CBS Shares Tick Higher As Earnings Top Street Estimates

By Wallace Witkowski Markets MarketWatch Pulse

CBS Corp. shares rose in the extended session Thursday after the media company's quarterly results topped Wall Street estimates. CBS shares rose 1.4% to $64.75 after hours. The company reported adjusted first-quarter earnings of $1.09 a share on revenue of $3.34 billion. Analysts surveyed by FactSet had forecast earnings of 95 cents a share on revenue of $3.28 billion.

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