CBS Tops Estimate in Q4: Buy the Stock?

Filed under: Earnings Reports, Television, General Electric (GE), Walt Disney (DIS), CBS Corp 'B' (CBS), Comcast Cl'A' (CMCSA), News Corp'B' (NWS), Media World

CBS Corporation (CBS) issued its fourth-quarter report after the bell today. The results should make shareholders happy. Adjusted net income rose an incredible 77% to 46 cents per share, according to the press release. That number went beyond the estimate by two pennies as indicated by TheFly.



Considering how the stock has fared over the past twelve months, one would have expected a good earnings report. The 52-week low for the shares is $12.26 while the 52-week high is $22.25. The chart communicates a company backed by some solid momentum.

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CBS Tops Estimate in Q4: Buy the Stock? originally appeared on BloggingStocks on Wed, 16 Feb 2011 18:00:00 EST. Please see our terms for use of feeds.

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