FILE - In this Jan. 9, 2007 file photo, a CBS Corp. logo is silhouetted in Las Vegas. CBS reports its fourth quarter earnings on Thursday, Feb. 14, 2013. (AP Photo/Jae C. Hong, File)
News summary: CBS 4Q results short of expectations
Published: 12:46:05 AM, Fri 15 February 2013 UTC
4Q MISS: CBS Corp. said it earned an adjusted 64 cents per share on revenue of $3.7 billion in the quarter through December. Analysts were looking for 69 cents of earnings per share on $3.83 billion in revenue.
ONE-OFF FACTORS: The results were weighed by a temporary pullback in ad spending by retailers at local TV stations and CBS not repeating a revenue bump from the sale of CW network shows to Netflix and Hulu last year.
SHARE ACTION: CBS shares fell 1.2 percent to $42.43 in after-hours trading.
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