CBS: Q1 EPS below expectations

(CercleFinance.com) - On Thursday evening CBS unveiled adjusted EPS growth of 2% at 1.
37 dollar for the first quarter of 2019, two cents short of the consensus, with adjusted operating profit that is up 2% at 793 million dollars.

The media and entertainment group explained this improvement was thanks to 11% growth in revenues, which reached 4.17 billion dollars, largely offset by greater capex and higher costs.

"We continue to produce more and more content for a variety of buyers, including Amazon, Apple and Netflix," said CEO Joe Ianniello, who is also spearheading the growth of its direct download services to consumers.


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