CBS (NYSE:CBS) announced that earnings increased by 6.2 percent to $393 million, or 60 cents per share, up from $370 million, or 55 cents per share in the same period last year. Excluding items, the company earned 64 cents per share. Analysts had expected earnings of 69 cents per share. Revenue increased by 2.4 percent to $3.7 billion from $3.61 billion in the same period last year, missing estimates of $3.85 billion. The company also announced a stock buyback of $1 billion.
Tata Motors (NYSE:TTM) announced that profit for the third fiscal quarter fell by 50% to 16.3 billion rupees, or $303 million, while net revenue grew by about two percent to 461 billion rupees, or $8.6 billion. The results were attributed to a 20% year over year drop in net revenue at the company's core Tata Motors Division.
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