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CBS Q1 Profit Rises

CBS Corp. (CBS, CBS-A) Wednesday reported first-quarter net earnings of $443 million or $0.69 per share, up from $363 million or $0.54 per share last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter grew 6 percent to $4.04 billion from $3.80 billion in the same prior-year period. Analysts estimated revenues of $4.02 billion for the quarter.

by RTTNews Staff Writer

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