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CBS Posts Mixed Q2 Results; Profit up, Revenue Down (CBS)

By Dividend.com,  August 02, 2012, 04:36:21 PM EDT

Mass media giant CBS Corporation ( CBS ) late Thursday reported a solid uptick in second quarter earnings, although its revenue fell from last year.

The New York-based company reported second quarter net income of $427 million, or 65 cents per share, compared with $395 million, or 58 cents per share, in the year-ago period.

Revenue fell 3% from last year, however, to $3.48 billion.

On average, Wall Street analysts expected a smaller profit of 59 cents per share, albeit on higher revenue of $3.53 billion.

CBS shares rose 61 cents, or +1.9%, in aftermarket trading Thursday.

The Bottom Line
Shares of CBS Corporation ( CBS ) have a 1.45% dividend yield, based on today's closing stock price of $33.04. The stock has technical support in the $30 price area. The shares are trading near all-time highs.

CBS Corporation ( CBS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: CBS



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