CBS (NYSE:CBS) Post 6% Boost in Fiscal Q4 Profit; Declares Share Buyback Plan – CBS, CMCSA, TWX, CMLS

CBS Corporation (NYSE:CBS) on Thursday posted a 6% boost in fiscal Q4 profit, lifted by political ads on its TV networks and higher revenue from cable channel charges.

However, earnings of the company for quarter through October to December tumbled short of Wall Street analysts’ forecasts. Shares fell around 1% in extended trading session after the news.

The New York based CBS reported net earnings surged 6.2% to $393 million or 60 cents per share, from $370 million or 55 cents per share in the same period previous year.

Also, CBS declared plans to buyback an additional $1 billion of its Class B common stock in 2013.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Comcast Corporation (NASDAQ:CMCSA) rose +0.52% to settle at $40.34, Time Warner Inc. (NYSE:TWX) moved up +1.48% to end at $53.63 while Cumulus Media Inc (NASDAQ:CMLS) jumped +0.31% to finish at $3.24 on Thursday.

CBS Corporation (NYSE:CBS) last session’s volume of 9.13 million shares was surprisingly higher than its average volume of 7.49 million shares. The stock after opening at $42.43 hit high price of $43.10 and then closed at $42.94 by scoring +0.63%.

The liquidity measure in recent quarter results of the company was recorded 1.58 as current ratio and on the other side the debt to equity ratio was 0.58 and long-term debt to equity ratio remained at 0.57. The Company had total cash of $947.00 million at hand and a book value per share as $16.15 in the most recent quarter.

The stock’s price volatility was 1.88% for a week and 2.00% for a month as well as price volatility’s Average True Range for 14 days was 0.87 and its beta remained at 2.25.

CBS generated revenue of $14.60 billion in the previous twelve months and earned $1.54 billion. The Company showed a positive 10.72% in the net profit margin as well as in its operating margin which remained at 19.21%. Company’s annual sales growth for the past five years was -0.11%.

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