Liquidtycoon.com
Stock Symbol:
 
FREE NEWSLETTER SIGNUP - Email Address
Email:
CBS CORP CL B (CBS)
at 11:22am 12.7815
+0.0615

CBS Corporation (NYSE:CBS) is one of the highest percentage and volume gainer within a few minutes of trading. It currently trades at $10.51, gaining 23% on 2.05 million shares and 6,208 trades. The 52 week trading range for the stock is $0.49 and $12.60. Today, Benchmark analyst says, "We are upgrading CBS to a Buy as the stock appears well positioned to benefit from the improving economic outlook and the eventual recovery in advertising revenues. We also think the Company should benefit from management's growth strategy to continue expanding non-advertising revenues...While network upfront sales came in lower than expected, pricing was stronger than anticipated. CBS held back inventory to take advantage of the emerging opportunities in the scatter market. Scatter market pricing increased sharply and sales pacing improving significantly at television stations as well. We expect sequential quarterly improvement over the course of 2009. Radio picking up rapidly could bolster second half."

CBS Corp. (NYSE:CBS) reported fiscal Q2 EPS of 8 cents, ex-items, beating the consensus estimates by one penny. Revenues for the quarter fell 11% year-over-year to $3.01 billion, missing the consensus estimates of $3.04 billion. Executive Chairman Sumner Redstone said, "Leslie and his management team continue to run CBS with a sure and steady hand. We are focused on what matters most: maintaining financial flexibility and positioning the Company as one of the leading beneficiaries in an economic recovery. I am proud of the work our people do each day to achieve these goals, and confident in CBS's bright future."


1d / 5d / 3m / 6m / 1y

Last Trade: 12.7815
Trade Time: 11:22am
Change: +0.0615 (0.48%)
Prev Close: 12.72
Open: 12.98
Bid: N/A
Ask: N/A
1yr Target Est: 15.23
Day's Range: 12.71 - 13.00
52wk Range: 3.06 - 14.56
Volume: 2,332,652
Avg Vol (3m): 9,205,510
Market Cap: 8.655B
P/E (ttm): 28.39
EPS (ttm): 0.52
Div & Yield: 1.57
Headlines
So Much for the Super Bowl Champs - On to the Commercials
Seeking Alpha (Tuesday 9th of February 2010 07:55:00 AM EST)
Super Bowl beats ‘M*A*S*H*’ finale
bizjournals.com (Monday 15th of February 2010 07:05:00 PM EST)
Super Bowl TV ratings up 5% in Philadelphia for CBS 3
bizjournals.com (Monday 15th of February 2010 06:05:00 PM EST)
UPDATE - Record Super Bowl telecast tops "M*A*S*H" record
Reuters (Monday 15th of February 2010 05:58:00 PM EST)
The Ad Bowl's Big Winners
CNBC (Monday 15th of February 2010 04:53:00 PM EST)
MarketWatch First Take: Oprah, Leno, Letterman commercial shines
MarketWatch (Monday 15th of February 2010 04:47:00 PM EST)
Super Bowl drew record TV audience; 1.6 million average in Denver
bizjournals.com (Monday 15th of February 2010 04:05:00 PM EST)
Super Bowl breaks television record
bizjournals.com (Monday 15th of February 2010 04:05:00 PM EST)
Super Bowl breaks 'MASH' viewership record: CBS
MarketWatch (Monday 15th of February 2010 03:57:00 PM EST)
Report: Google Set to Update Gmail Service
Fox Business (Monday 15th of February 2010 02:47:00 PM EST)
Top News

Home | Top Financial News | Subscribe | Disclaimer | About Us | Contact Us | Sitemap
© 2009 liquidtycoon.com