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Stock Market & Financial Investment News

News Breaks
May 1, 2012
13:34 EDTCBSEarnings preview: Advertising trends will be scrutinized in CBS's Q1
CBS (CBS) is expected to report Q1 earnings after the market close on Tuesday, May 1 with a conference call scheduled for 4:30pm ET. Analysts are looking for EPS of 44c on revenue of $3.78B. The consensus range is 38c-48c for EPS, and $3.69B-$3.89B for revenue, according to First Call. Positives for the media company's quarter may be seen coming from political ad spending. At an industry conference in late February, CEO Les Moonves said Q1 advertising trends are "good," substantially better than Q4. Revenue boosts may be also seen coming from from digital streaming and retransmission. A possible negative for the quarter may be seen from a slowdown in economic growth and any impact that has on corporate advertising spending. On April 9, Citigroup downgraded CBS to Neutral from Buy citing valuation and kept a $35 price target for the stock. On April 18, JPMorgan raised its estimates for CBS, citing steady ad trends and contributions from non-advertising streams. The firm expects the company to report solid Q1 results and raised its price target for shares to $38 from $35.
News For CBS From The Last 14 Days
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March 3, 2015
13:08 EDTCBSCBS added to Focus List at JPMorgan
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March 2, 2015
12:00 EDTCBSFCC probing Comcast, Time Warner Cable, The Verge says
The FCC is investigating whether Comcast (CMCSA) or Time Warner Cable (TWC) limited or restricted companies' ability to access streaming video services, according to The Verge, which cited an FCC document. Disney (DIS), CBS (CBS), and Viacom (VIA) were among the companies approached by the FCC about the matter, The Verge stated. Reference Link
07:41 EDTCBSMorgan Stanley to hold a conference
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February 27, 2015
06:07 EDTCBSTiVo, RPX buy Aereo assets, WSJ says
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February 25, 2015
07:57 EDTCBSSandell pressures CBS to divest radio stations to Cumulus Media, The Deal says
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February 19, 2015
10:05 EDTCBSCBS says Hulu bought video on demand rights to CSI
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February 18, 2015
10:05 EDTCBSOn The Fly: Analyst Initiation Summary
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08:49 EDTCBSCBS initiated with a Neutral at Rosenblatt
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February 17, 2015
12:56 EDTCBSDecline of TV viewing accelerated, NY Post reports
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