CBS Corp. (CBS) Tops Q2 EPS by 1c

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Go back to CBS Corp. (CBS) Tops Q2 EPS by 1c

CBS beats Wall St. estimate, Moonves silent on allegations

August 2, 2018 4:13 PM EDT

By Sheila Dang

(Reuters) - CBS Corp's (NYSE: CBS) quarterly results topped Wall Street targets and CEO Les Moonves delivered an upbeat message to investors about the media company's future on Thursday, without addressing allegations of sexual misconduct against him reported last week.

At the start of an analysts conference call on CBS earnings that was also broadcast on business television network CNBC, the company said it would not take questions about Moonves' reported behavior or its legal battle with majority shareholder Shari Redstone over control of the U.S. media... More