CBS Corp. (CBS) Reports Q2 EPS of $0.74

CBS Corp. (NYSE: CBS) reported Q2 EPS of $0.74, versus $0.72 reported last year. Revenue for the quarter came in at $3.2 billion, versus $3.19 billion reported last year.

"This quarter underscores the key steps we are taking to build out our long-term growth strategy," said Leslie Moonves, President and Chief Executive Officer, CBS Corporation. "Central to that strategy is the progress we're seeing with our fast-growing, nonadvertising revenue sources, and there's so much more to come as our investment in global content and new distribution pathways pays off. We are now on target to surpass our goal of $2 billion in retransmission consent and reverse compensation revenue by 2020—thanks to a series of recent deals that reset the value of our content in the marketplace. Additionally, the launch of Showtime's streaming service and the rapid expansion of CBS All Access are generating incremental revenue streams that will continue to grow in the years ahead. Of course, our premium content remains the cornerstone of our success, and I am confident this fall's new primetime lineup will lead us to another victory next season. In fact, our schedule is so strong that we achieved solid pricing increases and the highest rates overall in the advertising upfront, and we also expect healthy increases in the scatter market throughout the year. As we lay the groundwork for a lucrative 2016 and beyond, we are also holding the line on costs, and we remain as focused as ever on investing in the best content, enhancing our strong financial position, and returning value to shareholders."

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

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