CBS 3Q profit grows, matches Wall St. expectations
Posted at: 11/06/2013 4:35 PM
(AP) NEW YORK - 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.
(Copyright 2013 by The Associated Press. All Rights Reserved.)