CBS Corp. on Feb. 15 reported an 11.4% year-over-year gain in revenue for the quarter ended Dec. 31, 2017, to $3.92 billion, up from $3.52 billion in the prior-year period.
The company reported a fourth-quarter net loss of $41.0 million, or 10 cents per share, compared to a net loss of $113.0 million, or 26 cents per share, in the 2016 fourth quarter.
The quarterly GAAP results reflected the impact of the split-off of CBS Radio in November 2017. Net earnings from continuing operations totaled $40 million for the recently ended quarter.
Fourth-quarter 2017 results also reflected a $129 million charge tied to the recent enactment of new U.S. tax legislation.
The S&P Capital IQ consensus estimate for GAAP EPS was $1.15.