CBS Bid Higher on Q2 Earnings Results

Shares of CBS CBS are bid higher in the after-hours trade following the release of the company's Q2 earnings results. Currently, shares are bid $26.41, at $26.57; they ended the regular session lower by 3.67%, at $26.28. CBS reported Q2 EPS of $0.58 on revenues of $3.59 billion; the Street was looking for $0.45 per share on revenues of $3.55 billion. Revenues increased 8% year over year, while free cash flow increased 32% year over year, to $646 million "CBS's second quarter performance built on our tremendous first quarter, posting strong results throughout each of our businesses," said Sumner Redstone, Executive Chairman, CBS Corporation. "The Company continues to operate at an exceptionally high level as we remain focused on creating the absolute best content and distributing that content in strategic and profitable ways. I am confident that Leslie and his team will continue to manage CBS for success and enhance shareholder value for a long, long time to come." CBS Corporation is a mass media company. CBS Corp. operates in segments, including Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor.