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CBS 1Q Earnings Beat Estimates
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Description
FBN’s Adam Shapiro breaks down CBS’ first-quarter earnings results.
- Duration 0:55
- Date May 1, 2012
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Transcript
This transcript is automatically generated
I'm Adam Shapiro of Fox Business -- shares of CBS are on the rise in extended trading following better than expected first quarter results earnings for the company.
Topped estimates of 54 cents a share revenue also -- forecast of three point 92 billion dollars.
CBS continue to benefit from content licensing deals including Netflix and Amazon.
-- advisors also seeing a pop after hours as the company beat on both the top and bottom line during the first quarter earnings beat estimates by a penny at 38 cents a share revenue.
Jumped 23% 183 point seven million dollars.
Wall Street running out today in a sea of Green with the blue chips hitting a four year high this is investors cheered a better than expected report on manufacturing.
At the closing bell the Dow was up 65 point setting -- date thirteen thousand to 79.
That's the latest from the Fox Business Network giving you the -- across.
