CBS 3Q profit grows, matches Wall St. expectations
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.
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CBS 3Q profit grows, matches Wall St. expectations (2013, November 6)
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