Tuesday, July 31, 2007

CBS quarterly earnings drop but beat forecasts

(Reuters) - Year-ago earnings included income from discontinued
operations of $291.9 million, reflecting a gain on the sale of
its Paramount Parks. It also had a tax benefit.




On an adjusted basis, earnings in the latest quarter rose
to 54 cents from 47 cents per share, surpassing the average
analyst estimate of 51 cents per share, according to Reuters
Estimates.


Read more at Reuters.com Market News

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