Licensing and Ad Revenue Propel CBS Corp’s Q4 Earnings (CBS)

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Media giant CBS Corporation ( CBS ) late Wednesday posted better-than-expected fourth quarter earnings, propelled by an uptick in licensing and ad revenue.

The New York-based company reported fourth quarter net income of $283 million, or 41 cents per share, compared with just $59 million, or 9 cents per share, in the year-ago period. Last year's results were hampered by some $200 million in one-time items.

Excluding special items in the latest quarter, adjusted profit was 46 cents per share. Meanwhile, revenue surged 11% from last year to $3.9 billion.

On average, Wall Street analysts expected a smaller profit of 43 cents per share, on slightly lower revenue.

CBS shares were mostly flat in premarket trading Thursday.

The Bottom Line
Shares of CBS Corp ( CBS ) have a .90% dividend yield, based on last night's closing stock price of $22.10. The stock has technical support in the $19-$20 price area. If the shares can firm up, we see overhead resistance around the $25 price level.

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.

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