February 15, 2018 / 9:20 PM / 4 months ago

BRIEF-CBS Corp ‍Revenue For Q4 Increased 11 pct To $3.92 Billion​

* ORATION REPORTS 2017 FOURTH QUARTER AND FULL YEAR RESULTS

* Q4 EARNINGS PER SHARE $0.10 FROM CONTINUING OPERATIONS

* ‍REVENUES FOR Q4 OF 2017 INCREASED 11% TO A RECORD $3.92 BILLION​

* QTRLY ENTERTAINMENT REVENUE $‍2,818​ MILLION VERSUS $2,394 MILLION LAST YEAR

* Q4 RESULTS INCLUDE CHARGE OF $129 MILLION IN ASSOCIATED WITH ENACTMENT OF FEDERAL TAX LEGISLATION

* ‍RECORDED A ONE-TIME ACCOUNTING CHARGE OF $352 MILLION IN Q4 OF 2017 RELATED TO GROUP ANNUITY CONTRACT​

* ‍DURING Q4 OF 2017, COMPANY MADE A DISCRETIONARY CONTRIBUTION OF $500 MILLION TO PREFUND ITS QUALIFIED PLANS​

* SEES 2018 ‍REVENUE GROWTH IN HIGH-SINGLE DIGITS AND EPS GROWTH IN HIGH TEENS​

* QTRLY ADVERTISING REVENUE $‍1,745​ MILLION VERSUS $1,796 MILLION LAST YEAR

* QTRLY ‍ADVERTISING REVENUE DOWN 3% DUE TO RECORD POLITICAL ADVERTISING SALES IN Q4 2016​

* Q4 EARNINGS PER SHARE VIEW $1.14, REVENUE VIEW $3.70 BILLION — THOMSON REUTERS I/B/E/S Source text for Eikon: Further company coverage:

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