The CBS Corporation (NYSE:CBS) announced historic operating income for the 2Q of 2012, albeit total sales plunged a bit from last year same quarter due to shifts in television programming timetables and a drop in digital sales.
For the recent quarter period, CBS reported that its advertising sales declined 3 percent, in contrast with a 5 percent increase in the last quarter. Ad sales at Time Warner networks climbed up 2% in the quarter, in contrast with 6% in the earlier quarter. Discovery’s US ad sales was 7 percent higher, in contrast with a 13 percent hike a former quarter.
Its competitors include News Corp (NASDAQ:NWS) whose revenue remained 34.30 billion with the market capitalization of 56.95 billion and The Walt Disney Company (NYSE:DIS) whose revenue came in 41.51 billion with the market capitalization of 88.96 billion.
Other services stocks include Staples, Inc. (NASDAQ:SPLS) possessing revenue of 24.95 billion, Lowe’s Companies, Inc. (NYSE:LOW) with 51.81 billion in revenue, CVS Caremark Corporation (NYSE:CVS) whose revenue remained 112.20 billion, MGM Resorts International (NYSE:MGM) having revenue of 8.62 billion, eBay Inc (NASDAQ:EBAY) with 13.02 billion revenue and Cardinal Health, Inc. (NYSE:CAH) revenue came in 107.55 billion.
CBS Corporation (NYSE:CBS) stock reports on August 06, 2012 increased +1.20% to the trading price of $35.48. Its fifty two week range is $35.02-$35.88. The total market capitalization remained $22.71 billion.
The overall volume in the current trading session is 3.85 million shares. In its share capital CBS has 640.03 million outstanding shares among them 596.55 million shares have been floated in market exchange. CBS stock institutional ownership remained 84.38% while insider ownership included 0.35%.
CBS is ahead its 52 week low with 96.90% and going forward from its 52 week high price with 0.49%. CBS last month stock price volatility remained 2.38%. The stock price of CBS is moving forward from its 20 days moving average with 9.63% and remote positively from 50 days moving average with 10.07%.
CBS current year earnings per share experienced an addition with 81.80% while its current quarter performance remained 5.86%. Company’s beta coefficient included 2.21. Beta factors measures the amount of market risk associated with market trade.
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