Growth in high margin revenues and effective cost control measures facilitated CBS Corporation (NYSE:CBS) to post better-than-expected fourth-quarter 2011 bottom-line result. The quarterly earnings of 57 cents a share surpassed the Zacks Consensus Estimate of 53 cents and jumped 23.9% from 46 cents earned in the year-ago quarter.
Key Numbers
Revenue inched down 3.1% year over year to $3.78 billion, which is quite a healthy number as the reported quarter lacked significant political advertising … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards