CBS Earnings Come In Slightly Ahead Of Forecasts

CBS Corp. on Thursday reported net income of $413 million, or 79 cents a share, compared with $470 million, or 76 cents a share, for the same period a year ago. Reporting after the close, the New York-based entertainment giant said revenue was $3.68 billion against last year's $3.57 billion. Net earnings came in 2 cents ahead of the forecast from analysts polled by FactSet, while adjusted income was 77 cents a share, a penny ahead of views. Revenue was expected to come in at $3.65 billion. Shares of CBS ended trading Thursday up 1.8% to $57.77.