CBS Corporation Beats EPS Estimate; Revs In-Line (CBS)

CBS Corporation CBS reports Q3 earnings of $0.35 versus consensus of $0.31. CBS Corporation reports revenues of $3.3 billion versus consensus of $3.35 billion. "CBS's strong momentum continues to grow across our businesses," said Leslie Moonves, President and Chief Executive Officer, CBS Corporation. "Just as we saw last year, each quarter in 2010 is delivering higher profits than the quarter before. The operating environment continues to improve, and we are reaping the benefits of our lower cost structure, with margins that are approaching pre-recession levels. Plus, our content continues to flourish.” He added, “We see a strong finish to 2010 and a very bright future ahead." Shares of CBS are higher in the after-hours by 1.93%.