CBS Profit Drops 85 Percent On Tax Charge

Name: CBS Profit Drops 85 Percent On Tax Charge
Uploaded: 2018-02-16T06:12:52+00:00
Duration: 34 s
Channel: Entertainment (now)
Description: On Thursday CBS reported a 85.2 percent drop in quarterly profit, largely due to a $129 million charge related to the recent changes in the U.S. tax law. The owner of the most watched U.S. television network reported net income from continuing operations of $40 million, or 10 cents per share, in the fourth quarter ended Dec. 31, down from $271 million, or 63 cents per share, a year earlier.

Entertainment (now)

9 years ago

On Thursday CBS reported a 85.2 percent drop in quarterly profit, largely due to a $129 million charge related to the recent changes in the U.S. tax law. The owner of the most watched U.S. television network reported net income from continuing operations of $40 million, or 10 cents per share, in the fourth quarter ended Dec. 31, down from $271 million, or 63 cents per share, a year earlier.