CBS Corporation (NYSE:CBS) Declared Its First Quarter Financial Results

Experts Expectations vs Actual:

The company beat the experts estimate of 43 cents per share. CBS beat the average revenue estimate of $3.78 billion.

CBS Corporation vs Industry Leaders:

The company is ranked 15^th among 57 Broadcasting – TV Companies by return on equity. The company maintains the return on equity of 14.68 percent maintained in its industry. The company maintains the P/E ratio of 15.27 percent which ranks it 12^th among its industry peers.

1^st Quarter 2012 Financial Results:

Revenue:

CBS Corporation (NYSE:CBS) reported the revenue of $3.92 billion for the quarter ended March 31^st, 2012 as compared to revenue of 3.51 billion for the same period last year.

Net Income 2012 vs Net Income 2011:

CBS Corporation (NYSE:CBS) reported the net loss of $363 million or earnings of $0.53 per share for the respective quarter as compared to net income of $202 million or earnings of $0.29 per share last year.

Balance Sheet:

The company’s total assets accumulate up to $26.39 billion with highest proportion of current assets in its composition. The company maintains strong short term liquidity position as per its current ratio of 1.39 times. Its total liabilities stand at $16.38 billion as compared to its total equity of 10.00 billion.

CBS Corporation’s Competitors:

Tiffany & Co. (NYSE:TIF), Liz Claiborne, Inc. (NYSE:LIZ), Guess?, Inc. (NYSE:GES), and Polo Ralph Lauren Corp. (NYSE:RL).