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CBS Corporation C (CBS)
at 4:02pm 14.78
+0.10

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: 14.78
Trade Time: 4:02pm
Change: +0.10 (0.68%)
Prev Close: 14.68
Open: 14.36
Bid: N/A
Ask: N/A
1yr Target Est: 17.56
Day's Range: 14.14 - 14.87
52wk Range: 7.77 - 16.98
Volume: 7,216,721
Avg Vol (3m): 11,629,000
Market Cap: 10.050B
P/E (ttm): 39.25
EPS (ttm): 0.98
Div & Yield: 1.70
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