CBS 2Q beats Street as dispute goes on

Jul 31, 2013

CBS says net income rose 11 percent in the latest quarter, beating the expectations of analysts even as a dispute with one of its key TV distributors continues.

Second-quarter net income grew to $472 million, or 76 cents per share. That's up from $427 million, or 65 cents per share, a year ago.

Revenue rose 11 percent to $3.7 billion.

Analysts polled by FactSet had expected 72 cents per share of earnings on revenue of $3.51 billion.

The benefited from licensing its shows to online streaming providers such as Netflix. CBS Corp. reported the results as a contentious fee fight with Time Warner Cable Inc. continued. The companies have set a Friday deadline after a previous deal expired in June.

Shares increased 45 cents to $53.30 in after-hours trading.

Explore further: Taxi app Uber defies ban in Spain

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Sprint 2Q loss expands, revenue flat

Jul 30, 2013

Wireless carrier Sprint's second-quarter losses grew while revenue held steady in its first earnings report under majority owner SoftBank.

Fully-owned NBCUniversal boosts Comcast 2Q results

Jul 31, 2013

The decision by Comcast Corp., the country's largest cable company, to buy out General Electric in NBCUniversal looks like a smart one, as the media conglomerate posted strong results for the second quarter.

Comcast profit rises 17 percent in 1Q

May 01, 2013

Comcast Corp., the nation's largest cable company and owner of NBCUniversal, says its net income rose 17 percent in the latest quarter, powered by continued strong results from its cable operations.

CBS 4Q earnings top views, but sales fall short

Feb 16, 2012

(AP) -- Broadcasting giant CBS Corp. said Wednesday that its earnings rose 31 percent in the final quarter of 2011, thanks to licensing shows to online video companies such as Netflix as well as cost-cutting that helped ...

Expedia posts 1Q loss; says revenue rose 24 pct

Apr 25, 2013

Online travel agency Expedia Inc. is reporting a larger loss in the first quarter as its stock-based compensation, legal reserve and depreciation costs surged compared to a year ago. But its adjusted revenue and income surpassed ...

Recommended for you

Taxi app Uber defies ban in Spain

13 hours ago

Smartphone car-ride service Uber vowed Friday to keep operating in Spain despite a ban following a lawsuit by taxi drivers and said it would fight the case in court.

Sony film mess reflects gadgets-entertainment gap

20 hours ago

Sony's iconic gadgetry and the star appeal of Hollywood may have appeared to be a perfect match when the electronics giant bought Columbia Pictures in 1989. A quarter century later, it's apparent that Sony ...

LivingSocial's new CEO eyes an experience-oriented future

Dec 24, 2014

Some big challenges lie ahead for LivingSocial, the online marketplace known for its daily deals and discounted prices on restaurants, spas and local activities. But that's where the company's new chief executive, Gautam ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.