CBS Corp. (CBS) reported first quarter net earnings from continuing operations of $0.73 per share after the bell Wednesday, up from $0.59 per share last year. The consensus estimate was for EPS of $0.68.
CBS gapped up Thursday and climbed in early trade. The stock has advanced further in the last few minutes and is now up 1.80 at $48.20. CBS has broken out of a 2-month range and has set a new high for the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.