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CBS Corp. (CBS) Tops Q4 EPS by 6c, Revenue Beats

February 15, 2018 4:11 PM EST

CBS Corp. (NYSE: CBS) reported Q4 EPS of $1.20, $0.06 better than the analyst estimate of $1.14. Revenue for the quarter came in at $3.92 billion versus the consensus estimate of $3.7 billion.

"I'm very pleased to report that CBS turned in outstanding fourth-quarter results, including double-digit revenue growth and our 32nd consecutive quarter of EPS growth, capping off a very strong year in 2017," said Leslie Moonves, Chairman and Chief Executive Officer, CBS Corporation. "The CBS Corporation produces many of the most-valuable programming franchises in the world, reaching more viewers than anyone else. This gives us a tremendous advantage as streaming becomes more central to our distribution strategy. As a result, we now have nearly five million subscribers at CBS All Access and Showtime OTT combined. When you add this to our retrans and skinny bundle subscribers, our total subscriber base continues to grow at an accelerated pace. With the backdrop of this changing business model, and the completed separation of our radio business during the fourth quarter, we now have even greater visibility into our operations. Specifically, we expect 2018 to be another strong year for the CBS Corporation, with revenue growth in the high-single digits and EPS growth in the high teens from the record $4.40 we're reporting to you today. So we feel very good about the growth path before us, and we continue to have great confidence in our ability to deliver for our shareholders."

For earnings history and earnings-related data on CBS Corp. (CBS) click here.



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