share and $4.19 billion in revenue, per a Yahoo Finance compilation of media analysts.
For the full fiscal 2018, CBS Corp reported revenue of $14.5 billion.
Also Read: Ginnifer Goodwin Joins Lucy Liu in CBS All Access Drama 'Why Women Kill'
“CBS delivered our best-ever quarterly and full year results as we continue to position our Company for even stronger long-term growth,” said Joe Ianniello, president and acting CEO, CBS Corporation. “Our strategy of creating more of the premium content that audiences want and making it available across new and traditional platforms continues to pay off, driving quarterly increases in subscribers at CBS and Showtime, both consecutively and year over year.”
Revenues...
- 2/14/2019
- by Tim Baysinger
- The Wrap
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