CBS 3Q profit grows, matches Wall St. expectations

November 6, 2013
In this May 4, 2009 file photo, a CBS camera operator videotapes Illinois State Treasurer Alexi Giannoulias speaking at a news conference in Chicago. CBS Corp. reports quarterly earnings on Wednesday, Nov. 6, 2013. (AP Photo/M. Spencer Green, File)

Broadcaster CBS Corp. grew earnings 26 percent in the third quarter, benefiting from higher ad revenue, sales of reruns of shows like "NCIS: Los Angeles" and pay-per-view boxing.

Net income in the three months through September rose to $494 million, or 80 cents per share, from $391 million, or 60 cents per share, a year ago.

Excluding discontinuing operations, earnings came to 76 cents per share, matching the expectations of analysts polled by FactSet.

Revenue rose 11 percent to $3.63 billion, beating the $3.53 billion analysts expected.

Shares of the New York-based company ticked up 30 cents to $59.90 in after-hours trading.

Explore further: Pandora posts in-line 1Q loss, upbeat sales

Related Stories

Pandora posts in-line 1Q loss, upbeat sales

May 23, 2013

(AP)—Internet radio company Pandora reported higher-than-expected revenue in the latest quarter, with losses in line with analysts' forecasts, as the number of subscribers who pay for ad-free listening rose above 2.5 million.

Sprint 2Q loss expands, revenue flat

July 30, 2013

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

CBS 2Q beats Street as dispute goes on

July 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.

EBay CEO cites 'uncertainty' for weak 4Q outlook

October 17, 2013

EBay said the growth rate of e-commerce in the United States is slowing as it delivered a weaker than expected profit and revenue outlook for the current quarter through December. The company's third-quarter earnings edged ...

Texas Instruments 3Q profit drops, outlook weak

October 21, 2013

Chipmaker Texas Instruments Inc. said Monday that its net income fell 20 percent in the third quarter. Its outlook for the current period was worse than analysts expected, and shares slipped.

Recommended for you

The ethics of robot love

November 25, 2015

There was to have been a conference in Malaysia last week called Love and Sex with Robots but it was cancelled. Malaysian police branded it "illegal" and "ridiculous". "There is nothing scientific about sex with robots," ...


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.