trending Market Intelligence /marketintelligence/en/news-insights/trending/7g-pu_jc80xlrlhclkuoia2 content esgSubNav
In This List

CBS registers Q4'17 net loss tied to tax reform, discontinued operations

Blog

Discovery+ dives into a crowded US OTT video market

451 Research Podcast

Next in Tech | Episode 42: AI/ML Infrastructure

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Video

S&P Capital IQ Pro | Powered by Expert Insights


CBS registers Q4'17 net loss tied to tax reform, discontinued operations

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.