CBS Corp. has announced that it will report results for the Q2 2018 after the Closing Bell on Wall Street on Thursday, August 2.
The news comes as talk of its fight against National Amusements Inc. and lead shareholder Shari Redstone has simmered in recent days.
CBS shares have enjoyed a healthy growth spurt in recent days. That’s thanks in part to headlines that don’t involve Viacom, or Redstone. The latest news to come out of Black Rock involves the launch of CBS Experiences, a live and experiential events division.
Dubbed “CBSX” for short, Rich Lobel will serve as EVP/Managing Director, while CBS Television Studios SVP/Late Night and Talent Development Vinnie Favale will partner with Lobel on the new business.
At the Closing Bell on Friday (6/15), CBS shares were up 1.8% to $56.11. That’s the highest close seen for CBS since Feb. 20 and puts the company’s shares back on track to surpass the key $60 level.
CBS has a 1-year target estimate of $66.04.
