CBS 3Q profit grows, matches Wall St. expectations

Nov 06, 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: Uber ramps up safety efforts after criticism

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

Related Stories

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.

Texas Instruments 3Q profit drops, outlook weak

Oct 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.

EBay CEO cites 'uncertainty' for weak 4Q outlook

Oct 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 ...

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

Jul 30, 2013

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

Recommended for you

Yahoo boosts share buyback plan by $2 billion

9 hours ago

Yahoo on Thursday told US regulators that it will spend another $2 billion buying back shares as the pioneering US Internet search firm continues an effort to re-invent itself.

Uber ramps up safety efforts after criticism

Mar 25, 2015

Uber said Wednesday it was ramping up safety in response to rape allegations against a driver in India and growing concerns about background checks for operators of the popular ride-sharing service.

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.