Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Mr. Big who wrote (54176)	8/2/1999 8:02:00 AM
From: briskit	Read Replies (1) of 120523

CBS Corporation Reports Record Results for Second Quarter 1999; Profit Growth Up Dramatically for All Operating Segments PR Newswire, Monday, August 02, 1999 at 07:25 Net Revenues Up 13% Operating Cash Flow Up 55% After Tax Cash Flow Up 55% Earnings Per Share of $0.13 Up from $0.01 Last Year NEW YORK, Aug. 2 /PRNewswire/ -- CBS Corporation (NYSE:CBS) today reported record operating results for the second quarter of 1999. Results for the Second Quarter of 1999 Net revenues for the second quarter were $1,678 million, as compared to $1,484 million for the second quarter of 1998, an increase of approximately 13%. The increase was due to revenue growth at the Company's television segment, at its out-of-home media subsidiary, Infinity Broadcasting Corporation (NYSE:INF), and at its cable segment, which had strong sales growth at its country lifestyle cable channels.

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