May 11, 2017

Last week CBS Corporation (NYSE: CBS.A and CBS) reported its financials for the first quarter of 2017, including revenue of $3.34 billion, compared to $3.59 billion for the same period last year. CBS attributes the difference to its first quarter 2016 broadcast of Super Bowl 50 and an additional NFL playoff game. CBS reported net earnings from continuing operations of $454 million, compared to $442 million for the same period in 2016. However, the company also reported a net loss of $252 million, or $(0.61) per common share, compared to net earnings of $473 million for the same period last year.